Additional GP Units definition
Examples of Additional GP Units in a sentence
The General Partner acknowledges receipt of the Additional GP Units.
The Parties acknowledge that the Partnership has issued the Additional GP Units to the General Partner.
The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the Additional GP Interest in consideration for a contribution to the Partnership on behalf of the General Partner of a portion of the Subject Interest corresponding to the Additional GP Units.
The issuance of the New IDRs, the Initial GP Additional Common Units, the Initial Additional GP Units and the Initial Golar Additional Common Units shall occur simultaneously with the contribution and cancellation of the Old IDRs.
For the avoidance of doubt, the Parties acknowledge and agree that the Additional LP Units and the Additional GP Units shall not be entitled to any distributions made by the Partnership after the Closing Date that are attributable to any periods prior to the Closing Date.