Ownership of Certain Partnership Interests in the Partnership Sample Clauses

Ownership of Certain Partnership Interests in the Partnership. The limited partners of the Partnership own 157,437,608 Common Units and 4,371,586 Series A Cumulative Convertible Preferred Units of the Partnership (“Series A Units”), which Series A Units are convertible into Common Units at an initial conversion price of $18.30 per unit, subject to adjustment. To the Partnership’s knowledge, ETE Acquirer and its affiliates own 26,266,791 Common Units (the “ETE Units”) and no Series A Units.
Sample 1See All (6)
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Ownership of Certain Partnership Interests in the Partnership. As of the date hereof, the limited partners of the Partnership own 210,598,760 common units of the Partnership (the “Common Units”), 1,912,569 Series A Cumulative Convertible Preferred Units (“Series A Units”), which Series A Units are convertible into Common Units at an initial conversion price of $18.30 per unit, subject to adjustment, and 6,274,483 Class F common units (“Class F Units”), which Class F Units are convertible into Common Units.
Sample 1
Ownership of Certain Partnership Interests in the Partnership. LP Holdings, is a limited partner of the Partnership with an approximate 93.0% limited partner interest in the Partnership and the MIU Executives are limited partners of the Partnership with an approximate combined 5.0% limited partner interest in the Partnership, with LP Holdings and the MIU Executives collectively owning a 98.0% limited partner interest in the Partnership prior to giving effect to the Offering (the “LP Interest”); such LP Interest has been duly authorized and validly issued in accordance with the Partnership Agreement, as in effect at the time of purchase, and LP Holdings and the MIU Executives own such limited partner interests free and clear of all Liens, other than Liens described in the Prospectus.
Sample 1
Ownership of Certain Partnership Interests in the Partnership. The limited partners of the Partnership own 145,843,942 Common Units and 4,371,586 Series A Cumulative Convertible Preferred Units of the Partnership (“Series A Units”), which Series A Units are convertible into Common Units at an initial conversion price of $18.30 per unit, subject to adjustment. To the knowledge of the Regency Parties, ETE Acquirer and its affiliates own 26,266,791 Common Units (the “ETE Units”) and no Series A Units.
Sample 1
Ownership of Certain Partnership Interests in the Partnership. The limited partners of the Partnership existing immediately prior to the Closing Date will own approximately 222,829,956 Partnership Common Units (the “Existing Units”), representing an approximate 99.7% limited partner interest in the Partnership.
Sample 1
Ownership of Certain Partnership Interests in the Partnership. The limited partners of the Partnership (including the General Partner to the extent it owns Common Units) existing immediately prior to the First Time of Delivery (as defined below) will own 12,781,552 Common Units and 1,420,000 management units (“Management Units”) representing limited partner interests in the Partnership (collectively, the “Existing Units”), representing 100% limited partner interest in the Partnership, which limited partner interests are owned free and clear of all Liens, other than Liens arising under the Credit and Guaranty Agreement dated as of December 17, 2004, among MainLine, MainLine Sub, various lenders and Xxxxxxx Xxxxx Credit Partners L.P. (the “Existing Credit Agreement”);
Sample 1
Ownership of Certain Partnership Interests in the Partnership. The limited partners of the Partnership (including the General Partner to the extent it owns Common Units) existing immediately prior to the First Time of Delivery (as defined below) will own 16,438,000 Common Units and 1,362,000 management units (“Management Units”) representing limited partner interests in the Partnership (collectively, the “Existing Units”), representing 100% limited partner interest in the Partnership, which limited partner interests are, to the knowledge of the Partnership after due inquiry, owned free and clear of all Liens;
Sample 1
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Related to Ownership of Certain Partnership Interests in the Partnership

  • Transfers of Partnership Interests Except as the Partners may otherwise agree from time to time, a Partner may not Transfer all or any part of its Partnership Interest without the Consent of each other Partner, which Consent may be withheld in the sole discretion of each such other Partner.

  • General Partnership Interest A number of Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units shall be deemed to be the General Partner Partnership Units and shall be the General Partnership Interest. All other Partnership Units held by the General Partner shall be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership.

  • Rights of Assignees of Partnership Interests (a) Subject to the provisions of Sections 9.1 and 9.2 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof.

  • Ownership of Membership Interests The Member shall own all of the membership interests in the Company and the Member shall have a 100% distributive share of the Company’s profits, losses and cash flow.

  • Transfer of Partnership Interests The foregoing power of attorney shall survive the delivery of an instrument of transfer by any Partner of the whole or any portion of or interest in its Partnership Interest, except that (i) where a Partner becomes a Former Partner, or (ii) where a Transferee of such Partnership Interest has been approved as a successor Partner and the Transferor shall thereupon cease being a Partner (all in accordance with this Agreement), then the power of attorney of the Former Partner or the Transferor Partner, as the case may be, shall survive the cessation of Partner status or the delivery of such instrument of transfer, as the case may be, for the sole purpose of enabling the attorneys-in-fact for such Former Partner or the Transferor Partner (or any of them) to execute, swear to, acknowledge and file any and all instruments necessary to effectuate or reflect such cessation, transfer and succession.

  • Right to Acquire Limited Partner Interests (a) Notwithstanding any other provision of this Agreement, if at any time the General Partner and its Affiliates hold more than 80% of the total Limited Partner Interests of any class then Outstanding, the General Partner shall then have the right, which right it may assign and transfer in whole or in part to the Partnership or any Affiliate of the General Partner, exercisable in its sole discretion, to purchase all, but not less than all, of such Limited Partner Interests of such class then Outstanding held by Persons other than the General Partner and its Affiliates, at the greater of (x) the Current Market Price as of the date three days prior to the date that the notice described in Section 15.1(b) is mailed and (y) the highest price paid by the General Partner or any of its Affiliates for any such Limited Partner Interest of such class purchased during the 90-day period preceding the date that the notice described in Section 15.1(b) is mailed.

  • Additional Partnership Interests If the Partnership issues Partnership Interests in accordance with Section 4.2 or 4.3, the distribution priorities set forth in Section 5.1 shall be amended, as necessary, to reflect the distribution priority of such Partnership Interests and corresponding amendments shall be made to the provisions of Exhibit B.

  • Redemption of Partnership Interests of Non-citizen Assignees (a) If at any time a Limited Partner or Assignee fails to furnish a Citizenship Certification or other information requested within the 30-day period specified in Section 4.9(a), or if upon receipt of such Citizenship Certification or other information the General Partner determines, with the advice of counsel, that a Limited Partner or Assignee is not an Eligible Citizen, the Partnership may, unless the Limited Partner or Assignee establishes to the satisfaction of the General Partner that such Limited Partner or Assignee is an Eligible Citizen or has transferred his Partnership Interests to a Person who is an Eligible Citizen and who furnishes a Citizenship Certification to the General Partner prior to the date fixed for redemption as provided below, redeem the Partnership Interest of such Limited Partner or Assignee as follows:

  • Partnership and Limited Liability Company Interests Except as previously disclosed to the Administrative Agent, none of the Collateral consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset.

  • Partnership Interest Except as provided in this Agreement and the Transferor Partnership Agreement, no right (contingent or otherwise) to purchase or acquire the Transferor Partnership Interests held by such Transferor Partner is authorized or outstanding. Except as disclosed on Schedule 5.34, such Transferor Partner owns and holds the Transferor Partnership Interests set forth opposite its name on Schedule I beneficially and of record free and clear of any liens, pledges and encumbrances of any kind whatsoever and free of any rights of assignment of any third party. Prior to the Closing, all liens disclosed on Schedule 5.34 will be paid in full. Upon the Closing, good, valid, marketable, and indefeasible title to such Transferor Partnership Interests shall be vested in the BRI Partnership free and clear of any lien, claim, charge, pledge, encumbrance, limitation, agreement or instrument whatsoever. The provisions of this Section 5.34 shall survive the Closing indefinitely.

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