Additional LP Units definition
Examples of Additional LP Units in a sentence
The Contributing Parties hereby acknowledge receipt of the Cash Consideration and the Additional LP Units.
The Parties acknowledge that the Partnership has distributed the Cash Consideration, a portion of which is a reimbursement of Capital Expenditures, and issued the Additional LP Units to RRMH.
RRMH hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership, its successors and assigns, for its and their own use forever, all right, title and interest in and to the Subject Interest (with a portion of the Subject Interest equal to 2/98ths of the aggregate value of the Additional LP Units being conveyed on behalf of the General Partner), and the Partnership hereby accepts the Subject Interest from RRMH as a contribution by the Contributing Parties.
RRMH shall contribute the Subject Interest to the Partnership (a portion of the Subject Interest equal to 2/98ths of the aggregate value of the Common Units issued in the Partnership Common Unit Offering and the Additional LP Units being conveyed on behalf of the General Partner).
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.