Common use of Voting Control Clause in Contracts

Voting Control. On the Closing Date and each settlement date, after giving effect to the Transactions and except as otherwise provided in Mardi Gras’ Organizational Documents, the Partnership will have a managing member interest in Mardi Gras, which provides it with voting control of Mardi Gras’ 65.0% membership interest in Endymion, 56.0% membership interest in Caesar, 65.0% membership interest in Proteus and 53.0% membership interest in Cleopatra.

Appears in 2 contracts

Sources: Underwriting Agreement (BP Midstream Partners LP), Underwriting Agreement (BP Midstream Partners LP)

Voting Control. On the Closing Date and each settlement date, after giving effect to the Transactions and except as otherwise provided in Mardi Gras’ Organizational Documents, the Partnership will have a managing member interest in Mardi Gras, which provides it with voting control of Mardi Gras’ 65.0% membership interest in Endymion, 56.0% membership interest in Caesar, 65.0% membership interest in Proteus and 53.0% membership interest in Cleopatra▇▇▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Underwriting Agreement