Common use of Issuances of Additional Partnership Securities Clause in Contracts

Issuances of Additional Partnership Securities. (a) The Partnership may issue additional Partnership Securities and options, rights, warrants and appreciation rights relating to the Partnership Securities for any Partnership purpose at any time and from time to time to such Persons for such consideration and on such terms and conditions as the Board of Directors shall determine, all without the approval of any Limited Partners, but subject to the approval of the General Partner in the case where issuances of equity are not reasonably expected to be accretive to equity within twelve months of issuance or which would otherwise have a material adverse impact on the General Partner or the General Partner Interest.

Appears in 9 contracts

Samples: Agreement (Navios Maritime Containers Inc.), Agreement (Navios Maritime Containers L.P.), Navios Maritime Partners L.P.

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.