Admission of Initial Limited Partners. Upon the issuance by the Partnership of Partnership Securities to the General Partner, Teekay Corporation and the Underwriters as described in Sections 5.1(b), 5.2 and 5.3, the General Partner shall admit such parties to the Partnership as Initial Limited Partners in respect of the Partnership Securities issued to them.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Teekay Offshore Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Teekay Offshore Partners L.P.)
Admission of Initial Limited Partners. Upon the issuance by the Partnership of Partnership Securities to the General Partner, Teekay Corporation and the Underwriters as described in Sections 5.1(b), 5.2 and 5.35.3 in connection with the Initial Offering, the General Partner shall admit admitted such parties to the Partnership as Initial Limited Partners in respect of the Partnership Securities issued to them.
Appears in 5 contracts
Samples: Agreement of Limited Partnership (Teekay LNG Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Teekay LNG Partners L.P.)
Admission of Initial Limited Partners. Upon the issuance by the Partnership of Partnership Securities to the General Partner, Teekay Corporation and the Underwriters as described in Sections 5.1(b), 5.2 and 5.3, the General Partner shall admit admitted such parties to the Partnership as Initial Limited Partners in respect of the Partnership Securities issued to them.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Agreement of Limited Partnership (Teekay Offshore Partners L.P.)
