Partnership Interests. As of the date of this Agreement, the General Partner has a non-economic general partner interest in the Partnership, such interest granting the General Partner the exclusive right to manage and operate the Partnership in its capacity as General Partner. The Limited Partner has a limited partner interest in the Partnership which constitutes 100% of the aggregate partnership interest (as defined in the Act) of all partners in the Partnership.
Appears in 9 contracts
Samples: Agreement and Plan of Merger (Andeavor), Agreement and Plan of Merger (Western Refining Logistics, LP), Agreement and Plan of Merger (Andeavor Logistics Lp)
Partnership Interests. As of the date of this Agreement, the General Partner has a non-economic general partner interest in the Partnership, such Partnership which constitutes 2% of the aggregate partnership interest granting (as defined in the General Partner the exclusive right to manage and operate Act) of all partners in the Partnership in its capacity as General Partner. The and the Limited Partner has a limited partner interest in the Partnership which constitutes 10098% of the aggregate partnership interest (as defined in the Act) of all partners in the Partnership.
Appears in 1 contract
Samples: Williams Pipeline Partners L.P.
