Common use of Conversion of Subordinated Units Clause in Contracts

Conversion of Subordinated Units. (a) A total of 2,333,000 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 2005, in respect of which:

Appears in 6 contracts

Samples: Unit Purchase Agreement (Crosstex Energy Inc), Crosstex Energy Lp, Crosstex Energy Lp

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Conversion of Subordinated Units. (a) A total of 2,333,000 25% of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 20052007, in respect of which:

Appears in 4 contracts

Samples: Management and Operation of Business (Stonemor Partners Lp), Partnership Agreement (Stonemor Partners Lp), Partnership Agreement (Stonemor Partners Lp)

Conversion of Subordinated Units. (a) A total of 2,333,000 3,683,643 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December March 31, 20052008, in respect of which:

Appears in 3 contracts

Samples: Teekay LNG Partners L.P., Teekay LNG Partners L.P., Teekay LNG Partners L.P.

Conversion of Subordinated Units. (a) A total of 2,333,000 50% of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 20052007, in respect of which:

Appears in 3 contracts

Samples: Partnership Agreement (DCP Midstream, LP), DCP Midstream Partners, LP, DCP Midstream Partners, LP

Conversion of Subordinated Units. (a) A total of 2,333,000 1,912,470 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 20052004, in respect of which:

Appears in 3 contracts

Samples: Penn Virginia Resource Partners L P, Penn Virginia Resource Partners L P, Penn Virginia Resource Partners L P

Conversion of Subordinated Units. (a) A total of 2,333,000 850,672 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 2005, 2005 in respect of which:

Appears in 3 contracts

Samples: Martin Midstream Partners Lp, Martin Midstream Partners Lp, Martin Midstream Partners Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 2,838,415 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 2005, 2005 in respect of which:

Appears in 3 contracts

Samples: Contribution Agreement (Natural Resource Partners Lp), Natural Resource Partners Lp, Management And (Natural Resource Partners Lp)

Conversion of Subordinated Units. (a) A total of 2,333,000 All of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners Members pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 2005, in respect of which:

Appears in 2 contracts

Samples: Copano Energy, L.L.C., Copano Energy, L.L.C.

Conversion of Subordinated Units. (a) A total of 2,333,000 1,656,684 of the Outstanding outstanding Senior Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31June 30, 20052004, in respect of which:

Appears in 2 contracts

Samples: Inergy L P, Inergy L P

Conversion of Subordinated Units. (a) A total of 2,333,000 25% of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 20052008, in respect of which:

Appears in 2 contracts

Samples: Global Partners LP, Global Partners Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 25% of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 20052009, in respect of which:

Appears in 2 contracts

Samples: Universal Compression Partners, L.P., Exterran Partners, L.P.

Conversion of Subordinated Units. (a) A total of 2,333,000 2,845,910 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 20052004, in respect of which:

Appears in 2 contracts

Samples: Sunoco Logistics Partners L.P., Management And (Sunoco Logistics Partners Lp)

Conversion of Subordinated Units. (a) A total of 2,333,000 25% of the Outstanding Subordinated Units will convert automatically into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 20052010, in respect of which:

Appears in 2 contracts

Samples: Quest Energy Partners, L.P., Quest Energy Partners, L.P.

Conversion of Subordinated Units. (a) A total of 2,333,000 1,166,500 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 2005, in respect of which:

Appears in 1 contract

Samples: Crosstex Energy Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 50% of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 20052007, in respect of which:: Table of Contents

Appears in 1 contract

Samples: Partnership Agreement (DCP Midstream, LP)

Conversion of Subordinated Units. (a) A total of 2,333,000 1,200,000 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31June 30, 2005, in respect of which:

Appears in 1 contract

Samples: Markwest Energy Partners L P

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Conversion of Subordinated Units. (a) A total of 2,333,000 5,676,830 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 2005, 2005 in respect of which:

Appears in 1 contract

Samples: Natural Resource Partners Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 2,616,250 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31June 30, 2005, in respect of which:

Appears in 1 contract

Samples: Pacific Energy Partners Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 600,000 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31June 30, 2005, in respect of which:

Appears in 1 contract

Samples: Agreement (Markwest Energy Partners L P)

Conversion of Subordinated Units. (a) A total of 2,333,000 828,342 of the Outstanding outstanding Senior Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31June 30, 20052004, in respect of which:

Appears in 1 contract

Samples: Inergy L P

Conversion of Subordinated Units. (a) A total of 2,333,000 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 2005, in respect of which:: 42

Appears in 1 contract

Samples: Crosstex Energy Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 1,041,250 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 20052006, in respect of which:

Appears in 1 contract

Samples: K-Sea Transportation Partners Lp

Conversion of Subordinated Units. (a) A total of 2,333,000 25% of the Outstanding Subordinated Units will convert automatically into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31September 30, 20052009, in respect of which:

Appears in 1 contract

Samples: EV Energy Partners, LP

Conversion of Subordinated Units. (a) A total of 2,333,000 25% of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after on the second Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31June 30, 20052008, in respect of which:

Appears in 1 contract

Samples: TransMontaigne Partners L.P.

Conversion of Subordinated Units. (a) A total of 2,333,000 2,845,910 of the Outstanding Subordinated Units will convert into Common Units on a one-for-one basis immediately after the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter ending on or after December 31, 20052004, in respect of which:

Appears in 1 contract

Samples: Management And (Sunoco Logistics Partners Lp)

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