Voting of Incentive Distribution Rights. (a) For so long as a majority of the Incentive Distribution Rights are held by the General Partner and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership matter except as may otherwise be required by law and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have approved any matter approved by the General Partner.
Appears in 47 contracts
Samples: Agreement, Agreement (Dominion Energy Midstream Partners, LP), Agreement (BP Midstream Partners LP)
Voting of Incentive Distribution Rights. (a) For so long as a majority of the Incentive Distribution Rights are held by the General Partner and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership matter except as may otherwise be required by law law, and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have approved any matter approved by the General Partner.
Appears in 7 contracts
Samples: EQM Midstream Partners, LP, www.lw.com, OCI Resources LP
Voting of Incentive Distribution Rights. (a) For so long as a majority of the Incentive Distribution Rights are held by the General Partner Transocean Member and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership Company matter except as may otherwise be required by law and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have approved any matter approved by the General PartnerTransocean Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Transocean Partners LLC)
Voting of Incentive Distribution Rights. (a) For so long as a majority of the Incentive Distribution Rights are held by the General Partner Manager and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership Company matter except as may otherwise be required by Section 11.2 or law and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have otherwise approved any matter approved by the General PartnerManager.
Appears in 1 contract
Samples: Operating Agreement (Niska Gas Storage Partners LLC)
Voting of Incentive Distribution Rights. (a) For so long as a majority of the Incentive Distribution Rights are held by the General Partner and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership matter except as may otherwise be required by law and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have approved any matter approved by the General Partner.. WESTERN REFINING LOGISTICS, LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
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Voting of Incentive Distribution Rights. (a) For so long as a majority of the Incentive Distribution Rights are held by the General Partner Manager and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership Company matter except as may otherwise be required by law and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have approved any matter approved by the General PartnerManager.
Appears in 1 contract
Samples: Operating Agreement (Niska Gas Storage Partners LLC)
Voting of Incentive Distribution Rights. (a) For a)For so long as a majority of the Incentive Distribution Rights are held by the General Partner and its Affiliates, the holders of the Incentive Distribution Rights shall not be entitled to vote such Incentive Distribution Rights on any Partnership matter except as may otherwise be required by law and the holders of the Incentive Distribution Rights, in their capacity as such, shall be deemed to have approved any matter approved by the General Partner.
Appears in 1 contract
Samples: Sanchez Production Partners LP