Common use of Rights as a Limited Partner Clause in Contracts

Rights as a Limited Partner. Neither the Participant nor any other person shall be entitled to the privileges of ownership of Common Units of the Partnership, limited partnership interests in the Partnership, or otherwise have any rights as a limited partner, by reason of the award of the Phantom Units covered by this Agreement.

Appears in 11 contracts

Samples: Director Restricted Phantom Unit Agreement (Stonemor Partners Lp), Director Restricted Phantom Unit Agreement (Stonemor Partners Lp), Director Restricted Phantom Unit Agreement (Stonemor Partners Lp)

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Rights as a Limited Partner. Neither the Participant nor any other person shall be entitled to the privileges of ownership of Common Units of the Partnershipcommon units, representing limited partnership interests in the Partnership, or otherwise have any rights as a limited partner, by reason of the award of the Phantom Restricted Units covered by this AgreementAgreement or any Partnership common units, issuable in respect of such Restricted Units, unless and until such common units have been validly issued to such Participant, or such other person, as fully paid common units, representing limited partnership interests in the Partnership.

Appears in 4 contracts

Samples: Restricted Unit Agreement (Sunoco Logistics Partners Lp), Restricted Unit Agreement (Sunoco Logistics Partners Lp), Restricted Unit Agreement (Sunoco Logistics Partners Lp)

Rights as a Limited Partner. Neither the Participant nor any other person shall be entitled to the privileges of ownership of Common Units of the Partnershipcommon units, representing limited partnership interests in the Partnership, or otherwise have any rights as a limited partner, by reason of the award of the Phantom Restricted Units covered by this AgreementAgreement or any Partnership common units, issuable in respect of such Restricted Units, unless and until such common units have been validly issued to such Participant or such other person as fully paid common units, representing limited partnership interests in the Partnership.

Appears in 3 contracts

Samples: Restricted Unit Agreement (Sunoco Logistics Partners Lp), Restricted Unit Agreement (Sunoco Logistics Partners Lp), Restricted Unit Agreement (Sunoco Logistics Partners Lp)

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Rights as a Limited Partner. Neither the Participant nor any other person shall be entitled to the privileges of ownership of Common Units of the Partnership, limited partnership interests in the Partnership, or otherwise have any rights as a limited partner, by reason of the award of the Phantom Units covered by this Agreement.

Appears in 1 contract

Samples: Restricted Phantom Unit Agreement (Stonemor Partners Lp)

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