Common use of Units Subject to Vesting Clause in Contracts

Units Subject to Vesting. (a) Subject to Section 8.02 or as otherwise agreed to in writing between the General Partner and the applicable Limited Partner and reflected in the books and records of the Partnership, the General Partner may issue Units that are subject to vesting on a schedule determined by the General Partner at the time such Units are issued and reflected in the books and records of the Partnership. The General Partner shall designate a Trigger Event with respect to each Unit issued that is subject to vesting, which shall be set forth in the books and records of the Partnership. All Units outstanding as of the date hereof are fully vested.

Units Subject to Vesting. (a) Subject to Section 8.02 or as otherwise agreed to in writing between the General Partner and the applicable Limited Partner and reflected in the books and records of the Partnership, the General Partner may issue Common Units that are subject to vesting on a schedule determined by the General Partner at the time such Common Units are issued and reflected in the books and records of the Partnership. The General Partner shall designate a Trigger Event with respect to each Unit issued that is subject to vesting, which shall be set forth in the books and records of the Partnership. All Common Units outstanding as of the date hereof are fully vested.