Common use of Description of Units Clause in Contracts

Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent and/or principal, the Partnership’s common units representing limited partner interests (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager as an agent of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 hereof.

Appears in 1 contract

Samples: Terms Agreement (Regency Energy Partners LP)

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Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent agents and/or principalprincipals, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 75,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager the Managers as an agent exclusive agents of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a any Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 19 hereof.

Appears in 1 contract

Samples: Terms Agreement (Natural Resource Partners Lp)

Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent and/or principal, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), ) having an aggregate gross sales price to the public of up not to exceed $400,000,000 1,000,000,000 (the “Units”), ) from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager as an agent of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 hereof.

Appears in 1 contract

Samples: Terms Agreement (Regency Energy Partners LP)

Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent agents and/or principal, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 300,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager the Managers as an agent exclusive agents of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 18 hereof.

Appears in 1 contract

Samples: Shell Midstream Partners, L.P.

Description of Units. The Partnership proposes to issue and sell through or to the ManagersManager, each as a sales agent and/or principal, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 300,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagersManager, the Partnership hereby appoints each the Manager as an exclusive agent of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and each the Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to a the Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 18 hereof.

Appears in 1 contract

Samples: ONEOK Partners LP

Description of Units. The Partnership proposes to issue and sell through or to the ManagersManager, each as a sales agent and/or principal, the Partnership’s common units representing limited partner interests (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 200,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the ManagersManager, the Partnership hereby appoints each the Manager as an exclusive agent of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each the Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a the Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 18 hereof.

Appears in 1 contract

Samples: Terms Agreement (Regency Energy Partners LP)

Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent and/or principal, the Partnership’s common units representing limited partner interests (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 100,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager as an agent of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 hereof.

Appears in 1 contract

Samples: Equity Distribution Agreement (Enviva Partners, LP)

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Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent agents and/or principalprincipals, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 350,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager the Managers as an agent exclusive agents of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 18 hereof.

Appears in 1 contract

Samples: Terms Agreement (Valero Energy Partners Lp)

Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent agents and/or principalprincipals, the Partnership’s common units representing limited partner interests (the “Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 125,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager the Managers as an agent exclusive agents of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a any Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 19 hereof.

Appears in 1 contract

Samples: Terms Agreement (Western Gas Partners LP)

Description of Units. The Partnership proposes to issue and sell through or to the Managers, each as a sales agent agents and/or principalprincipals, the Partnership’s common units representing limited partner interests in the Partnership (the “Common Units”), having an aggregate gross sales price to the public of up to $400,000,000 150,000,000 (the “Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Units through the Managers, the Partnership hereby appoints each Manager the Managers as an agent exclusive agents of the Partnership for the purpose of soliciting purchases of the Units from the Partnership pursuant to this Agreement and each Manager agrees to use its commercially reasonable efforts to solicit purchases of the Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Units directly to a any Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 20 hereof. As used herein, the Partnership Parties and the Operating Subsidiaries (as defined below) are referred to collectively herein as the “Partnership Entities.

Appears in 1 contract

Samples: Equity Distribution Agreement (Summit Midstream Partners, LP)

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