Common use of Partnership Agreement Clause in Contracts

Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 32 contracts

Samples: Employee Phantom Unit Agreement (USA Compression Partners, LP), Retention Phantom Unit Agreement (USA Compression Partners, LP), Letter Regarding Phantom Unit Award Under (CNX Midstream Partners LP)

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Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the terms of the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 11 contracts

Samples: Performance Phantom Unit Agreement (Andeavor Logistics Lp), Performance Phantom Unit Agreement (Tesoro Logistics Lp), Phantom Unit Award Agreement (MPLX Lp)

Partnership Agreement. Units issued upon payment of the Phantom Units under the Award shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 5 contracts

Samples: Ltip Grant Award Agreement (Summit Midstream Partners, LP), Ltip Grant Award Agreement (Summit Midstream Partners, LP), 2020 Ltip Grant Award Agreement (Summit Midstream Partners, LP)

Partnership Agreement. Units issued upon payment of the Vested Equity-Settled Phantom Units shall be subject to the terms of the Plan Program and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 2 contracts

Samples: Phantom Unit Agreement (Mid-Con Energy Partners, LP), Phantom Unit Agreement (Mid-Con Energy Partners, LP)

Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the terms of the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (ia) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (iib) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 2 contracts

Samples: Time Vesting Agreement (Emerge Energy Services LP), Performance Vesting Agreement (Emerge Energy Services LP)

Partnership Agreement. Units issued upon payment of the Phantom Units under the Award shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement. 12.

Appears in 1 contract

Samples: Summit Midstream Partners, LP

Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the terms of the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his DC\1432231.6 or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 1 contract

Samples: Performance Phantom Unit Agreement (Tesoro Logistics Lp)

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Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan Program and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 1 contract

Samples: Agreement (Mid-Con Energy Partners, LP)

Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, bound by the terms of the Partnership AgreementAgreement applicable to holders of the Partnership’s Units.

Appears in 1 contract

Samples: Phantom Unit Award Agreement (America First Multifamily Investors, L.P.)

Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan Program and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as {1992824;3} 3 of 6 defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 1 contract

Samples: Mid-Con Energy Partners, LP

Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

Appears in 1 contract

Samples: USA Compression Partners, LP

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