Common use of Limited Partner Interests Clause in Contracts

Limited Partner Interests. The limited partners of the Partnership hold LP Units in the Partnership aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 24, 2009 and excluding the Units) (i) 46,183,997 publicly-traded LP Units (representing an approximate 95% limited partner interest), (ii) 2,108,349 LP Units (representing an approximate 4% limited partner interest) owned by Services Company (the “Service Company LP Units”), and (iii) 80,000 LP Units owned by BGH (the “BGH LP Units”); such LP Units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units in connection with the ESOP Notes.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

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Limited Partner Interests. The limited partners of the Partnership hold LP Units units in the Partnership aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 24June 13, 2009 and excluding the Units) (i) 46,183,997 2005, by 35,458,037 publicly-traded LP Units units (representing an approximate 9592.9% limited partner interest), (ii) 2,108,349 LP Units and 2,374,909 units (representing an approximate 46.2% limited partner interest) owned by Services Company (the “Service Company LP Units”), ) and 80,000 units (iiirepresenting an approximate 0.21% limited partner interest) 80,000 LP Units owned by BGH MainLine Sub (the “BGH MainLine Sub LP Units”); such LP Units units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units limited partner interests of the Partnership have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), ) and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units units in connection with the ESOP NotesNotes and the MainLine Sub LP Units are owned free and clear of any Liens.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

Limited Partner Interests. The limited partners of the Partnership hold LP Units in the Partnership aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 2414, 2009 2008 and excluding the Units) (i) 46,183,997 43,454,708 publicly-traded LP Units (representing an approximate 95% limited partner interest), (ii) 2,108,349 2,183,438 LP Units (representing an approximate 44.5% limited partner interest) owned by Services Company (the “Service Company LP Units”), and (iii) 80,000 LP Units owned by BGH (the “BGH LP Units”); such LP Units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units in connection with the ESOP Notes.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

Limited Partner Interests. The limited partners of the Partnership hold LP Units units representing limited partner interests in the Partnership (“LP Units”) aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 24August 6, 2009 and excluding the Units2009) (i) 46,183,997 49,226,398 publicly-traded LP Units (representing an approximate 95% limited partner interest)Units, (ii) 2,108,349 2,065,248 LP Units (representing an approximate 4% limited partner interest) owned by Services Company (the “Service Company LP Units”), and (iii) 80,000 LP Units owned by BGH (the “BGH LP Units”); such LP Units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units in connection with the ESOP Notes.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners, L.P.)

Limited Partner Interests. The limited partners of the Partnership hold LP Units units representing limited partnership interests in the Partnership (“LPUnits”) aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 24January 7, 2009 and excluding the Units2008) (i) 46,183,997 43,427,626 publicly-traded LP Units (representing an approximate 95% limited partner interest)Units, (ii) 2,108,349 2,210,520 LP Units (representing an approximate 4% limited partner interest) owned by Services Company (the “Service Company LP Units”), and (iii) 80,000 LP Units owned by BGH (the “BGH LP Units”); such LP Units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units in connection with the ESOP Notes.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

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Limited Partner Interests. The limited partners of the Partnership hold LP Units in the Partnership aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 24August 2, 2009 2007 and excluding the Units) (i) 46,183,997 38,915,745 publicly-traded LP Units (representing an approximate 9593.9% limited partner interest), (ii) 2,108,349 2,213,001 LP Units (representing an approximate 45.3% limited partner interest) owned by Services Company (the “Service Company LP Units”), and (iii) 80,000 LP Units owned by BGH (the “BGH LP Units”); such LP Units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units limited partner interests of the Partnership have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), ) and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units in connection with the ESOP Notes.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

Limited Partner Interests. The limited partners of the Partnership hold LP Units in the Partnership aggregating an approximate 99% limited partner interest in the Partnership, represented by (as of March 24November 27, 2009 2007 and excluding the Units) (i) 46,183,997 41,427,555 publicly-traded LP Units (representing an approximate 9594.2% limited partner interest), (ii) 2,108,349 2,210,591 LP Units (representing an approximate 45.0% limited partner interest) owned by Services Company (the “Service Company LP Units”), and (iii) 80,000 LP Units owned by BGH (the “BGH LP Units”); such LP Units are the only limited partner interests of the Partnership that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the agreement of limited partnership of the Partnership, as amended and restated to the date hereof (the “Partnership Agreement”), and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Section 17-607 of the DRULPA); and the Services Company LP Units are owned free and clear of any Liens, except for the pledge of such LP Units in connection with the ESOP Notes.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

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