Common use of Admission of Initial Limited Partners Clause in Contracts

Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner and the Underwriters as described in Section 5.3 in connection with the Initial Offering, the General Partner shall admit such parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 7 contracts

Samples: Partnership Agreement (Stonemor Partners Lp), Partnership Agreement (Stonemor Partners Lp), Management and Operation of Business (Stonemor Partners Lp)

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Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner Partner, GasLog and the Underwriters as described in Section 5.3 in connection with the Initial Offering5.1 and Section 5.2, the General Partner shall admit Board of Directors admitted such parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 7 contracts

Samples: GasLog Partners LP, GasLog Partners LP, GasLog Partners LP

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Admission of Initial Limited Partners. Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner Partner, GasLog and the Underwriters as described in Section 5.3 in connection with the Initial Offering5.1 and Section 5.2, the General Partner Board of Directors shall admit such parties to the Partnership as Initial Limited Partners in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

Appears in 3 contracts

Samples: Agreement (GasLog Partners LP), GasLog Partners LP, www.lw.com

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