Transfer of General Partner’s Partnership Interest. If a General Partner transfers its interest as a general partner of the MLP to any Person in accordance with the provisions of the MLP Agreement, such General Partner shall contemporaneously therewith transfer all, but not less than all, of its General Partner Interest herein to such Person, and the Limited Partners and Assignees, if any, hereby expressly consent to such transfer. Except as set forth in the immediately preceding sentence and in Section 5.2, a General Partner may not transfer all or any part of its Partnership Interest as a General Partner.
Appears in 5 contracts
Samples: Shamrock Logistics Lp, Alliance Resource Partners Lp, Alliance Resource Partners Lp
Transfer of General Partner’s Partnership Interest. If a the General Partner transfers its interest as a the general partner of the MLP to any Person in accordance with the provisions of the MLP Agreement, such the General Partner shall contemporaneously therewith transfer all, but not less than all, of its General Partner Interest herein to such Person, and the Limited Partners and Assignees, if any, hereby expressly consent to such transfer. Except as set forth in the immediately preceding sentence and in Section 5.2, a General Partner may not transfer all or any part of its Partnership Interest as a the General Partner.
Appears in 4 contracts
Samples: Plains All American Pipeline Lp, Plains All American Pipeline Lp, Tc Pipelines Lp
Transfer of General Partner’s Partnership Interest. (a) If a General Partner the general partner of the Investor Partnership transfers its partnership interest as a general partner of the MLP therein to any Person in accordance with the provisions of the MLP Investor Partnership Agreement, such the General Partner shall contemporaneously therewith transfer all, but not less than all, of its Partnership Interest as the General Partner Interest herein of the Partnership to such Person, and the Limited Partners and Assignees, if any, Partner hereby expressly consent consents to such transfer. Except as set forth in the immediately preceding sentence and in Section 5.210.2(b), a the General Partner may not transfer all or any part of its Partnership Interest as a General PartnerInterest.
Appears in 2 contracts
Samples: Teppco Partners Lp, Teppco Partners Lp
Transfer of General Partner’s Partnership Interest. If a the General Partner transfers its interest as a the general partner of the MLP to any Person in accordance with the provisions of the MLP Agreement, such the General Partner shall contemporaneously therewith transfer all, but not less than all, of its General Partner Interest herein to such Person, and the Limited Partners and Assignees, if any, hereby expressly consent to such transfer. Except as set forth in the immediately preceding sentence and in Section 5.2sentence, a General Partner may not transfer all or any part of its Partnership Interest as a the General Partner.
Appears in 1 contract
Samples: Agreement (Tc Pipelines Lp)
Transfer of General Partner’s Partnership Interest. If a the General Partner transfers its interest as a the general partner of the MLP to any Person in accordance with the provisions of the MLP Agreement, such the General Partner shall contemporaneously therewith transfer all, but not less than all, of its General Partner Interest herein to such Person, and the Limited Partners and Assignees, if any, hereby expressly consent to such transfer. Except as set forth in the immediately preceding sentence and in Section 5.25.1, a General Partner may not transfer all or any part of its Partnership Interest as a the General Partner.
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