Common use of Limited Preemptive Right Clause in Contracts

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 40 contracts

Samples: Omnibus Agreement (Magellan Midstream Partners Lp), Omnibus Agreement (Magellan Midstream Holdings Lp), Agreement (Plains All American Pipeline Lp)

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Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 27 contracts

Samples: Agreement (Quicksilver Gas Services LP), Contribution Agreement and Agreement (Anadarko Petroleum Corp), Definitions (Boardwalk Pipeline Partners, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.8 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 22 contracts

Samples: Agreement (Hi-Crush Partners LP), Agreement (Inergy Midstream, L.P.), Andx Merger Agreement (MPLX Lp)

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.25.2(b), no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 19 contracts

Samples: Dissolution and Liquidation (Williams Partners L.P.), Dissolution and Liquidation (Williams Partners L.P.), Teekay Offshore Partners L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.7 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 14 contracts

Samples: Agreement, First (EQT GP Holdings, LP), Management Services Agreement (Nextera Energy Partners, Lp)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.9, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 11 contracts

Samples: Equity Restructuring Agreement (Holly Energy Partners Lp), Defined Terms (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise GP Holdings L.P.)

Limited Preemptive Right. (a) Except as provided in this Section 5.9 and in Section 5.25.7, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 10 contracts

Samples: Exchange Agreement (Golar LNG Partners LP), Agreement (GasLog Partners LP), www.lw.com

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.25.2 and Section 5.11 or as otherwise provided in a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 10 contracts

Samples: Southcross Energy Partners, L.P., Southcross Energy Partners, L.P., Summit Midstream Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.2(b), no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 8 contracts

Samples: Navios Maritime Partners L.P., Navios Maritime Partners L.P., U.S. Shipping Partners L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to any or all of those Percentage Interests that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 7 contracts

Samples: Agreement (Oxford Resource Partners LP), Agreement (Spectra Energy Partners, LP), Spectra Energy Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 5.5 and in Section 5.25.1, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 6 contracts

Samples: Operating Agreement (EnLink Midstream, LLC), Convertible Preferred Unit Purchase Agreement (EnLink Midstream Partners, LP), Operating Agreement (EnLink Midstream Partners, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.25.2 and Section 5.11 or as otherwise provided in a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, up to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 6 contracts

Samples: Shell Midstream Partners, L.P., www.lw.com, Valero Energy Partners Lp

Limited Preemptive Right. Except as provided in Section 5.2, this Section 5.9 5.8 and in Section 5.25.12(b)(vii), no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its AffiliatesAffiliates (including in connection with any issuances subject to Section 5.12(b)(vii)), to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to any or all of those Percentage Interests that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 5 contracts

Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.), Agreement, Fourth (Cheniere Energy Partners, L.P.)

Limited Preemptive Right. Except as provided in this Section 5.9 5.12 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 5 contracts

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

Limited Preemptive Right. Except as provided in this Section 5.9 5.7 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 5 contracts

Samples: Agreement, Abraxas Petroleum Corp, Natural Resource Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.2(b), no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the rightright (but not obligation), which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 5 contracts

Samples: Tc Pipelines Lp, Tc Pipelines Lp, Tc Pipelines Lp

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 5 contracts

Samples: Quest Energy Partners, L.P., Targa Resources Partners LP, Quest Energy Partners, L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.25.2 and Section 5.11, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 5 contracts

Samples: Tesoro Logistics Lp, Tesoro Logistics Lp, Tesoro Corp /New/

Limited Preemptive Right. Except as provided in this Section 5.9 5.7 and in Section 5.25.1, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 4 contracts

Samples: NuStar Energy L.P., NuStar Energy L.P., NuStar Energy L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Fully-Diluted Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: Global Transaction Agreement (Blueknight Energy Partners, L.P.), Blueknight Energy Partners, L.P., Blueknight Energy Partners, L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner Partners shall have the right, which it they may from time to time assign in whole or in part to any of its their Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner Partners and its their Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner Partners and its their Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: Alliance Resource Partners Lp, Alliance Resource Partners Lp, Alliance Resource Partners Lp

Limited Preemptive Right. Except as provided in Section 5.6 and in this Section 5.9 and in Section 5.25.9, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities. The General Partner shall be deemed to have waived this right with respect to any issuance of a particular Partnership Security in the event that the General Partner has not exercised this right prior to the issuance of such Partnership Security.

Appears in 3 contracts

Samples: Energy Transfer LP, Energy Transfer LP, Energy Transfer Equity, L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.8 or as otherwise provided in Section 5.2a separate agreement entered into by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 3 contracts

Samples: Partnership Interests Exchange Agreement (Western Midstream Partners, LP), Exchange Agreement (Western Midstream Partners, LP), Agreement (Western Gas Equity Partners, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 5.7, in Section 5.2 and in Section 5.25.10, or under the terms of the 2017 Warrants, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: Agreement, Preferred Unit Purchase Agreement (Natural Resource Partners Lp), Preferred Unit Purchase Agreement

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.5, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: EnLink Midstream, LLC, EnLink Midstream, LLC, EnLink Midstream Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.6 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner and its Affiliates shall have the right, which it they may from time to time assign in whole or in part to any of its their Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Agreement and Plan of Merger, Limited Liability Company Agreement (Williams Companies Inc)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The Non-Managing General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the Non-Managing General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the Non-Managing General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: Inergy L P, Inergy L P, Inergy L P

Limited Preemptive Right. Except as provided in this Section 5.9 5.10 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: Martin Midstream Partners Lp, Crosstex Energy Lp, Martin Midstream Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.6 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 3 contracts

Samples: Partnership Agreement (CrossAmerica Partners LP), NextEra Energy Partners, LP, NextEra Energy Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to any or all of those Percentage Interests that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 3 contracts

Samples: Agreement (Westmoreland Resource Partners, LP), Contribution Agreement (WESTMORELAND COAL Co), Agreement

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.5, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to any or all of those Percentage Interests that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 3 contracts

Samples: Agreement (Spectra Energy Partners, LP), Equity Restructuring Agreement (Spectra Energy Partners, LP), www.spectraenergypartners.com

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.8 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, up to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 3 contracts

Samples: Partnership Interests Restructuring Agreement (Shell Midstream Partners, L.P.), Shell Midstream Partners, L.P., Delek Logistics Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.6 or as otherwise provided in Section 5.2a separate agreement by the Company, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityCompany Interest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Company Interests from the Partnership Company whenever, and on the same terms that, the Partnership Company issues Partnership Securities Company Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesCompany Interests.

Appears in 2 contracts

Samples: Transaction Agreement (Hess Midstream Partners LP), Agreement (Hess Midstream LP)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.8, no Person shall have any preemptive, preferential preferential, or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury treasury, or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 2 contracts

Samples: Partnership Agreement (DCP Midstream, LP), Equity Restructuring Agreement (DCP Midstream, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.6, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 2 contracts

Samples: Agreement, VTTI Energy Partners LP

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.. Western Midstream Operating, LP Third Amended and Restated Agreement of Limited Partnership

Appears in 2 contracts

Samples: Western Midstream Operating, LP, Western Midstream Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 and ‎Section 5.8 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, up to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 2 contracts

Samples: Exchange Agreement (Delek Logistics Partners, LP), Exchange Agreement (Delek US Holdings, Inc.)

Limited Preemptive Right. Except as provided in this Section 5.9 5.5 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests (other than the General Partner Interest) of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 2 contracts

Samples: DCP Midstream Partners, LP, DCP Midstream Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 5.11 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 2 contracts

Samples: Crosstex Energy Lp, Registration Rights Agreement (Crosstex Energy Lp)

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.6 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, up to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 2 contracts

Samples: Mach Natural Resources Lp, TXO Energy Partners, L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.5 or as otherwise provided in Section 5.2a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 2 contracts

Samples: NextEra Energy Partners, LP, www.lw.com

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Limited Preemptive Right. Except as provided in this Section 5.9 5.6 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 2 contracts

Samples: Central Energy Partners Lp, Central Energy Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.9, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.Securities.‌

Appears in 2 contracts

Samples: Agreement, Agreement

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests (other than the General Partner Interest) of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 2 contracts

Samples: Article Xiv Merger (Enterprise GP Holdings L.P.), Enterprise GP Holdings L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 5.7 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and ENCORE ENERGY PARTNERS LP SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP 38 its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 2 contracts

Samples: Underwriting Agreement (Encore Acquisition Co), Underwriting Agreement (Encore Energy Partners LP)

Limited Preemptive Right. Except as provided in this Section 5.9 5.6, in Section 5.2 and in Section 5.2the Investors’ Rights Agreement, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its AffiliatesAffiliates or to the EnCap Partnerships, to the extent necessary to maintain the Percentage Interests (other than the General Partner Interest) of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 1 contract

Samples: EV Energy Partners, LP

Limited Preemptive Right. Except as provided in this -------------------------- Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Penn Octane Corp

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The Managing General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner Partners and its their Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner Partners and its their Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Cornerstone Propane Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 and 5.9, in Section 5.25.2 and the Series A Purchase Agreement, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Partnership Agreement (Stonemor Partners Lp)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Quest Resource Corp)

Limited Preemptive Right. Except as provided in Section 5.3 and in this Section 5.9 and in Section 5.25.5, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities. The General Partner shall be deemed to have waived this right with respect to any issuance of a particular Partnership Security in the event that the General Partner has not exercised this right prior to the issuance of such Partnership Security.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southern Union Co)

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 1 contract

Samples: Paa Natural Gas Storage Lp

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.. Western Gas Partners, LP First Amended and Restated Agreement of Limited Partnership

Appears in 1 contract

Samples: Western Gas Partners LP

Limited Preemptive Right. Except as provided in this Section 5.9 5.7 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Energy Transfer Partners, L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no No Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Alliance Resource Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential preferential, or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury treasury, or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Partnership Agreement (DCP Midstream, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the NATURAL RESOURCE PARTNERS L.P. SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP 44 Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Natural Resource Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The Managing General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner Partners and its their Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner Partners and its their Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.. 48 109

Appears in 1 contract

Samples: Cornerstone Propane Partners Lp

Limited Preemptive Right. Except as provided in this Section 5.9 5.7 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner Partner, Yorktown and its their respective Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Armstrong Resource Partners, L.P.

Limited Preemptive Right. Except as provided in Section 5.1 and this Section 5.9 and in Section 5.25.5, no Person shall have any preemptive, preferential preferential, or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury treasury, or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests (other than the General Partner Interest) of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 1 contract

Samples: Joinder Agreement (DCP Midstream, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 5.6, in Section 5.2 and in Section 5.2the Investors' Rights Agreement, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership SecurityInterest, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities Interests to Persons other than the General Partner and its AffiliatesAffiliates or to the EnCap Partnerships, to the extent necessary to maintain the Percentage Interests (other than the General Partner Interest) of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership SecuritiesInterests.

Appears in 1 contract

Samples: EV Energy Partners, LP

Limited Preemptive Right. Except as provided in this Section 5.9 5.08 and in Section 5.25.02(c), no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: OSG America L.P.

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.6, no Person shall have any preemptive, preferential preferential, or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury treasury, or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Joinder Agreement (DCP Midstream, LP)

Limited Preemptive Right. Except as provided in this Section 5.9 5.8 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: www.dcpmidstream.com

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The Operating General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the Operating General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the Operating General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Agreement (Genesis Energy Lp)

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.25.8, no Person shall have any preemptive, preferential preferential, or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury treasury, or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: www.dcpmidstream.com

Limited Preemptive Right. Except as provided in this Section 5.9 5.7 and in Section 5.25.2(b), no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.

Appears in 1 contract

Samples: Navios Maritime Midstream Partners LP

Limited Preemptive Right. Except as provided in this Section 5.9 and in Section 5.2, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Security, whether unissued, held in the treasury or hereafter created. The General Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Securities from the Partnership whenever, and on the same terms that, the Partnership issues Partnership Securities to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such Partnership Securities.. Section 5.10

Appears in 1 contract

Samples: Agreement (U S Timberlands Co Lp)

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