Common use of Capitalization of the Partnership Clause in Contracts

Capitalization of the Partnership. As of the date hereof, the issued and outstanding partnership interests of the Partnership consist of (i) 52,373,639 Common Units, 10,939,436 Subordinated Units, 11,018,744 Class A Units and the Incentive Distribution Rights, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 5 contracts

Samples: Common Unit Purchase Agreement, Common Unit Purchase Agreement, Common Unit Purchase Agreement (Sunoco LP)

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Capitalization of the Partnership. As of the date hereofNovember 12, 2014, the issued and outstanding partnership interests of the Partnership consist consisted of (i) 52,373,639 30,716,424 Common Units, 10,939,436 14,048,588 subordinated units representing limited partner interests in the Partnership (the “Subordinated Units”), 11,018,744 Class A Units the GP Interest and the Incentive Distribution Rights. All outstanding Common Units, which are Subordinated Units, the only limited partner GP Interest, the Incentive Distribution Rights and the partnership interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units represented thereby have been duly authorized and validly issued pursuant to in accordance with the First Amended and Restated Agreement of Limited Partnership Agreement (the “Partnership Agreement”) and are fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act (the “Delaware LP Act).

Appears in 1 contract

Samples: Equity Distribution Agreement (USA Compression Partners, LP)

Capitalization of the Partnership. As Upon consummation of the date hereoftransactions contemplated by this Agreement, the issued and outstanding partnership interests of the Partnership will consist of (i) 52,373,639 106,373,334 Common Units, 10,939,436 69,076,122 Subordinated Units, 11,018,744 12,020,774 Class A Units B Units, 11,199,268 Class C Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units, which are Subordinated Units, Class B Units and Class C Units, and the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan)represented thereby, and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to in accordance with the Partnership Agreement Agreement, and are fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Access Midstream Partners Lp

Capitalization of the Partnership. As of the date hereofMay 9, 2014, the issued and outstanding partnership interests of the Partnership consist consisted of (i) 52,373,639 24,095,795 Common Units, 10,939,436 14,048,588 subordinated units representing limited partner interests in the Partnership (the “Subordinated Units”), 11,018,744 Class A Units the GP Interest and the Incentive Distribution Rights. All outstanding Common Units, which are Subordinated Units, the only limited partner GP Interest, the Incentive Distribution Rights and the partnership interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units represented thereby have been duly authorized and validly issued pursuant to in accordance with the First Amended and Restated Agreement of Limited Partnership Agreement (the “Partnership Agreement”) and are fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act (the “Delaware LP Act).

Appears in 1 contract

Samples: Underwriting Agreement (USA Compression Partners, LP)

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Capitalization of the Partnership. As Upon consummation of the date hereoftransactions contemplated by this Agreement, the issued and outstanding partnership interests of the Partnership consist of (i) 52,373,639 107,768,568 Common Units, 10,939,436 69,076,122 Subordinated Units, 11,018,744 12,160,730 Class A Units B Units, 11,199,268 Class C Units, the GP Interest and the Incentive Distribution Rights. All outstanding Common Units, which are Subordinated Units, Class B Units and Class C Units, and the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan)represented thereby, and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to in accordance with the Partnership Agreement Agreement, and are fully paid (to the extent required under the Partnership Agreement) and non-assessable nonassessable (except as such non-assessability nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Access Midstream Partners Lp

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