Admission of Initial Limited Partners. At and as of the Time of Delivery, the initial Record Holders of LP Units purchased pursuant to Section 4.2 shall automatically become Limited Partners and the Organizational Limited Partner shall automatically cease to be a Limited Partner.
Appears in 8 contracts
Samples: Credit Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye GP Holdings L.P.)
Admission of Initial Limited Partners. At and as of the Time of Delivery, the initial Record Holders of LP Units purchased issued pursuant to Section 4.2 shall 2.6 or 4.1 automatically become became Limited Partners and the Organizational Limited Partner shall automatically cease to be a Limited PartnerPartners.
Appears in 1 contract
Samples: Limited Partnership Agreement (New England Investment Companies L P)
