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.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Targa Resources Corp.), Agreement and Plan of Merger (Atlas Pipeline Partners Lp), Agreement and Plan of Merger (Atlas Energy, L.P.)
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 a limited partner of the Partnership and shall be registered as such on the books of the Partnership, (b) by virtue of the Merger, Parent and EEP will hold all limited partner interests in the Partnership, (bc) Partnership GP shall continue as the sole general partner of the Partnership, Partnership and (cd) the Partnership shall continue without dissolution.
Appears in 2 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Midcoast Energy Partners, L.P.)
Admission as Partner. At the Effective Time, (ai) by virtue of the Merger, notwithstanding anything to and without any action on the contrary in part of Parent, Merger Sub, the Existing Partnership, the Partnership AgreementGP or any holder of Parent Securities or Partnership Common Units, Parent is hereby shall be admitted as the sole limited partner of the Partnership and will hold all limited partner interests in the PartnershipPartnership Common Units, (bii) Partnership GP shall continue as the sole general partner of the Partnership, Partnership and (ciii) the Partnership shall continue without dissolution.
Appears in 2 contracts
Samples: Purchase Agreement and Plan of Merger, Purchase Agreement and Plan of Merger (LRR Energy, L.P.)
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 Limited Partner Interests in the Partnership, (b) the Partnership GP shall continue as the sole general partner of the Partnership, Partnership holding a non-economic general partner interest in the Partnership and (c) the Partnership shall continue without dissolution.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Sprague Resources LP)
Admission as Partner. At the Effective Time, (ai) by virtue of the MergerMerger and without any action on the part of Parent, notwithstanding anything to Merger Sub, the contrary in Partnership, the Existing Partnership AgreementGP or any holder of Parent securities or Partnership Common Units, Parent is hereby shall be admitted as the sole limited partner of the Partnership and will hold all limited partner interests in the PartnershipPartnership Common Units, (bii) Partnership GP shall continue as the sole general partner of the Partnership, and (ciii) the Partnership shall continue without dissolution.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Eagle Rock Energy Partners L P)
