Admission of Substituted Limited Partners. A transferee of Units shall automatically be admitted to the Partnership as a Limited Partner (and the transferor of such Units shall, if such transferor is assigning all of such transferor’s Units, automatically cease to be a Limited Partner) at and as of the time the transfer is registered on the Units Register pursuant to Section 10.2. 13. Section 12.4 is hereby amended and restated as follows: Section
Appears in 2 contracts
Samples: Amended and Restated Agreement of Limited Partnership, Amended and Restated Agreement of Limited Partnership
Admission of Substituted Limited Partners. A transferee of Units shall automatically be admitted to the Partnership as a Limited Partner (and the transferor of such Units shall, if such transferor is assigning all of such transferor’s Units, automatically cease to be a Limited Partner) at and as of the time the transfer is registered on the Units Register pursuant to Section 10.2.
. 13. Section 12.4 is hereby amended and restated as follows: Section
Appears in 1 contract
Samples: Amendment No. 1 to Amended and Restated Agreement of Limited Partnership
Admission of Substituted Limited Partners. A transferee of Units shall automatically be admitted to the Partnership as a Limited Partner (and the transferor of such Units shall, if such transferor is assigning all of such transferor’s Units, automatically cease to be a Limited Partner) at and as of the time the transfer is registered on the Units Register pursuant to Section 10.2.
13. Section 12.4 is hereby amended and restated as follows: Section:
Appears in 1 contract
Samples: Amendment No. 1 to Amended and Restated Agreement of Limited Partnership (Buckeye Partners, L.P.)
