Common use of Redemption of Partnership Interests of Ineligible Holders Clause in Contracts

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any information requested within 30 days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificate, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 7 contracts

Samples: Recapitalization Agreement (Kimbell Royalty Partners, LP), Kimbell Royalty Partners, LP, Kimbell Royalty Partners, LP

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Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner falsely certifies its status as an Eligible Taxable Holder or fails to furnish an Eligibility Certificate or any other information requested by the General Partner pursuant to Section 4.8 within 30 days (or of such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificaterequest, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 5 contracts

Samples: Idr Merger Agreement (Equitrans Midstream Corp), Convertible Preferred Unit Purchase Agreement (EQM Midstream Partners, LP), Idr Merger Agreement (EQM Midstream Partners, LP)

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any information requested within 30 days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificate, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 5 contracts

Samples: Partnership Interests Restructuring Agreement (Shell Midstream Partners, L.P.), www.lw.com, Shell Midstream Partners, L.P.

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner falsely certifies its status as an Eligible Taxable Holder or fails to furnish an Eligibility Certificate or any other information requested by the General Partner pursuant to Section 4.9 within 30 days (or of such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificaterequest, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 4 contracts

Samples: Agreement, EQT Midstream Partners, LP, Tallgrass Energy Partners, LP

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner (other than a Series B Preferred Unitholder) fails to furnish an Eligibility Certificate or any other information requested within 30 days (or such other the period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificatetime specified in Section 4.9, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner (other than a Series B Preferred Unitholder) is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 3 contracts

Samples: Agreement (MPLX Lp), Andx Merger Agreement (MPLX Lp), MPLX Lp

Redemption of Partnership Interests of Ineligible Holders. (ai) If at any time a Limited Partner or fails to furnish an Eligibility Certificate or any information requested within 30 days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificate, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 2 contracts

Samples: Exchange Agreement (Delek Logistics Partners, LP), Exchange Agreement (Delek US Holdings, Inc.)

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any information requested within 30 thirty (30) days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificate, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 2 contracts

Samples: Valero Energy Partners Lp, www.lw.com

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner or fails to furnish an Eligibility Certificate or any information requested within 30 thirty (30) days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificate, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 1 contract

Samples: Delek Logistics Partners, LP

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Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any other information requested within 30 thirty (30) days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility CertificateCertificate or such other information, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is not an Ineligible Eligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Eligible Holder or has transferred his, her or its Limited Partner his Partnership Interests to a Person who is not an Ineligible Eligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 1 contract

Samples: Rose Rock Midstream, L.P.

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate Certification or any other information requested within 30 days (the time period specified in Section 4.8(a) or such other period as the General Partner may determinein amendments adopted pursuant to Section 4.8(b) of receipt of or in a request from the General Partner to furnish an Eligibility CertificateTransfer Application, or if upon receipt of such Eligibility Certificate Certification, Transfer Application or such other information information, the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Eligible Holder and who furnishes an Eligibility Certificate Certification, Transfer Application or other information, as the case may be, to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 1 contract

Samples: QR Energy, LP

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner or fails to furnish an Eligibility Certificate or any information requested within 30 days (or such other period as the General Partner may determine) of receipt of a request from the General Partner to furnish an Eligibility Certificate, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 1 contract

Samples: Delek Logistics Partners, LP

Redemption of Partnership Interests of Ineligible Holders. (a) If at any time a Limited Partner (other than a Preferred Holder) fails to furnish an Eligibility Certificate or any other information requested within 30 days (or such other a reasonable period as the General Partner may determine) of receipt of a request from the General Partner time specified in amendments adopted pursuant to furnish an Eligibility CertificateSection 4.9, or if upon receipt of such Eligibility Certificate or such other information the General Partner determines, with the advice of counsel, that a Limited Partner (other than a Preferred Holder) is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his, her or its his Limited Partner Interests to a Person who is not an Ineligible Eligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

Appears in 1 contract

Samples: Andeavor Logistics Lp

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