Common use of Surrender of Certificates Clause in Contracts

Surrender of Certificates. Upon receipt of the Conversion Approval in accordance with Section 5.11(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i), the General Partner shall give the holders of the Class B Units prompt notice of such Conversion Approval or change in rules and, subject to the requirements of Section 6.7(d), each holder of Class B Units shall promptly surrender the Class B Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i), the date of the effectiveness of such rule change (the “Conversion Effective Date”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 9 contracts

Samples: Purchase and Sale Agreement (Williams Partners L.P.), Williams Partners L.P., Williams Partners L.P.

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Surrender of Certificates. Upon receipt of the Conversion Approval in accordance with Section 5.11(f5.12(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i5.12(i), the General Partner shall give the holders of the Class B Units prompt notice of such Conversion Approval or change in rules and, subject to the requirements of Section 6.7(d6.7(c), each holder of Class B Units shall promptly surrender the Class B Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B UnitsPartner. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i5.12(i), the date of the effectiveness of such rule change (the “Conversion Effective Date”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 3 contracts

Samples: Contribution Agreement (Natural Resource Partners Lp), Natural Resource Partners Lp, Natural Resource Partners Lp

Surrender of Certificates. Upon receipt of the Conversion Approval in accordance with Section 5.11(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i), the General Partner shall give the holders of the Class B Units prompt notice of such Conversion Approval or change in rules and, subject to the requirements of Section 6.7(d), each holder of Class B Units shall promptly surrender the Class B Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i), the date of the effectiveness of such rule change (the Conversion Effective DateDate ”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 2 contracts

Samples: Dissolution and Liquidation (Williams Partners L.P.), Dissolution and Liquidation (Williams Partners L.P.)

Surrender of Certificates. Upon receipt of the Conversion Approval in accordance with Section 5.11(f5.12(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i5.12(i), the General Partner shall give the holders of the Class B C Units prompt notice of such Conversion Approval or change in rules and, subject to the requirements of Section 6.7(d)6.5, each holder of Class B C Units shall promptly surrender the Class B C Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B C Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B C Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the third calendar day following the Conversion Approval Date or, in the case of Section 5.11(i5.12(i), the date of the effectiveness of such rule change (the “Conversion Effective Date”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 2 contracts

Samples: ir.energytransfer.com, Energy Transfer Equity, L.P.

Surrender of Certificates. Upon receipt of the Class C Conversion Approval in accordance with Section 5.11(f5.14(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i5.14(h), the General Partner shall give the holders of the Class B C Units prompt notice of such Class C Conversion Approval or change in rules andrules. Subject to receipt of the Class C Conversion Approval or such change in rules, and subject to the requirements of Section 6.7(d)6.4, on or after February 1, 2009, each holder of Class B C Units shall promptly surrender the Class B C Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B C Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B C Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the Conversion Approval Date orFebruary 1, in the case of Section 5.11(i), the date of the effectiveness of such rule change 2009 (the “Class C Conversion Effective Date”)) whether or not the Class C Units certificate has been surrendered as of such date, and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 1 contract

Samples: Enterprise GP Holdings L.P.

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Surrender of Certificates. Upon receipt of the Conversion Approval in accordance with Section 5.11(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i), the General Partner shall give the holders of the Class B Units prompt notice of such Conversion Approval or change in rules and, subject to the requirements of Section 6.7(d)6.10, each holder of Class B Units shall promptly surrender the Class B Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i), the date of the effectiveness of such rule change (the “Conversion Effective Date”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 1 contract

Samples: Global Partners Lp

Surrender of Certificates. Upon receipt of the Class B Conversion Approval in accordance with Section 5.11(f5.13(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i5.13(h), the General Partner shall give the holders of the Class B Units prompt notice of such Class B Conversion Approval or change in rules andrules. Subject to receipt of the Class B Conversion Approval or such change in rules, and subject to the requirements of Section 6.7(d)6.4, each holder of Class B Units shall promptly surrender the Class B Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the Conversion Approval Date or, in the case of Section 5.11(i), the date of the effectiveness of such rule change Class B Conversion Approval (the “Class B Conversion Effective Date”)) whether or not the Class B Unit certificate has been surrendered as of such date, and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 1 contract

Samples: Enterprise GP Holdings L.P.

Surrender of Certificates. Upon receipt of the Conversion Approval in accordance with Section 5.11(f5.12(f) or a change in rules of the National Securities Exchange as described in Section 5.11(i5.12(i), the General Partner shall give the holders of the Class B C Units prompt notice of such Conversion Approval or change in rules and, subject to the requirements of Section 6.7(d)6.5, each holder of Class B C Units shall promptly surrender the Class B C Unit Certificates therefor, duly endorsed, at the office of the General Partner or of any transfer agent for the Class B C Units. In the case of any such conversion, the Partnership shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Class B C Units one or more Common Unit Certificates, registered in the name of such holder, for the number of Common Units to which such holder shall be entitled. Such conversion shall be deemed to have been made as of the third calendar day following the Conversion Approval Date or, in the case of Section 5.11(i5.12(i), the date of the effectiveness of such rule change (the Conversion Effective DateDate ”), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

Appears in 1 contract

Samples: Energy Transfer LP

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