Examples of Prior Partnership Agreement in a sentence
All Partnership profits, losses, and distributive shares of tax items accruing prior to the date of this Agreement shall be allocated in accordance with, and the respective rights and obligations of the Partners with respect to the period prior to the date of this Agreement shall be governed by, the Prior Partnership Agreement.
In accordance with Section 11.1 of the Prior Partnership Agreement, the Former GP assigned and transferred certain assets and liabilities, including all of its GP Units, to the General Partner pursuant to a Contribution, Assignment and Assumption Agreement dated December 15, 2004.
The General Partner accepted the transfer of those certain assets and liabilities and the GP Units, and became the general partner of Buckeye Partners, L.P. The Partners continued Buckeye Partners, L.P. without dissolution and amended and restated the Prior Partnership Agreement (as amended and restated, the “2004 Agreement”).
In accordance with Section 10.1 of the Prior Partnership Agreement, the Former GP has assigned and transferred certain assets and liabilities, including all of its general partner interest in the partnership, to the General Partner pursuant to an Assignment and Assumption Agreement dated as of the date of this Agreement.
The Original Capital Contribution of each Partner consists of the contributions of cash and Property made by such Partner pursuant to the terms of the Prior Partnership Agreement prior to January 1, 1996.