New GP Units definition
Examples of New GP Units in a sentence
The New Common Units and the New GP Units being issued at Closing will be, when issued in consideration for the contribution by the P66 Parties of the Contributed Interests, duly authorized, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in the Partnership’s limited partnership agreement).
The New Common Units and the New GP Units being issued at Closing will be, when issued in consideration for the contribution by Contributing Parties of the Contributed Interests, duly authorized, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in the Partnership’s limited partnership agreement).
The New Common Units and the New GP Units being issued at Closing will be, when issued in consideration for the contribution by PDI of the Contributed Interests, duly authorized, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in the Partnership’s limited partnership agreement).
The New Common Units and the New GP Units being issued at Closing will be, when issued in consideration for the contribution by P66 Company of the Contributed Assets, duly authorized, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in the Partnership’s limited partnership agreement).
Additionally, in the event of sale of any Equivalent Public Units and in lieu of the steps in Section 1.1(e) relating to the issuance of the New Common Units, EESLP will sell directly to MLP the Assets (less the portion of the Assets transferred relating to the issuance of the New GP Units) in exchange for the assumption of the Assumed Debt and the Offering Proceeds in accordance with the EESLP ▇▇▇▇ of Sale.
At the Closing, in consideration for the contribution of the Contributed Interests hereunder, the Partnership shall: (a) issue to P66 Company a number of Common Units equal to 1,726,914 less the number of New GP Units (the “New Common Units”); (b) issue the New GP Units to the General Partner; and (c) pay to P66 Company an amount of cash equal to $880,000,000 (the “Cash Consideration”).
The New Common Units and the New GP Units being issued at Closing will be, when issued in consideration for the contribution by the P66 Parties of the Contributed Interests, duly authorized, validly issued, fully paid and non-assessable (except as such non-assessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in the Partnership Agreement).
At the Closing, in consideration for the contribution of the Contributed Interests, the Partnership shall: (a) issue to the General Partner the New GP Units, (b) issue to PDI a number of Common Units equal to 4,093,020 less the number of New GP Units (the “New Common Units”) and (c) pay to PDI an amount of cash equal to $1,109,000,000 (the “Cash Consideration”).
The New Common Units and the New GP Units being issued at Closing will be, when issued in consideration for the contribution by P66 Company of the Contributed Interests, duly authorized, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in the Partnership’s limited partnership agreement).