Admission of Partner. At the Effective Time, by virtue of the Merger, notwithstanding anything to the contrary in the Partnership Agreement, (a) Parent will be admitted as the sole limited partner of the Partnership and will hold all limited partner interests in the Partnership, (b) the New General Partner will be admitted as the general partner of the Partnership, and (c) the Partnership will continue without dissolution.
Appears in 4 contracts
Samples: Merger Agreement (MPLX Lp), Merger Agreement (Marathon Petroleum Corp), Merger Agreement (Markwest Energy Partners L P)
