Common use of Purchase or Sale of Partnership Interests Clause in Contracts

Purchase or Sale of Partnership Interests. Subject to Section 5.12(c)(iii) and Section 5.12(c)(iv), the General Partner may cause the Partnership to purchase or otherwise acquire Partnership Interests or Derivative Partnership Interests. As long as Partnership Interests are held by any Group Member, such Partnership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The General Partner or any Affiliate of the General Partner may also purchase or otherwise acquire and sell or otherwise dispose of Partnership Interests for its own account, subject to the provisions of Articles IV and X.

Appears in 1 contract

Samples: Summit Midstream Partners, LP

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Purchase or Sale of Partnership Interests. Subject to Section 5.12(c)(iii) and Section 5.12(c)(iv), the General Partner may cause the Partnership to purchase or otherwise acquire Partnership Interests or Derivative Partnership Interests. As long as Partnership Interests are held by any Group Member, such Partnership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The General Partner or any Affiliate of the General Partner may also purchase or otherwise acquire and sell or otherwise dispose of Partnership Interests for its own account, subject to the provisions of Articles IV and X.

Appears in 1 contract

Samples: Fourth (Summit Midstream Partners, LP)

Purchase or Sale of Partnership Interests. Subject to Section 5.12(c)(iii) and Section 5.12(c)(iv‎Section 5.11(b)(ii)(B)(6), the General Partner may cause the Partnership to purchase or otherwise acquire Partnership Interests or Derivative Partnership Interests. As long as Partnership Interests are held by any Group Member, such Partnership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The General Partner or any Affiliate of the General Partner may also purchase or otherwise acquire and sell or otherwise dispose of Partnership Interests for its own account, subject to the provisions of Articles ‎Article IV and ‎Article X.

Appears in 1 contract

Samples: Kimbell Royalty Partners, LP

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Purchase or Sale of Partnership Interests. Subject to Section 5.12(c)(iii5.12(f), Section 5.13(d) and Section 5.12(c)(iv5.14(d), the General Partner may cause the Partnership to purchase or otherwise acquire Partnership Interests or Derivative Partnership Interests. As long as Partnership Interests are held by any Group Member, such Partnership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein. The General Partner or any Affiliate of the General Partner may also purchase or otherwise acquire and sell or otherwise dispose of Partnership Interests for its own account, subject to the provisions of Articles Article IV and Article X.

Appears in 1 contract

Samples: Partnership Agreement (NGL Energy Partners LP)

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