Common use of Redemption of Holdings’ Initial Limited Partner Interests Clause in Contracts

Redemption of Holdings’ Initial Limited Partner Interests. For and in consideration of the payment by the Partnership of $1,000 to Holding as a refund of the Initial Capital Contribution to the Partnership, along with 100% of any interest or profit that resulted from the investment or other use of such Initial Capital Contribution, the Partnership hereby redeems all of the Initial Limited Partner Interests of Holding.

Appears in 3 contracts

Samples: Contribution and Conveyance Agreement, Contribution and Conveyance Agreement (PBF Logistics LP), Contribution and Conveyance Agreement (PBF Logistics LP)

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Redemption of Holdings’ Initial Limited Partner Interests. For and in consideration of the payment by the Partnership of $1,000 980 to Holding Holdings as a refund of the Initial Capital Contribution their initial capital contribution to the Partnership, along with 10098.0% of any interest or profit that resulted from the investment or other use of such Initial Capital Contributioncapital contribution, the Partnership hereby redeems all of the Initial Limited Partner Interests initial limited partner interests of HoldingHoldings.

Appears in 2 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Southcross Energy Partners, L.P.), Contribution, Conveyance and Assumption Agreement (Southcross Energy Partners, L.P.)

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