Common use of Organizational Contributions; Contributions by the General Partner and its Affiliates Clause in Contracts

Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the Partnership. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were redeemed as provided in the Contribution Agreement and the initial Capital Contributions of the Organizational Limited Partner were refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was allocated and distributed to the Organizational Limited Partner.

Appears in 2 contracts

Samples: Agreement (Dominion Energy Midstream Partners, LP), Agreement (Dominion Midstream Partners, LP)

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Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the Partnership. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were will be redeemed as provided in the Contribution Agreement and the initial Capital Contributions Contribution of the Organizational Limited Partner were will be refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was Contribution will be allocated and distributed to the Organizational Limited Partner.

Appears in 1 contract

Samples: Oasis Midstream Partners LP

Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the Partnership. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were will be redeemed as provided in the Contribution Agreement and the initial Capital Contributions of the Organizational Limited Partner were will be refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was will be allocated and distributed to the Organizational Limited Partner.

Appears in 1 contract

Samples: Rice Midstream Partners LP

Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the Partnership. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash 100 in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were BP MIDSTREAM PARTNERS LP AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP will be redeemed as provided in the Contribution Agreement and the initial Capital Contributions Contribution of the Organizational Limited Partner were will be refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was will be allocated and distributed to the Organizational Limited Partner.

Appears in 1 contract

Samples: Agreement (BP Midstream Partners LP)

Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the Partnership. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash 100 in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were will be redeemed as provided in the Contribution Agreement and the initial Capital Contributions Contribution of the Organizational Limited Partner were will be refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was will be allocated and distributed to the Organizational Limited Partner.

Appears in 1 contract

Samples: Agreement (BP Midstream Partners LP)

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Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the Partnership. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were will be redeemed as provided in the Contribution Agreement and the initial Capital Contributions of the Organizational Limited Partner were will be refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was will be allocated and distributed to the Organizational Limited Partner.

Appears in 1 contract

Samples: Dominion Midstream Partners, LP

Organizational Contributions; Contributions by the General Partner and its Affiliates. (a) In connection with the formation of the Partnership under the Delaware Act, the General Partner has been admitted as the General Partner of the PartnershipPartnership and received the right to receive Incentive Distribution Rights. The Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $1,000.00 in the form of a receivable to be settled in cash in exchange for a Limited Partner Interest equal to a 100% Percentage Interest and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, and effective with the admission of another Limited Partner to the Partnership, the interests of the Organizational Limited Partner were will be redeemed as provided in the Contribution Agreement and the initial Capital Contributions of the Organizational Limited Partner were will be refunded. One-hundred percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions was will be allocated and distributed to the Organizational Limited Partner.

Appears in 1 contract

Samples: Agreement (Arc Logistics Partners LP)

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