Allocations and Distributions. Allocations for Capital Account Purposes 48 Section 6.2 Allocations for Tax Purposes 59 Section 6.3 Requirements and Characterization of Distributions; Distributions to Record Holders 62 Section 6.4 Distributions of Available Cash from Operating Surplus 62 Section 6.5 Distributions of Available Cash from Capital Surplus 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 Section 7.1 Management 67 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 Section 7.4 Restrictions on the General Partner’s Authority 69 Section 7.5 Reimbursement of the General Partner 70 Section 7.6 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78
Appears in 2 contracts
Samples: Limited Partnership Agreement (New Source Energy Partners L.P.), Limited Partnership Agreement
Allocations and Distributions. Allocations for Capital Account Purposes 48 46 Section 6.2 Allocations for Tax Purposes 59 55 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 57 Section 6.4 Distributions of Available Cash from Operating Surplus 62 58 Section 6.5 Distributions of Available Cash from Capital Surplus 64 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 60 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 60 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Subordinated Class B Units 66 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 66 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 67 62 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 64 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 65 Section 7.5 7.4 Reimbursement of the General Partner 70 65 Section 7.5 Outside Activities 66 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Section 7.7 Indemnification 71 69 Section 7.8 Liability of Indemnitees 73 71 Section 7.9 Standards Resolution of Conduct and Modification Conflicts of Duties 74 Interest 71 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 73 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7874
Appears in 2 contracts
Samples: Limited Partnership Agreement (Martin Midstream Partners Lp), Limited Partnership Agreement (Martin Midstream Partners Lp)
Allocations and Distributions. Allocations for Capital Account Purposes 48 100 Section 6.2 Allocations for Tax Purposes 59 112 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 113 Section 6.4 Distributions of Available Cash from Operating Surplus 62 114 Section 6.5 Distributions of Available Cash from Capital Surplus 64 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 65 116 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 66 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Section 7.1 Management 67 118 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 120 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 121 Section 7.5 7.4 Reimbursement of the General Partner 70 121 Section 7.5 Outside Activities 122 Section 7.6 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning Loans from the General Partner and Indemnitees 76 Section 7.11 Purchase Partner; Loans or Sale of Contributions from the Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78or Group Members 123
Appears in 1 contract
Samples: Limited Partnership Agreement (NGL Energy Partners LP)
Allocations and Distributions. Section 6.1. Allocations for Capital Account Purposes 48 Purposes. 54 Section 6.2 6.2. Allocations for Tax Purposes 59 Purposes. 62 Section 6.3 Requirements 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 62 Holders. 64 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 62 Surplus. 64 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 64 Surplus. 66 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Levels. 67 Section 6.7 6.7. Special Provisions Relating to the Holders of Subordinated Units 65 Units. 67 Section 6.8 6.8. Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights. 68 Section 6.9 6.9. Entity-Level Taxation 66 Taxation. 68 Section 7.1 Management 67 Section 7.2 Replacement of Fiduciary Duties 7.1. Management. 69 Section 7.3 7.2. Certificate of Limited Partnership 69 Partnership. 71 Section 7.4 7.3. Restrictions on General Partner’s Authority. 71 Section 7.4. Reimbursement of the General Partner. 72 Section 7.5. Outside Activities. 73 Section 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner’s Authority 69 . 74 Section 7.5 Reimbursement of the General Partner 70 7.7. Indemnification. 76 Section 7.6 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 7.8. Liability of Indemnitees 73 Indemnitees. 77 Section 7.9 Standards 7.9. Resolution of Conduct and Modification Conflicts of Duties 74 Interest. 78 Section 7.10 7.10. Other Matters Concerning the General Partner and Indemnitees 76 Partner. 80 Section 7.11 7.11. Purchase or Sale of Partnership Interests 76 Securities. 80 Section 7.12 7.12. Registration Rights of the General Partner and its Affiliates 76 Affiliates. 81 Section 7.13 7.13. Reliance by Third Parties 78Parties. 83 Section 8.1. Records and Accounting. 83 Section 8.2. Fiscal Year. 83 Section 8.3. Reports. 84
Appears in 1 contract
Samples: Limited Partnership Agreement (Magellan Midstream Partners Lp)
Allocations and Distributions. Allocations for Capital Account Purposes 48 63 Section 6.2 Allocations for Tax Purposes 59 78 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 79 Section 6.4 Distributions of Available Cash from Operating Surplus 62 80 Section 6.5 Distributions of Available Cash from Capital Surplus 64 82 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 82 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 83 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 83 Section 6.9 Entity-Level Taxation 66 84 Section 7.1 Management 67 84 Section 7.2 Replacement of Fiduciary Duties 69 87 Section 7.3 Certificate of Limited Partnership 69 87 Section 7.4 Restrictions on the General Partner’s Authority 69 87 Section 7.5 Reimbursement of the General Partner 70 88 Section 7.6 Outside Activities 71 89 Section 7.7 Indemnification 71 89 Section 7.8 Limitation of Liability of Indemnitees 73 91 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 92 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 94 Section 7.11 Purchase or Sale of Partnership Interests 76 94 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 95 Section 7.13 Reliance by Third Parties 7897
Appears in 1 contract
Samples: Limited Partnership Agreement (Dominion Midstream Partners, LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 45 Section 6.2 Allocations for Tax Purposes 59 56 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 58 Section 6.4 Distributions of Available Cash from Operating Surplus 62 59 Section 6.5 Distributions of Available Cash from Capital Surplus 64 60 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 61 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 61 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 62 Section 6.9 Entity-Level Taxation 66 62 Section 7.1 Management 67 63 Section 7.2 Replacement of Fiduciary Duties 69 65 Section 7.3 Certificate of Limited Partnership 69 65 Section 7.4 Restrictions on the General Partner’s Authority 69 66 Section 7.5 Reimbursement of the General Partner 70 66 Section 7.6 Outside Activities 71 67 Section 7.7 Indemnification 71 68 Section 7.8 Limitation of Liability of Indemnitees 73 69 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 70 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 72 Section 7.11 Purchase or Sale of Partnership Interests 76 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 73 Section 7.13 Reliance by Third Parties 7876
Appears in 1 contract
Samples: Limited Partnership Agreement (BP Midstream Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 34 Section 6.2 Allocations for Tax Purposes 59 40 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 41 Section 6.4 Distributions of Available Cash from Operating Surplus 62 42 Section 6.5 Distributions of Available Cash from Capital Surplus 64 42 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 43 Section 6.7 Special Provisions Relating to the Holders of Subordinated Class B Units 65 43 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 43 Section 6.9 Entity-Level Taxation 66 44 Section 7.1 Management 67 44 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 46 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 46 Section 7.5 7.4 Reimbursement of the General Partner 70 46 Section 7.5 Outside Activities 47 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 48 Section 7.7 Indemnification 71 48 Section 7.8 Liability of Indemnitees 73 49 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 50 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 51 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 51 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 51 Section 7.13 Reliance by Third Parties 7854 Section 8.1 Records and Accounting 54 Section 8.2 Fiscal Year 54 Section 8.3 Reports 54
Appears in 1 contract
Samples: Limited Partnership Agreement (Targa Resources Partners LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 47 Section 6.2 Allocations for Tax Purposes 59 58 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 59 Section 6.4 Distributions of Available Cash from Operating Surplus 62 60 Section 6.5 Distributions of Available Cash from Capital Surplus 64 62 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 62 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 63 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 63 Section 6.9 Entity-Level Taxation 66 64 Section 7.1 Management 67 64 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 67 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 67 Section 7.5 7.4 Reimbursement of the General Partner 70 67 Section 7.5 Outside Activities 68 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 70 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7872
Appears in 1 contract
Samples: Limited Partnership Agreement (Rhino Resource Partners LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 Section 38 SECTION 6.2 Allocations for Tax Purposes 59 Section 46 SECTION 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 Section 49 SECTION 6.4 Distributions of Available Cash from Operating Surplus 62 Section 50 SECTION 6.5 Distributions of Available Cash from Capital Surplus 64 Section 50 SECTION 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Section 51 SECTION 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section Incentive Distribution Rights 51 SECTION 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 Section 51 SECTION 7.1 Management 67 Section 52 SECTION 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 Section 7.4 54 SECTION 7.3 Restrictions on the General Partner’s Authority 69 Section 7.5 54 SECTION 7.4 Reimbursement of the General Partner 70 Section 7.6 54 SECTION 7.5 Outside Activities 71 Section 55 SECTION 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 56 SECTION 7.7 Indemnification 71 Section 58 SECTION 7.8 Liability of Indemnitees 73 Section 59 SECTION 7.9 Standards Resolution of Conduct and Modification Conflicts of Duties 74 Section Interest 60 SECTION 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 62 SECTION 7.11 Purchase or Sale of Partnership Interests 76 Section 62 SECTION 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7862 SECTION 8.1 Records and Accounting 63 SECTION 8.2 Fiscal Year 63 SECTION 8.3 Reports 63
Appears in 1 contract
Samples: Limited Partnership Agreement (Central Energy Partners Lp)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 30 Section 6.2 Allocations for Tax Purposes 59 38 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 39 Section 6.4 Distributions of Available Cash from Operating Surplus 62 40 Section 6.5 Distributions of Available Cash from Capital Surplus 64 41 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 41 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 41 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 42 Section 6.9 Entity-Level Taxation 66 42 Section 7.1 Management 67 43 Section 7.2 Replacement of Fiduciary Duties 69 44 Section 7.3 Certificate of Limited Partnership 69 44 Section 7.4 Restrictions on the General Partner’s Authority 69 45 Section 7.5 Reimbursement of the General Partner 70 45 Section 7.6 Outside Activities 71 45 Section 7.7 Indemnification 71 46 Section 7.8 Limitation of Liability of Indemnitees 73 47 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 48 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 49 Section 7.11 Purchase or Sale of Partnership Interests 76 49 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 50 Section 7.13 Reliance by Third Parties 7851
Appears in 1 contract
Samples: Limited Partnership Agreement (Columbia Pipeline Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 29 Section 6.2 Allocations for Tax Purposes 59 35 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 36 Section 6.4 Distributions of Available from Distributable Cash from Operating Surplus 62 Flow 37 Section 6.5 Distributions of Available Cash from Capital Surplus 64 38 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 38 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 39 Section 7.1 Management 67 39 Section 7.2 Replacement of Fiduciary Duties 69 41 Section 7.3 Certificate of Limited Partnership 69 41 Section 7.4 Restrictions on the General Partner’s Authority 69 41 Section 7.5 Reimbursement of the General Partner 70 41 Section 7.6 Outside Activities 71 42 Section 7.7 Indemnification 71 43 Section 7.8 Liability of Indemnitees 73 44 Section 7.9 Standards of Conduct and Modification of Duties 74 44 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 46 Section 7.11 Purchase or Sale of Partnership Interests 76 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 46 Section 7.13 Reliance by Third Parties 7848 Section 8.1 Records and Accounting 48 Section 8.2 Fiscal Year 49 Section 8.3 Reports 49
Appears in 1 contract
Samples: Limited Partnership Agreement (Sprague Resources LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 64 Section 6.2 Allocations for Tax Purposes 59 73 Section 6.3 Requirements Requirement and Characterization of Cash Distributions; Cash Distributions to Record Holders 62 75 Section 6.4 Distributions of Available Cash from Operating Surplus 62 76 Section 6.5 Distributions of Available Cash from Capital Surplus 64 78 Section 6.6 Adjustment of Minimum Initial Quarterly Distribution and Target Distribution Levels 65 78 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 78 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 79 Section 6.9 Special Provisions Relating to the Holders of Class B Units. 79 Section 6.10 Entity-Level Taxation 66 80 Section 7.1 Management 67 82 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 84 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 84 Section 7.5 7.4 Reimbursement of the General Partner 70 85 Section 7.5 Outside Activities 86 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 87 Section 7.7 Indemnification 71 88 Section 7.8 Liability of Indemnitees 73 89 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 90 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 92 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 93 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 93 Section 7.13 Reliance by Third Parties 7896 Section 8.1 Records and Accounting 97 Section 8.2 Fiscal Year 97 Section 8.3 Reports 97
Appears in 1 contract
Samples: Limited Partnership Agreement (Cheniere Energy Partners, L.P.)
Allocations and Distributions. Allocations for Capital Account Purposes 48 29 Section 6.2 Allocations for Tax Purposes 59 35 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 37 Section 6.4 Distributions of Available from Distributable Cash from Operating Surplus 62 Flow 37 Section 6.5 Distributions of Available Cash from Capital Surplus 64 39 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 39 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 40 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 67 40 Section 7.2 Replacement of Fiduciary Duties 69 42 Section 7.3 Certificate of Limited Partnership 69 42 Section 7.4 Restrictions on the General Partner’s Authority 69 42 Section 7.5 Reimbursement of the General Partner 70 42 Section 7.6 Outside Activities 71 43 Section 7.7 Indemnification 71 44 Section 7.8 Liability of Indemnitees 73 45 Section 7.9 Standards of Conduct and Modification of Duties 74 45 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 47 Section 7.11 Purchase or Sale of Partnership Interests 76 47 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 47 Section 7.13 Reliance by Third Parties 7849 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 49 Section 8.2 Fiscal Year 49 Section 8.3 Reports 50
Appears in 1 contract
Samples: Limited Partnership Agreement (Sprague Resources LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 Section 6.2 Allocations for Tax Purposes 59 58 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 60 Section 6.4 Distributions of Available Cash from Operating Surplus 62 60 Section 6.5 Distributions of Available Cash from Capital Surplus 64 61 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 61 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 62 Section 6.9 6.8 Entity-Level Taxation 66 62 Section 6.9 Special Provisions Relating to the Class A Preferred Holders. 63 ARTICLE VII Section 7.1 Management 67 63 Section 7.2 Replacement of Fiduciary Duties 69 65 Section 7.3 Certificate of Limited Partnership 69 66 Section 7.4 Restrictions on the General Partner’s Authority 69 66 Section 7.5 Reimbursement of the General Partner 70 66 Section 7.6 Outside Activities 71 67 Section 7.7 Indemnification 71 68 Section 7.8 Liability of Indemnitees 73 70 Section 7.9 Standards of Conduct and Modification of Duties 74 71 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 73 Section 7.11 Purchase or Sale of Partnership Interests 76 74 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 74 Section 7.13 Reliance by Third Parties 7877 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 77 Section 8.2 Fiscal Year 78 Section 8.3 Reports 78 ARTICLE IX
Appears in 1 contract
Samples: Limited Partnership Agreement (Sanchez Production Partners LP)
Allocations and Distributions. Section 4.1 Allocation Among Partners 12 Section 4.2 Allocations for Capital Account Purposes 48 12 Section 4.3 Distributions 13 Section 4.4 Allocations on Transfers 14 Section 5.1 Power and Authority of Managing Partner 14 Section 5.2 Certain Restrictions on Managing Partner’s Power and Authority 17 Section 5.3 Services of Managing Partner 19 Section 5.4 Liability of Managing Partner and Its Affiliates 20 Section 5.5 Indemnification of Managing Partner and Its Affiliates 20 Section 5.6 Reporting and Legal Expenses 00 Xxxxxxx 5.7 Administrative Costs 22 Section 5.8 Management Fee 22 Section 5.9 Gas Marketing Fee 23 Section 5.10 Restrictions on Certain Transactions 23 Section 5.11 Restriction on Voting Interests Held by Managing Partner 28 Section 5.12 Tax Elections 28 Section 5.13 Tax Matters Partner 29 Section 6.1 Rights of Investor Partners 29 Section 6.2 Allocations for Tax Purposes 59 Access of Investor Partners to Geophysical Data 29 Section 6.3 Requirements and Characterization Return of Distributions; Distributions to Record Holders 62 Capital Contribution 30 Section 6.4 Distributions of Available Cash from Operating Surplus 62 Meetings 30 Section 6.5 Distributions Voting Rights of Available Cash from Capital Surplus 64 Investor Partners 30 Section 6.6 Adjustment Conduct of Minimum Quarterly Distribution and Target Distribution Levels 65 Meeting 30 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 General Partners Not Agents 31 Section 6.8 Special Provisions Relating to the Holders Liabilities of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 Partners 31 Section 7.1 Management 67 Books, Records, and Capital Accounts 32 Section 7.2 Replacement of Fiduciary Duties 69 Reports 34 Section 7.3 Certificate Bank Accounts 36 Section 8.1 Assignments by Investor Partners 36 Section 8.2 Assignment by Managing Partner 38 Section 8.3 Right of Limited Partnership 69 Presentment 39 Section 7.4 Restrictions 8.4 Notices of and Limitations on the General Partner’s Authority 69 Right of Presentment 40 Section 7.5 Reimbursement 8.5 Cessation of the General Right of Presentment 41 Section 8.6 Removal of Managing Partner 70 41 Section 7.6 Outside Activities 71 9.1 Dissolution 43 Section 7.7 Indemnification 71 9.2 Covenant Not to Withdraw 44 Section 7.8 Liability of Indemnitees 73 9.3 Reconstitution 44 Section 7.9 Standards of Conduct 9.4 Liquidation and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78Termination 47
Appears in 1 contract
Samples: Partnership Agreement (Mewbourne Energy Partners 07-A, L.P.)
Allocations and Distributions. Allocations for Capital Account Purposes 48 Section 6.2 Allocations for Tax Purposes 59 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 61 Section 6.4 Distributions of Available Cash from Operating Surplus 62 Section 6.5 Distributions of Available Cash from Capital Surplus 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 64 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 65 Section 6.9 Entity-Level Taxation 66 Section 7.1 Management 67 66 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 Section 7.5 7.4 Reimbursement of the General Partner 70 69 Section 7.6 7.5 Outside Activities 71 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 72 Section 7.7 Indemnification 71 73 Section 7.8 Liability of Indemnitees 73 74 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 75 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 77 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 77 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 78 Section 7.13 Reliance by Third Parties 7880
Appears in 1 contract
Samples: Limited Partnership Agreement (Memorial Production Partners LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 50 Section 6.2 Allocations for Tax Purposes 59 61 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 Section 6.4 Distributions of Available Cash from Operating Surplus 62 63 Section 6.5 Distributions of Available Cash from Capital Surplus 64 65 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 67 Section 7.1 Management 67 Section 7.2 Replacement of Fiduciary Duties 69 70 Section 7.3 Certificate of Limited Partnership 69 70 Section 7.4 Restrictions on the General Partner’s Authority 69 70 Section 7.5 Reimbursement of the General Partner 70 71 Section 7.6 Outside Activities 71 72 Section 7.7 Indemnification 71 73 Section 7.8 Liability of Indemnitees 73 74 Section 7.9 Standards of Conduct and Modification of Duties 74 75 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 77 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 77 Section 7.13 Reliance by Third Parties 7879
Appears in 1 contract
Samples: Limited Partnership Agreement (Hi-Crush Partners LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 30 Section 6.2 Allocations for Tax Purposes 59 33 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 34 Section 6.4 Distributions of Available Cash from Operating Surplus 62 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 64 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 [Reserved] 35 Section 6.9 Entity-Level Taxation 66 [Reserved] 35 Section 7.1 Management 67 35 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 37 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 38 Section 7.5 7.4 Reimbursement of the General Partner 70 38 Section 7.5 Outside Activities 39 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 40 Section 7.7 Indemnification 71 41 Section 7.8 Liability of Indemnitees 73 43 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 43 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 45 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 45 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 45 Section 7.13 Reliance by Third Parties 7848 Section 8.1 Records and Accounting 49 Section 8.2 Fiscal Year 49 Section 8.3 Reports 49
Appears in 1 contract
Samples: Limited Partnership Agreement (Western Midstream Operating, LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 32 Section 6.2 Allocations for Tax Purposes 59 40 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 41 Section 6.4 Distributions of Available Cash from Operating Surplus 62 41 Section 6.5 Distributions of Available Cash from Capital Surplus 64 44 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 44 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 44 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 45 Section 6.9 Entity-Level Taxation 66 45 Section 7.1 Management 67 45 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 47 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 47 Section 7.5 7.4 Reimbursement of the General Partner 70 47 Section 7.5 Outside Activities 48 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 49 Section 7.7 Indemnification 71 49 Section 7.8 Liability of Indemnitees 73 51 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 52 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 53 Section 7.11 Purchase or Sale of Partnership Interests 76 53 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7853
Appears in 1 contract
Samples: Limited Partnership Agreement (NGL Energy Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 44 Section 6.2 Allocations for Tax Purposes 59 55 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 57 Section 6.4 Distributions of Available Cash from Operating Surplus 62 57 Section 6.5 Distributions of Available Cash from Capital Surplus 64 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 59 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 60 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 60 Section 6.9 Entity-Level Taxation 66 61 Section 7.1 Management 67 61 Section 7.2 Replacement of Fiduciary Duties 69 64 Section 7.3 Certificate of Limited Partnership 69 64 Section 7.4 Restrictions on the General Partner’s Authority 69 64 Section 7.5 Reimbursement of the General Partner 70 65 Section 7.6 Outside Activities 71 66 Section 7.7 Indemnification 71 66 Section 7.8 Limitation of Liability of Indemnitees 73 68 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 69 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 71 Section 7.11 Purchase or Sale of Partnership Interests 76 71 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 72 Section 7.13 Reliance by Third Parties 7874
Appears in 1 contract
Samples: Limited Partnership Agreement (Rice Midstream Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 35 Section 6.2 Allocations for Tax Purposes 59 41 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 43 Section 6.4 Distributions of Available Cash from Operating Surplus 62 43 Section 6.5 Distributions of Available Cash from Capital Surplus 64 44 Section 6.6 Adjustment of Minimum Initial Quarterly Distribution and Target Distribution Levels 65 44 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 [Reserved] 44 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 44 Section 7.1 Management 67 45 Section 7.2 Replacement of Fiduciary Duties 69 47 Section 7.3 Certificate of Limited Partnership 69 47 Section 7.4 Restrictions on the General Partner’s Authority 69 47 Section 7.5 Reimbursement of the General Partner 70 48 Section 7.6 Outside Activities 71 48 Section 7.7 Indemnification 71 49 Section 7.8 Liability of Indemnitees 73 51 Section 7.9 Standards of Conduct and Modification of Duties 74 52 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 53 Section 7.11 Purchase or Sale of Partnership Interests 76 54 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 54 Section 7.13 Reliance by Third Parties 7856 Section 8.1 Records and Accounting 57 Section 8.2 Fiscal Year 57 Section 8.3 Reports 58
Appears in 1 contract
Samples: Limited Partnership Agreement (Inergy Midstream, L.P.)
Allocations and Distributions. Section 6.1. Allocations for Capital Account Purposes 48 Purposes. 54 Section 6.2 6.2. Allocations for Tax Purposes 59 Purposes. 62 Section 6.3 Requirements 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 62 Holders. 64 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 62 Surplus. 64 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 64 Surplus. 66 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Levels. 67 Section 6.7 6.7. Special Provisions Relating to the Holders of Subordinated Units 65 Units. 67 Section 6.8 6.8. Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights. 68 Section 6.9 6.9. Entity-Level Taxation 66 Taxation. 68 Section 7.1 Management 67 Section 7.2 Replacement of Fiduciary Duties 7.1. Management. 69 Section 7.3 7.2. Certificate of Limited Partnership 69 Partnership. 71 Section 7.4 7.3. Restrictions on General Partner’s Authority. 71 Section 7.4. Reimbursement of the General Partner. 72 Section 7.5. Outside Activities. 73 Section 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner’s Authority 69 . 74 Section 7.5 Reimbursement of the General Partner 70 7.7. Indemnification. 76 Section 7.6 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 7.8. Liability of Indemnitees 73 Indemnitees. 77 Section 7.9 Standards 7.9. Resolution of Conduct and Modification Conflicts of Duties 74 Interest. 78 Section 7.10 7.10. Other Matters Concerning the General Partner and Indemnitees 76 Partner. 80 Section 7.11 7.11. Purchase or Sale of Partnership Interests 76 Securities. 80 Section 7.12 7.12. Registration Rights of the General Partner and its Affiliates 76 Affiliates. 81 Section 7.13 7.13. Reliance by Third Parties 78Parties. 83 Section 8.1. Records and Accounting. 83 Table of Contents Section 8.2. Fiscal Year. 83 Section 8.3. Reports. 84
Appears in 1 contract
Samples: Limited Partnership Agreement (Magellan Midstream Holdings Lp)
Allocations and Distributions. Allocations for Capital Account Purposes 48 35 Section 6.2 Allocations for Tax Purposes 59 38 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 40 Section 6.4 Distributions of Available Cash from Operating Surplus 62 Section 6.5 Distributions of Available Cash from Capital Surplus 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 Class B Unitholders 41 Section 7.1 Management 67 41 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 43 Section 7.4 7.3 Restrictions on the Managing General Partner’s Authority 69 43 Section 7.5 7.4 Reimbursement of the Managing General Partner 70 44 Section 7.5 Outside Activities 45 Section 7.6 Outside Activities 71 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 46 Section 7.7 Indemnification 71 48 Section 7.8 Liability of Indemnitees 73 49 Section 7.9 Standards Resolution of Conduct and Modification Conflicts of Duties 74 Interest 50 Section 7.10 Other Matters Concerning the Managing General Partner and Indemnitees 76 51 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 52 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 76 52 Section 7.13 Reliance by Third Parties 7854
Appears in 1 contract
Allocations and Distributions. Allocations for Capital Account Purposes 48 72 Section 6.2 Allocations for Tax Purposes 59 83 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 85 Section 6.4 Distributions of Available Cash from Operating Surplus 62 86 Section 6.5 Distributions of Available Cash from Capital Surplus 64 86 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 87 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 65 87 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 88 Section 6.9 Entity-Level Taxation 66 88 Section 6.10 Special Provisions Relating to the Preferred Holders 89 Section 6.11 Special Provisions Relating to 2016 Warrants 89 Section 7.1 Management 67 90 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 92 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 92 Section 7.5 7.4 Reimbursement of the General Partner 70 93 Section 7.5 Outside Activities 94 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 95 Section 7.7 Indemnification 71 95 Section 7.8 Liability of Indemnitees 73 97 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 98 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 100 Section 7.11 Purchase or Sale of Partnership Interests 76 100 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78100 Section 8.1 Records and Accounting 101 Section 8.2 Fiscal Year 101 Section 8.3 Reports 101
Appears in 1 contract
Samples: Limited Partnership Agreement (NGL Energy Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 Purposes. 52 Section 6.2 Allocations for Tax Purposes 59 Purposes. 61 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 Holders. 64 Section 6.4 Distributions of Available Cash from Operating Surplus 62 Surplus. 64 Section 6.5 Distributions of Available Cash from Capital Surplus 64 Surplus. 67 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Levels. 67 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights. 69 Section 6.9 Entity-Level Taxation 66 Taxation. 69 Section 7.1 Management 67 Management. 70 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 Partnership. 72 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 Authority. 73 Section 7.5 7.4 Reimbursement of the General Partner 70 Partner. 73 Section 7.5 Outside Activities. 74 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members. 76 Section 7.7 Indemnification 71 Indemnification. 77 Section 7.8 Liability of Indemnitees 73 Indemnitees. 78 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 Duties. 79 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Partner. 81 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities. 81 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Affiliates. 82 Section 7.13 Reliance by Third Parties 78Parties. 85 Section 8.1 Records and Accounting. 86 Section 8.2 Fiscal Year. 86 Section 8.3 Reports. 86
Appears in 1 contract
Samples: Limited Partnership Agreement (Blueknight Energy Partners, L.P.)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 Section 6.2 Allocations for Tax Purposes 59 60 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 61 Section 6.4 Distributions of Available Cash from Operating Surplus 62 Section 6.5 Distributions of Available Cash from Capital Surplus 64 63 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 64 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 64 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Units. 65 Section 6.9 Entity-Level Taxation 66 65 Section 7.1 Management 67 66 Section 7.2 Replacement of Fiduciary Duties 69 Duties. 68 Section 7.3 Certificate of Limited Partnership 69 68 Section 7.4 Restrictions on the General Partner’s Authority 69 Section 7.5 Reimbursement of the General Partner 70 69 Section 7.6 Outside Activities 71 70 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 73 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 75 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7879
Appears in 1 contract
Samples: Limited Partnership Agreement (Western Refining Logistics, LP)
Allocations and Distributions. Section 5.1 Allocations for Capital Account Purposes 48 26 Section 6.2 5.2 Allocations for Tax Purposes 59 32 Section 6.3 5.3 Requirements as to, and Characterization of Distributions; of, Distributions to Record Holders 62 34 Section 6.4 5.4 Distributions 35 Section 5.5 Distributions of Available Cash from Operating Surplus 62 Interim Capital Transactions 35 Section 6.5 Distributions of Available Cash from Capital Surplus 64 Section 6.6 5.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 36 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 6.1 Management 36 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 Section 7.1 Management 67 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 6.2 Certificate of Limited Partnership 69 38 Section 7.4 6.3 Restrictions on the General Partner’s Authority 69 39 Section 7.5 6.4 Reimbursement of the General Partner 70 40 Section 7.6 6.5 Outside Activities 71 40 Section 7.7 6.6 Loans to and from the General Partner; Contracts with Affiliates 41 Section 6.7 Indemnification 71 42 Section 7.8 6.8 Liability of Indemnitees 73 44 Section 7.9 Standards 6.9 Resolution of Conduct and Modification Conflicts of Duties 74 Interest 45 Section 7.10 6.10 Other Matters Concerning the General Partner and Indemnitees 76 46 Section 7.11 6.11 Title to Partnership Assets 46 Section 6.12 Purchase or Sale of Partnership Interests 76 Units 47 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 6.13 Reliance by Third Parties 7847 Section 6.14 Registration Rights of TNC and Its Affiliates 47
Appears in 1 contract
Samples: Limited Partnership Agreement (Terra Nitrogen Co L P /De)
Allocations and Distributions. Allocations for Capital Account Purposes 48 43 Section 6.2 Allocations for Tax Purposes 59 54 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 55 Section 6.4 Distributions of Available Cash from Operating Surplus 62 56 Section 6.5 Distributions of Available Cash from Capital Surplus 64 58 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 58 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 58 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 59 Section 6.9 Entity-Level Taxation 66 59 Section 7.1 Management 67 60 Section 7.2 Replacement of Fiduciary Duties 69 62 Section 7.3 Certificate of Limited Partnership 69 63 Section 7.4 Restrictions on the General Partner’s Authority 69 63 Section 7.5 Reimbursement of the General Partner 70 63 Section 7.6 Outside Activities 71 64 Section 7.7 Indemnification 71 65 Section 7.8 Limitation of Liability of Indemnitees 73 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 68 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 70 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7870
Appears in 1 contract
Samples: Limited Partnership Agreement (Antero Midstream Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 100 Section 6.2 Allocations for Tax Purposes 59 112 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 113 Section 6.4 Distributions of Available Cash from Operating Surplus 62 114 Section 6.5 Distributions of Available Cash from Capital Surplus 64 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 65 116 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 66 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Section 7.1 Management 67 118 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 120 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 121 Section 7.5 7.4 Reimbursement of the General Partner 70 121 Section 7.5 Outside Activities 122 Section 7.6 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning Loans from the General Partner and Indemnitees 76 Section 7.11 Purchase Partner; Loans or Sale of Contributions from the Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78or Group Members 123
Appears in 1 contract
Samples: Class D Preferred Unit and Warrant Purchase Agreement (NGL Energy Partners LP)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 57 Section 6.2 Allocations for Tax Purposes 59 68 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 70 Section 6.4 Distributions of Available Cash from Operating Surplus 62 71 Section 6.5 Distributions of Available Cash from Capital Surplus 64 74 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 74 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 74 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 75 Section 6.9 Entity-Level Taxation 66 75 Section 6.10 Special Provisions Relating to the Holders of Convertible Class B Units 76 Section 6.11 Special Provisions Relating to the Holders of Subordinated Class C Units 77 Section 7.1 Management 67 77 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 80 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 80 Section 7.5 7.4 Reimbursement of the General Partner 70 80 Section 7.6 7.5 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7881
Appears in 1 contract
Samples: Limited Partnership Agreement (Access Midstream Partners Lp)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 38 Section 6.2 Allocations for Tax Purposes 59 43 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 45 Section 6.4 Distributions of Available Cash from Operating Surplus 62 46 Section 6.5 Distributions of Available Cash from Capital Surplus 64 47 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 47 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 47 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Entity Level Taxation 48 Section 6.9 Entity-Level Taxation 66 Tax Distributions 48 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 67 Board of Directors 49 Section 7.2 Replacement Certificate of Fiduciary Duties 69 Formation 53 Section 7.3 Certificate of Limited Partnership 69 Section 7.4 Restrictions on the General Partner’s Board of Directors' Authority 69 53 Section 7.4 Officers 54 Section 7.5 Reimbursement Outside Activities of the General Partner 70 Directors; Business Opportunities 56 Section 7.6 Outside Activities 71 Loans or Contributions from the Company or Group Members 56 Section 7.7 Indemnification 71 56 Section 7.8 Exculpation of Liability of Indemnitees 73 60 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 61 Section 7.10 Other Matters Concerning the General Partner Duties of Officers and Indemnitees 76 Directors 61 Section 7.11 Purchase or Sale of Partnership Interests 76 Company Securities 62 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7862 Section 7.13 Reimbursement of G&A by the Existing Investors 62 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 64 Section 8.2 Fiscal Year 64
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copano Energy, L.L.C.)
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 Section 6.2 Allocations for Tax Purposes 59 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 60 Section 6.4 Distributions of Available Cash from Operating Surplus 62 61 Section 6.5 Distributions of Available Cash from Capital Surplus 64 63 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 63 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 64 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 64 Section 6.9 Entity-Level Taxation 66 65 Section 7.1 Management 67 65 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 68 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 68 Section 7.5 7.4 Reimbursement of the General Partner 70 68 Section 7.5 Outside Activities 69 Section 7.6 Outside Activities Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 71 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7873
Appears in 1 contract
Samples: Limited Partnership Agreement (Rhino Resource Partners LP)
Allocations and Distributions. Section 6.1. Allocations for Capital Account Purposes Purposes. 48 Section 6.2 6.2. Allocations for Tax Purposes 59 Purposes. 55 Section 6.3 Requirements 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 62 Holders. 58 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 62 Surplus. 58 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 64 Surplus. 60 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Levels. 60 Section 6.7 6.7. Special Provisions Relating to the Holders of Subordinated Units 65 Units. 61 Section 6.8 6.8. Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights. 62 Section 6.9 6.9. Entity-Level Taxation 66 Taxation. 62 Section 7.1 Management 67 7.1. Management. 62 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 7.2. Certificate of Limited Partnership 69 Partnership. 65 Section 7.4 7.3. Restrictions on General Partner’s Authority. 65 Section 7.4. Reimbursement of the General Partner. 66 Section 7.5. Outside Activities. 67 Section 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner’s Authority . 68 Section 7.7. Indemnification. 69 Section 7.5 Reimbursement 7.8. Liability of the General Partner 70 Section 7.6 Outside Activities Indemnitees. 71 Section 7.7 Indemnification 71 7.9. Resolution of Conflicts of Interest. 72 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 7.10. Other Matters Concerning the General Partner and Indemnitees 76 Partner. 73 Section 7.11 7.11. Purchase or Sale of Partnership Interests 76 Securities. 74 Section 7.12 7.12. Registration Rights of the General Partner and its Affiliates 76 Affiliates. 74 Section 7.13 7.13. Reliance by Third Parties 78Parties. 76 Section 8.1. Records and Accounting. 77 Section 8.2. Fiscal Year. 77 Section 8.3. Reports. 77
Appears in 1 contract
Samples: Limited Partnership Agreement (Magellan Midstream Partners Lp)
Allocations and Distributions. Allocations for Capital Account Purposes 48 30 Section 6.2 Allocations for Tax Purposes 59 33 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 35 Section 6.4 Distributions of Available Cash from Operating Surplus 62 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 64 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 [Reserved] 35 Section 6.9 Entity-Level Taxation 66 [Reserved] 35 Section 7.1 Management 67 35 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 38 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 38 Section 7.5 7.4 Reimbursement of the General Partner 70 38 Section 7.5 Outside Activities 39 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 41 Section 7.7 Indemnification 71 41 Section 7.8 Liability of Indemnitees 73 43 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 44 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 45 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 46 Section 7.13 Reliance by Third Parties 7849 Section 8.1 Records and Accounting 50 Section 8.2 Fiscal Year 50 Section 8.3 Reports 50
Appears in 1 contract
Samples: Contribution Agreement and Agreement and Plan of Merger (Anadarko Petroleum Corp)
Allocations and Distributions. Allocations for Capital Account Purposes 48 61 Section 6.2 Allocations for Tax Purposes 59 70 Section 6.3 Requirements Requirement for and Characterization of Distributions; Distributions to Record Holders 62 73 Section 6.4 Distributions of Available Cash from Operating Surplus 62 73 Section 6.5 Distributions of Available Cash from Capital Surplus 64 75 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 75 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 [Reserved] 76 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 76 Section 6.9 Entity-Level Taxation 66 76 Section 7.1 Management 67 77 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 79 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 79 Section 7.5 7.4 Reimbursement of the General Partner 70 80 Section 7.5 Outside Activities 81 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 82 Section 7.7 Indemnification 71 84 Section 7.8 Liability of Indemnitees 73 lndemnitees 85 Section 7.9 Standards Resolution of Conduct and Modification Conflicts of Duties 74 Interest 86 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 87 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 88 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 88 Section 7.13 Reliance by Third Parties 7890
Appears in 1 contract
Samples: Agreement of Limited Partnership (Plains All American Pipeline Lp)
Allocations and Distributions. Section 6.1. Allocations for Capital Account Purposes 48 Purposes. 45 Section 6.2 6.2. Allocations for Tax Purposes 59 Purposes. 53 Section 6.3 Requirements 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 62 Holders. 56 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 62 Surplus. 56 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 64 Surplus. 58 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 Levels. 58 Section 6.7 6.7. Special Provisions Relating to the Holders of Senior Subordinated Units 65 and Junior Subordinated Units. 59 Section 6.8 6.8. Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights. 59 Section 6.9 6.9. Entity-Level Taxation 66 Taxation. 60 Section 7.1 Management 67 7.1. Management. 60 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 7.2. Certificate of Limited Partnership 69 Partnership. 62 Section 7.4 7.3. Restrictions on General Partners’ Authority. 63 Section 7.4. Reimbursement of the General Partners. 63 Section 7.5. Outside Activities. 64 Section 7.6. Loans from the General Partners; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner’s Authority Partners. 66 Section 7.7. Indemnification. 67 Section 7.8. Liability of Indemnitees. 69 Section 7.5 Reimbursement 7.9. Resolution of the General Partner 70 Conflicts of Interest. 69 Section 7.6 Outside Activities 71 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 7.10. Other Matters Concerning the General Partner and Indemnitees 76 Partners. 71 Section 7.11 7.11. Purchase or Sale of Partnership Interests 76 Securities. 72 Section 7.12 7.12. Registration Rights of the General Partner Partners and its Affiliates 76 their Affiliates. 72 Section 7.13 7.13. Reliance by Third Parties 78Parties. 74 Section 8.1. Records and Accounting. 75 Section 8.2. Fiscal Year. 75 Section 8.3. Reports. 75 -ii- Inergy, L.P. Section 9.1. Tax Returns and Information. 75 Section 9.2. Tax Elections. 76 Section 9.3. Tax Controversies. 76 Section 9.4. Withholding. 76 Section 10.1. Admission of Initial Limited Partners. 77 Section 10.2. Admission of Substituted Limited Partner. 77 Section 10.3. Admission of Successor General Partners. 77 Section 10.4. Admission of Additional Limited Partners. 78 Section 10.5. Amendment of Agreement and Certificate of Limited Partnership. 78 Section 11.1. Withdrawal of the Managing General Partner. 78 Section 11.2. Removal of the Managing General Partner. 80 Section 11.3. Interest of Departing Partner and Successor General Partners. 81 Section 11.4. Withdrawal of Non-Managing General Partner. 82 Section 11.5. Termination of Subordination Period, Conversion of Senior Subordinated Units and Junior Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages. 83 Section 11.6. Withdrawal of Limited Partners. 83 Section 12.1. Dissolution. 83 Section 12.2. Continuation of the Business of the Partnership After Dissolution. 84 Section 12.3. Liquidator. 85 Section 12.4. Liquidation. 85 Section 12.5. Cancellation of Certificate of Limited Partnership. 86 Section 12.6. Return of Contributions. 86 Section 12.7. Waiver of Partition. 86 Section 12.8. Capital Account Restoration. 87 Section 13.1. Amendment to be Adopted Solely by the Managing General Partner. 87 Section 13.2. Amendment Procedures. 88 Section 13.3. Amendment Requirements. 89 Section 13.4. Special Meetings. 89 Section 13.5. Notice of a Meeting. 90 Section 13.6. Record Date. 90 -iii- Inergy, L.P. Section 13.7. Adjournment. 90 Section 13.8. Waiver of Notice; Approval of Meeting; Approval of Minutes. 90 Section 13.9. Quorum. 91 Section 13.10. Conduct of a Meeting. 91 Section 13.11. Action Without a Meeting. 92 Section 13.12. Voting and Other Rights. 92 Section 14.1. Authority. 93 Section 14.2. Procedure for Merger or Consolidation. 93 Section 14.3. Approval by Limited Partners of Merger or Consolidation. 94 Section 14.4. Certificate of Merger. 95 Section 14.5. Effect of Merger. 95 Section 15.1. Right to Acquire Limited Partner Interests. 95 Section 16.1. Addresses and Notices. 97 Section 16.2. Further Action. 98 Section 16.3. Binding Effect. 98 Section 16.4. Integration. 98 Section 16.5. Creditors. 98 Section 16.6. Waiver. 98 Section 16.7. Counterparts. 98 Section 16.8. Applicable Law. 99 Section 16.9. Invalidity of Provisions. 99 Section 16.10. Consent of Partners. 99 THIS SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF INERGY, L.P. dated as of January 7, 2004, is entered into by and among Inergy GP LLC, a Delaware limited liability company, as the Managing General Partner, Inergy Partners, LLC, a Delaware limited liability company, as the Non-Managing General Partner and as the Organizational Limited Partner, New Inergy Propane, LLC, a Delaware limited liability company, Inergy Holdings, LLC, a Delaware limited liability company, together with any other Persons who become Partners in the Partnership or parties hereto as provided herein. In consideration of the covenants, conditions and agreements contained herein, the parties hereto hereby agree as follows:
Appears in 1 contract
Allocations and Distributions. Allocations for Capital Account Purposes 48 76 Section 6.2 Allocations for Tax Purposes 59 86 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 88 Section 6.4 Distributions of Available Cash from Operating Surplus 62 88 Section 6.5 Distributions of Available Cash from Capital Surplus 64 89 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 89 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Reserved 90 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 90 Section 6.9 Entity-Level Taxation 66 90 Section 7.1 Management 67 91 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 93 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 93 Section 7.5 7.4 Reimbursement of the General Partner 70 93 Section 7.5 Outside Activities 94 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 96 Section 7.7 Indemnification 71 96 Section 7.8 Liability of Indemnitees 73 98 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 99 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 101 Section 7.11 Purchase or Sale of Partnership Interests 76 101 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 101 Section 7.13 Reliance by Third Parties 78104
Appears in 1 contract
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 48 47 Section 6.2 Allocations for Tax Purposes 59 57 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 59 Section 6.4 Distributions of Available Cash from Operating Surplus 62 59 Section 6.5 Distributions of Available Cash from Capital Surplus 64 61 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 62 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 62 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 63 Section 6.9 Entity-Level Taxation 66 63 Section 7.1 Management 67 64 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 66 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 67 Section 7.5 7.4 Reimbursement of the General Partner 70 67 Section 7.5 Outside Activities 68 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 69 Section 7.7 Indemnification 71 70 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7872
Appears in 1 contract
Samples: Agreement of Limited Partnership (Rhino Resource Partners LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 41 Section 6.2 Allocations for Tax Purposes 59 51 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 52 Section 6.4 Distributions of Available Cash from Operating Surplus 62 53 Section 6.5 Distributions of Available Cash from Capital Surplus 64 55 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 55 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 56 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Incentive Distribution Rights 56 Section 6.9 Entity-Level Taxation 66 56 Section 7.1 Management 67 57 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 59 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 60 Section 7.5 7.4 Reimbursement of the General Partner 70 60 Section 7.5 Outside Activities 61 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 62 Section 7.7 Indemnification 71 63 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 7865
Appears in 1 contract
Samples: Limited Partnership Agreement (Compressco Partners, L.P.)
Allocations and Distributions. Allocations for Capital Account Purposes 48 29 Section 6.2 Allocations for Tax Purposes 59 35 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 36 Section 6.4 Distributions of Available from Distributable Cash from Operating Surplus 62 Flow 37 Section 6.5 Distributions of Available Cash from Capital Surplus 64 39 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 39 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 66 39 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 67 40 Section 7.2 Replacement of Fiduciary Duties 69 41 Section 7.3 Certificate of Limited Partnership 69 41 Section 7.4 Restrictions on the General Partner’s Authority 69 42 Section 7.5 Reimbursement of the General Partner 70 42 Section 7.6 Outside Activities 71 42 Section 7.7 Indemnification 71 43 Section 7.8 Liability of Indemnitees 73 44 Section 7.9 Standards of Conduct and Modification of Duties 74 45 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 46 Section 7.11 Purchase or Sale of Partnership Interests 76 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 47 Section 7.13 Reliance by Third Parties 7848 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 49 Section 8.2 Fiscal Year 49 Section 8.3 Reports 49
Appears in 1 contract
Samples: Limited Partnership Agreement (Sprague Resources LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 30 Section 6.2 Allocations for Tax Purposes 59 33 Section 6.3 Requirements Requirement and Characterization of Distributions; Distributions to Record Holders 62 34 Section 6.4 Distributions of Available Cash from Operating Surplus 62 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 64 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 [Reserved] 35 Section 6.9 Entity-Level Taxation 66 [Reserved] 35 Section 7.1 Management 67 35 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 69 37 Section 7.4 7.3 Restrictions on the General Partner’s Authority 69 38 Section 7.5 7.4 Reimbursement of the General Partner 70 38 Section 7.5 Outside Activities 39 Section 7.6 Outside Activities 71 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 40 Section 7.7 Indemnification 71 41 Section 7.8 Liability of Indemnitees 73 42 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 74 43 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 45 Section 7.11 Purchase or Sale of Partnership Interests 76 Securities 45 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 45 Section 7.13 Reliance by Third Parties 7848 Section 8.1 Records and Accounting 49 Section 8.2 Fiscal Year 49 Section 8.3 Reports 49
Appears in 1 contract
Samples: Limited Partnership Agreement (Western Midstream Partners, LP)
Allocations and Distributions. Allocations for Capital Account Purposes 48 39 Section 6.2 Allocations for Tax Purposes 59 47 Section 6.3 Requirements and Distributions; Characterization of Distributions; Distributions to Record Holders 62 49 Section 6.4 Distributions of Available Cash from Operating Surplus 62 50 Section 6.5 Distributions of Available Cash from Capital Surplus 64 51 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 65 51 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 65 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 66 51 Section 6.9 6.8 Entity-Level Taxation 66 51 Section 7.1 Management 67 52 Section 7.2 Replacement of Fiduciary Duties 69 54 Section 7.3 Certificate of Limited Partnership 69 55 Section 7.4 Restrictions on the General Partner’s Authority 69 55 Section 7.5 Reimbursement of the General Partner 70 55 Section 7.6 Outside Activities 71 56 Section 7.7 Indemnification 71 57 Section 7.8 Liability of Indemnitees 73 59 Section 7.9 Standards of Conduct and Modification of Duties 74 60 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 76 63 Section 7.11 Purchase or Sale of Partnership Interests 76 63 Section 7.12 Registration Rights of the General Partner and its Affiliates 76 64 Section 7.13 Reliance by Third Parties 7866 Section 8.1 Records and Accounting 67 Section 8.2 Fiscal Year 67 Section 8.3 Reports 67
Appears in 1 contract
Samples: Limited Partnership Agreement (Sanchez Production Partners LP)