Unit Ownership. The Units purchased by a Participant on the Purchase Date shall, for all purposes, be deemed to have been issued or sold at the close of business on the Purchase Date. Prior to that time, none of the rights or privileges of a unitholder of HCLP shall inure to the Participant with respect to such Units.
Appears in 3 contracts
Sources: Enrollment Agreement (Hi-Crush Partners LP), Enrollment Agreement (Hi-Crush Partners LP), Unit Purchase Program Enrollment Agreement (Hi-Crush Partners LP)