Common use of Admission of Limited Partners Clause in Contracts

Admission of Limited Partners. (a) Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, Chesapeake Holdings, each of the GIP Entities and the Underwriters as described in Article V in connection with the Initial Offering, such parties shall be automatically admitted to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 7 contracts

Samples: Agreement (Williams Partners L.P.), Agreement (Williams Partners L.P.), Agreement (Williams Partners L.P.)

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Admission of Limited Partners. (a) Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, Chesapeake Holdings, each of the GIP Entities Holdings and the Underwriters as described in Article V in connection with the Initial Offering, such parties shall automatically be automatically admitted to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 3 contracts

Samples: Agreement (Quicksilver Gas Services LP), Western Gas Partners LP, Quicksilver Gas Services LP

Admission of Limited Partners. (a) Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, Chesapeake Holdings, each of the GIP Entities TII and the Underwriters as described in Article V in connection with the Initial Offering, such parties shall be automatically admitted to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: Compressco Partners, L.P.

Admission of Limited Partners. (a) Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, Chesapeake Holdings, each of the GIP Entities RRMC and the Underwriters as described in Article V in connection with the Initial Public Offering, such parties shall automatically be automatically admitted to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or and/or Incentive Distribution Rights issued to them.

Appears in 1 contract

Samples: Rose Rock Midstream, L.P.

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Admission of Limited Partners. (a) Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner, Chesapeake Holdings, each of the GIP Entities and the Underwriters as described in Article V in connection with the Initial Offering, such parties shall be automatically admitted to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.. ACCESS MIDSTREAM PARTNERS, L.P. COMPOSITE AGREEMENT OF LIMITED PARTNERSHIP

Appears in 1 contract

Samples: Access Midstream Partners Lp

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