Contribution of Tioga Gas Plant Assets. (a) Notwithstanding any provision of the HTGP GP LLC Agreement to the contrary, HIP LP hereby contributes to MLP GP LP, as a capital contribution, a portion of HIP LP’s limited liability company interests in HTGP GP with a value equal to 2% of the equity value of HTGP GP (the “HTGP Interest”), and MLP GP LP hereby accepts the HTGP Interest as a capital contribution from HIP LP. Notwithstanding any provision of the HTGP GP LLC Agreement to the contrary, MLP GP LP is hereby admitted to HTGP GP as a member of HTGP GP and hereby agrees that it is bound by the HTGP GP LLC Agreement. HIP LP hereby continues as a member of HTGP GP with respect to the portion of its limited liability company interest in HTGP GP not transferred to MLP GP LP.
Appears in 4 contracts
Samples: Contribution, Conveyance and Assumption Agreement (Hess Midstream Partners LP), Contribution, Conveyance and Assumption Agreement (Hess Midstream Partners LP), Contribution, Conveyance and Assumption Agreement (Hess Midstream Partners LP)
Contribution of Tioga Gas Plant Assets. (a) Notwithstanding any provision of the HTGP GP LLC Agreement to the contrary, HIP LP hereby contributes to MLP GP LP, as a capital contribution, a portion of HIP LP’s limited liability company interests in HTGP GP with a value equal to 2[ ]% of the equity value of HTGP GP (the “HTGP Interest”), and MLP GP LP hereby accepts the HTGP Interest as a capital contribution from HIP LP. Notwithstanding any provision of the HTGP GP LLC Agreement to the contrary, MLP GP LP is hereby admitted to HTGP GP as a member of HTGP GP and hereby agrees that it is bound by the HTGP GP LLC Agreement. HIP LP hereby continues as a member of HTGP GP with respect to the portion of its limited liability company interest in HTGP GP not transferred to MLP GP LP.
Appears in 1 contract
Samples: Contribution, Conveyance and Assumption Agreement (Hess Midstream Partners LP)