Admission as Partner. At the Effective Time, (a) by virtue of the Merger, notwithstanding anything to the contrary in the Existing Partnership Agreement, Parent is hereby admitted as the sole limited partner of the Partnership and will hold all limited partner interests in the Partnership, (b) Partnership GP shall continue as the general partner of the Partnership, and (c) the Partnership shall continue without dissolution.
Admission as Partner. At the Effective Time, (a) Parent shall contribute $1.00 and be admitted as the sole limited partner of the Partnership and will hold all limited partner interests in the Partnership, (b) Partnership GP shall continue as the general partner of the Partnership, and (c) the Partnership shall continue without dissolution.
Admission as Partner. At the Effective Time, (a) by virtue of the Merger, notwithstanding anything to the contrary in the Partnership Agreement, Parent is hereby admitted as a Limited Partner of the Partnership and shall be registered as such on the books and records of the Partnership, (b) by virtue of the Merger, Parent and Partnership GP will hold all Limited Partner Interests in the Partnership, (c) the Partnership GP shall continue as the sole general partner of the Partnership holding a non-economic general partner interest in the Partnership pursuant to Section 3.1(b) and (d) the Partnership shall continue without dissolution.
Admission as Partner. At the Effective Time, (a) NBL will continue as a Limited Partner of the Partnership and hold 62.4% of the limited partner interests in the Partnership, (b) by virtue of the Merger, notwithstanding anything to the contrary in the Partnership Agreement, Holdings will be admitted as a Limited Partner of the Partnership and hold 37.6% of the limited partner interests in the Partnership representing the converted Public Common Units, (c) the General Partner shall continue as the non-economic general partner of the Partnership and (d) the Partnership (as the Surviving Entity) will continue without dissolution.
Admission as Partner. At the Effective Time, (a) Parent will continue as a Limited Partner of the Partnership, (b) by virtue of the Merger and in accordance with the DRULPA, Holdings will be admitted as a Limited Partner of the Partnership, (c) the General Partner will continue as the general partner of the Partnership and (d) the Partnership (as the Surviving Entity) will continue without dissolution.
Admission as Partner. At the Effective Time, (a) by virtue of the Merger, notwithstanding anything to the contrary in the Partnership Agreement, NewCo is hereby admitted as a limited partner of the Partnership, (b) NewCo, together with Archrock MLP LP LLC, a Delaware limited liability company and an indirect wholly owned Subsidiary of Parent (“MLP LP LLC”), will hold all of the limited partner interests in the Partnership, (c) the General Partner shall continue as the general partner of the Partnership, (d) the Managing GP shall continue as the general partner of the General Partner and (e) the Partnership shall continue without dissolution.
Admission as Partner. A Person shall be deemed admitted to the Fund as an Additional Limited Partner at the time the conditions specified in Section 4.5(a) are satisfied. The General Partner shall revise the Schedule of Partners to reflect the admission of such Additional Limited Partner.
Admission as Partner. Notwithstanding the voluntary or involuntary sale, transfer, assignment, encumbrance, pledge, conveyance, or other disposition of part or all of any Shares, whether or not in compliance with the provisions of this Article 9, under no circumstances will any actual or purported purchaser, assignee, transferee, successor, creditor, or other party (Transferee) be admitted as a substitute Partner except in accordance with this Section. No Transferee will have any right to vote on or otherwise participate in the affairs of the Company or to receive any information or an accounting of the Company unless and until the Transferee will qualify and be admitted as a Partner in accordance with this Section. A Transferee who is not qualified or admitted as a Partner will be entitled only to the allocations and distributions provided to the Shares in accordance with this Operating Agreement. A Transferee will be admitted to the Company as a substitute Partner only on satisfaction of all of the following terms and conditions:
Admission as Partner. At the Effective Time, (a) Parent shall continue as a Limited Partner of the Partnership and hold approximately 60.7% of the limited partner interests in the Partnership, (b) by virtue of the Merger, notwithstanding anything to the contrary in the Partnership Agreement, Holdings shall be admitted as a Limited Partner of the Partnership pursuant to Section 3.1(b) and hold approximately 39.3% of the limited partner interests in the Partnership, (c) the General Partner shall continue as the sole general partner of the Partnership and hold a non-economic general partner interest in the Partnership and (d) the Partnership (as the Surviving Entity) shall continue without dissolution.
Admission as Partner. At the Effective Time, by virtue of the Merger, and in accordance with this Agreement, the Partnership Agreement and the DRULPA (including Section 17-301(b)(3)), (a) Parent shall be admitted as the sole limited partner of the Partnership and will hold all limited partner interests in the Partnership and, simultaneously therewith, all limited partners of the Partnership immediately prior to the Merger shall cease to be limited partners of the Partnership (provided, that if Parent makes the ServiceCo Election, then ServiceCo shall remain a limited partner of the Partnership and continue to hold the ServiceCo Units), (b) the General Partner shall continue as the sole general partner of the Partnership, (c) the Partnership shall continue without dissolution and (d) the books and records of the Partnership shall be revised to reflect the foregoing.
