Permanent Contribution. Subject to Section 4.6(a), if the Additional Contributing Partners elect under Section 4.6(a) to have the Additional Contribution treated as a permanent capital contribution, then each Additional Contributing Partner that funds a portion of the Additional Contribution shall have its Capital Account increased accordingly and the Partners’ Partnership Interests and Percentage Interests will be automatically adjusted to equal each Partner’s total Capital Contributions when expressed as a percentage of all Partners’ Capital Contributions.
Appears in 6 contracts
Samples: General Partnership Agreement (El Paso Pipeline Partners, L.P.), General Partnership Agreement (El Paso Pipeline Partners, L.P.), General Partnership Agreement (Southern Natural Gas Co)
Permanent Contribution. Subject to Section 4.6(a4.06(a), if the Additional Contributing Contribution Partners elect under Section 4.6(a4.06(a) to have the Additional Contribution treated as a permanent capital contribution, then each Additional Contributing Contribution Partner that funds a portion of the Additional Contribution shall have its Capital Account capital account increased accordingly and the Partners’ Partnership Interests and Percentage Interests Sharing Ratios will be automatically adjusted to equal each Partner’s total Capital Contributions when expressed as a percentage of all Partners’ Capital Contributions.
Appears in 3 contracts
Samples: Limited Partnership Agreement (New Jersey Resources Corp), General Partnership Agreement (Spectra Energy Partners, LP), General Partnership Agreement (Spectra Energy Partners, LP)
