Common use of Allocations and Distributions Clause in Contracts

Allocations and Distributions. Allocations for Capital Account Purposes 46 Section 6.2 Allocations for Tax Purposes 55 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 Section 6.4 Distributions of Available Cash from Operating Surplus 58 Section 6.5 Distributions of Available Cash from Capital Surplus 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 Section 7.2 Certificate of Limited Partnership 64 Section 7.3 Restrictions on the General Partner’s Authority 65 Section 7.4 Reimbursement of the General Partner 65 Section 7.5 Outside Activities 66 Section 7.6 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 69 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 74

Appears in 2 contracts

Samples: Limited Partnership Agreement (Martin Midstream Partners Lp), Limited Partnership Agreement (Martin Midstream Partners Lp)

AutoNDA by SimpleDocs

Allocations and Distributions. Allocations for Capital Account Purposes 46 48 Section 6.2 Allocations for Tax Purposes 55 59 Section 6.3 Requirement Requirements and Characterization of Distributions; Distributions to Record Holders 57 62 Section 6.4 Distributions of Available Cash from Operating Surplus 58 62 Section 6.5 Distributions of Available Cash from Capital Surplus 59 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 65 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 65 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 66 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 66 Section 7.1 Management 62 67 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 64 69 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 69 Section 7.4 7.5 Reimbursement of the General Partner 65 70 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 71 Section 7.7 Indemnification 69 71 Section 7.8 Liability of Indemnitees 71 73 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 74 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 7476 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. Section 6.1. Allocations for Capital Account Purposes 46 Purposes. 45 Section 6.2 6.2. Allocations for Tax Purposes 55 Purposes. 53 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 57 Holders. 56 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 58 Surplus. 56 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 59 Surplus. 58 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Levels. 58 Section 6.7 6.7. Special Provisions Relating to the Holders of Senior Subordinated Units 60 and Junior Subordinated Units. 59 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Rights. 59 Section 6.10 6.9. Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Taxation. 60 Section 7.1 Management 62 7.1. Management. 60 Section 7.2 7.2. Certificate of Limited Partnership 64 Partnership. 62 Section 7.3 7.3. Restrictions on the General Partner’s Authority 65 Partners’ Authority. 63 Section 7.4 7.4. Reimbursement of the General Partner 65 Partners. 63 Section 7.5 7.5. Outside Activities 66 Activities. 64 Section 7.6 7.6. Loans from the General PartnerPartners; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner Partners. 66 Section 7.7. Indemnification. 67 Section 7.7 Indemnification 7.8. Liability of Indemnitees. 69 Section 7.8 Liability of Indemnitees 71 Section 7.9 7.9. Resolution of Conflicts of Interest 71 Interest. 69 Section 7.10 7.10. Other Matters Concerning the General Partner 73 Partners. 71 Section 7.11 7.11. Purchase or Sale of Partnership Securities 73 Securities. 72 Section 7.12 7.12. Registration Rights of the General Partners and their Affiliates. 72 Section 7.13. Reliance by Third Parties. 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 its Affiliates 74Successor 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

Samples: Limited Partnership Agreement (Inergy L P)

Allocations and Distributions. Allocations for Capital Account Purposes 46 Section 38 SECTION 6.2 Allocations for Tax Purposes 55 Section 46 SECTION 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 Section 49 SECTION 6.4 Distributions of Available Cash from Operating Surplus 58 Section 50 SECTION 6.5 Distributions of Available Cash from Capital Surplus 59 Section 50 SECTION 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Section 51 SECTION 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 51 SECTION 6.8 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 51 SECTION 7.1 Management 62 Section 52 SECTION 7.2 Certificate of Limited Partnership 64 Section 54 SECTION 7.3 Restrictions on the General Partner’s Authority 65 Section 54 SECTION 7.4 Reimbursement of the General Partner 65 Section 54 SECTION 7.5 Outside Activities 66 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 67 Section 56 SECTION 7.7 Indemnification 69 Section 58 SECTION 7.8 Liability of Indemnitees 71 Section 59 SECTION 7.9 Resolution of Conflicts of Interest 71 Section 60 SECTION 7.10 Other Matters Concerning the General Partner 73 Section 62 SECTION 7.11 Purchase or Sale of Partnership Securities 73 Section Interests 62 SECTION 7.12 Registration Rights of the General Partner and its Affiliates 7462 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. Allocations for Capital Account Purposes 46 30 Section 6.2 Allocations for Tax Purposes 55 33 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 35 Section 6.4 Distributions of Available Cash from Operating Surplus 58 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 59 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 [Reserved] 35 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS [Reserved] 35 Section 7.1 Management 62 35 Section 7.2 Certificate of Limited Partnership 64 38 Section 7.3 Restrictions on the General Partner’s Authority 65 38 Section 7.4 Reimbursement of the General Partner 65 38 Section 7.5 Outside Activities 66 39 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 41 Section 7.7 Indemnification 69 41 Section 7.8 Liability of Indemnitees 71 43 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 44 Section 7.10 Other Matters Concerning the General Partner 73 45 Section 7.11 Purchase or Sale of Partnership Securities 73 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 7446 Section 7.13 Reliance by Third Parties 49 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 46 61 Section 6.2 Allocations for Tax Purposes 55 70 Section 6.3 Requirement for and Characterization of Distributions; Distributions to Record Holders 57 73 Section 6.4 Distributions of Available Cash from Operating Surplus 58 73 Section 6.5 Distributions of Available Cash from Capital Surplus 59 75 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 75 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 [Reserved] 76 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 76 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 76 Section 7.1 Management 62 77 Section 7.2 Certificate of Limited Partnership 64 79 Section 7.3 Restrictions on the General Partner’s Authority 65 79 Section 7.4 Reimbursement of the General Partner 65 80 Section 7.5 Outside Activities 66 81 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 82 Section 7.7 Indemnification 69 84 Section 7.8 Liability of Indemnitees 71 lndemnitees 85 Section 7.9 Resolution of Conflicts of Interest 71 86 Section 7.10 Other Matters Concerning the General Partner 73 87 Section 7.11 Purchase or Sale of Partnership Securities 73 88 Section 7.12 Registration Rights of the General Partner and its Affiliates 7488 Section 7.13 Reliance by Third Parties 90

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 46 34 Section 6.2 Allocations for Tax Purposes 55 40 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 41 Section 6.4 Distributions of Available Cash from Operating Surplus 58 42 Section 6.5 Distributions of Available Cash from Capital Surplus 59 42 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 43 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 43 Section 6.9 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 43 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 44 Section 7.1 Management 62 44 Section 7.2 Certificate of Limited Partnership 64 46 Section 7.3 Restrictions on the General Partner’s Authority 65 46 Section 7.4 Reimbursement of the General Partner 65 46 Section 7.5 Outside Activities 66 47 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 48 Section 7.7 Indemnification 69 48 Section 7.8 Liability of Indemnitees 71 49 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 50 Section 7.10 Other Matters Concerning the General Partner 73 51 Section 7.11 Purchase or Sale of Partnership Securities 73 51 Section 7.12 Registration Rights of the General Partner and its Affiliates 7451 Section 7.13 Reliance by Third Parties 54 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 46 47 Section 6.2 Allocations for Tax Purposes 55 58 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 59 Section 6.4 Distributions of Available Cash from Operating Surplus 58 60 Section 6.5 Distributions of Available Cash from Capital Surplus 59 62 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 62 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 63 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 63 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 64 Section 7.1 Management 62 64 Section 7.2 Certificate of Limited Partnership 64 67 Section 7.3 Restrictions on the General Partner’s Authority 65 67 Section 7.4 Reimbursement of the General Partner 65 67 Section 7.5 Outside Activities 66 68 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 70 Section 7.7 Indemnification 69 71 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 7472

Appears in 1 contract

Samples: Limited Partnership Agreement (Rhino Resource Partners LP)

Allocations and Distributions. Allocations for Capital Account Purposes 46 29 Section 6.2 Allocations for Tax Purposes 55 35 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 36 Section 6.4 Distributions of Available from Distributable Cash from Operating Surplus 58 Flow 37 Section 6.5 Distributions of Available Cash from Capital Surplus 59 39 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 39 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 39 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 40 Section 7.2 Replacement of Fiduciary Duties 41 Section 7.3 Certificate of Limited Partnership 64 41 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 42 Section 7.4 7.5 Reimbursement of the General Partner 65 42 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 42 Section 7.7 Indemnification 69 43 Section 7.8 Liability of Indemnitees 71 44 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 45 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 46 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 7447 Section 7.13 Reliance by Third Parties 48 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. Section 6.1 Allocations for Capital Account Purposes 46 48 Section 6.2 Allocations for Tax Purposes 55 59 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 60 Section 6.4 Distributions of Available Cash from Operating Surplus 58 61 Section 6.5 Distributions of Available Cash from Capital Surplus 59 63 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 63 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 64 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 64 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 65 Section 7.1 Management 62 65 Section 7.2 Certificate of Limited Partnership 64 68 Section 7.3 Restrictions on the General Partner’s Authority 65 68 Section 7.4 Reimbursement of the General Partner 65 68 Section 7.5 Outside Activities 66 69 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 71 Section 7.7 Indemnification 69 71 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 7473

Appears in 1 contract

Samples: Limited Partnership Agreement (Rhino Resource Partners LP)

Allocations and Distributions. Section 6.1. Allocations for Capital Account Purposes 46 Purposes. 48 Section 6.2 6.2. Allocations for Tax Purposes Purposes. 55 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 57 Holders. 58 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus Surplus. 58 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 59 Surplus. 60 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels Levels. 60 Section 6.7 6.7. Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units Units. 61 Section 6.9 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Rights. 62 Section 6.10 6.9. Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management Taxation. 62 Section 7.2 7.1. Management. 62 Section 7.2. Certificate of Limited Partnership 64 Partnership. 65 Section 7.3 7.3. Restrictions on the General Partner’s Authority Authority. 65 Section 7.4 7.4. Reimbursement of the General Partner 65 Section 7.5 Outside Activities Partner. 66 Section 7.6 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 67 Partner. 68 Section 7.7 Indemnification 7.7. Indemnification. 69 Section 7.8 7.8. Liability of Indemnitees Indemnitees. 71 Section 7.9 7.9. Resolution of Conflicts of Interest 71 Interest. 72 Section 7.10 7.10. Other Matters Concerning the General Partner Partner. 73 Section 7.11 7.11. Purchase or Sale of Partnership Securities 73 Securities. 74 Section 7.12 7.12. Registration Rights of the General Partner and its Affiliates 74Affiliates. 74 Section 7.13. Reliance by Third Parties. 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 46 29 Section 6.2 Allocations for Tax Purposes 55 35 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 37 Section 6.4 Distributions of Available from Distributable Cash from Operating Surplus 58 Flow 37 Section 6.5 Distributions of Available Cash from Capital Surplus 59 39 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 39 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 40 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 40 Section 7.2 Replacement of Fiduciary Duties 42 Section 7.3 Certificate of Limited Partnership 64 42 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 42 Section 7.4 7.5 Reimbursement of the General Partner 65 42 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 43 Section 7.7 Indemnification 69 44 Section 7.8 Liability of Indemnitees 71 45 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 45 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 47 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 47 Section 7.12 Registration Rights of the General Partner and its Affiliates 7447 Section 7.13 Reliance by Third Parties 49 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 46 48 Section 6.2 Allocations for Tax Purposes 55 58 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 60 Section 6.4 Distributions of Available Cash from Operating Surplus 58 60 Section 6.5 Distributions of Available Cash from Capital Surplus 59 61 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 61 Section 6.7 Special Provisions Relating to the Holders of Subordinated IDR Reset Common Units 60 62 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Entity-Level Taxation 62 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 Class A Preferred Holders. 63 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 63 Section 7.2 Replacement of Fiduciary Duties 65 Section 7.3 Certificate of Limited Partnership 64 66 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 66 Section 7.4 7.5 Reimbursement of the General Partner 65 Section 7.5 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner Outside Activities 67 Section 7.7 Indemnification 69 68 Section 7.8 Liability of Indemnitees 71 70 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest Duties 71 Section 7.10 Other Matters Concerning the General Partner and Indemnitees 73 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 74 Section 7.12 Registration Rights of the General Partner and its Affiliates 7474 Section 7.13 Reliance by Third Parties 77 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. Allocations for Capital Account Purposes 46 35 Section 6.2 Allocations for Tax Purposes 55 38 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 40 Section 6.4 Distributions of Available Cash from Operating Surplus 58 Section 6.5 Distributions of Available Cash from Capital Surplus 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Unitholders 41 Section 7.1 Management 62 41 Section 7.2 Certificate of Limited Partnership 64 43 Section 7.3 Restrictions on the Managing General Partner’s Authority 65 43 Section 7.4 Reimbursement of the Managing General Partner 65 44 Section 7.5 Outside Activities 66 45 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 67 46 Section 7.7 Indemnification 69 48 Section 7.8 Liability of Indemnitees 71 49 Section 7.9 Resolution of Conflicts of Interest 71 50 Section 7.10 Other Matters Concerning the Managing General Partner 73 51 Section 7.11 Purchase or Sale of Partnership Securities 73 52 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 7452 Section 7.13 Reliance by Third Parties 54

Appears in 1 contract

Samples: Agreement of Limited Partnership (Inergy L P)

Allocations and Distributions. Allocations for Capital Account Purposes 46 50 Section 6.2 Allocations for Tax Purposes 55 61 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 62 Section 6.4 Distributions of Available Cash from Operating Surplus 58 63 Section 6.5 Distributions of Available Cash from Capital Surplus 59 65 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 65 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 65 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 66 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 67 Section 7.1 Management 62 67 Section 7.2 Replacement of Fiduciary Duties 70 Section 7.3 Certificate of Limited Partnership 64 70 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 70 Section 7.4 7.5 Reimbursement of the General Partner 65 71 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 72 Section 7.7 Indemnification 69 73 Section 7.8 Liability of Indemnitees 71 74 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 75 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 76 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 77 Section 7.12 Registration Rights of the General Partner and its Affiliates 7477 Section 7.13 Reliance by Third Parties 79

Appears in 1 contract

Samples: Limited Partnership Agreement (Hi-Crush Partners LP)

Allocations and Distributions. Section 6.1. Allocations for Capital Account Purposes 46 Purposes. 54 Section 6.2 6.2. Allocations for Tax Purposes 55 Purposes. 62 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 57 Holders. 64 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 58 Surplus. 64 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 59 Surplus. 66 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Levels. 67 Section 6.7 6.7. Special Provisions Relating to the Holders of Subordinated Units 60 Units. 67 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Rights. 68 Section 6.10 6.9. Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Taxation. 68 Section 7.1 Management 62 7.1. Management. 69 Section 7.2 7.2. Certificate of Limited Partnership 64 Partnership. 71 Section 7.3 7.3. Restrictions on the General Partner’s Authority 65 Authority. 71 Section 7.4 7.4. Reimbursement of the General Partner 65 Partner. 72 Section 7.5 7.5. Outside Activities 66 Activities. 73 Section 7.6 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partner. 74 Section 7.7 Indemnification 69 7.7. Indemnification. 76 Section 7.8 7.8. Liability of Indemnitees 71 Indemnitees. 77 Section 7.9 7.9. Resolution of Conflicts of Interest 71 Interest. 78 Section 7.10 7.10. Other Matters Concerning the General Partner 73 Partner. 80 Section 7.11 7.11. Purchase or Sale of Partnership Securities 73 Securities. 80 Section 7.12 7.12. Registration Rights of the General Partner and its Affiliates 74Affiliates. 81 Section 7.13. Reliance by Third Parties. 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. Section 6.1 Allocations for Capital Account Purposes 46 64 Section 6.2 Allocations for Tax Purposes 55 73 Section 6.3 Requirement and Characterization of Cash Distributions; Cash Distributions to Record Holders 57 75 Section 6.4 Distributions of Available Cash from Operating Surplus 58 76 Section 6.5 Distributions of Available Cash from Capital Surplus 59 78 Section 6.6 Adjustment of Minimum Initial Quarterly Distribution and Target Distribution Levels 60 78 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 78 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 79 Section 6.9 Special Provisions Relating to the Holders of Class B Units. 79 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 80 Section 7.1 Management 62 82 Section 7.2 Certificate of Limited Partnership 64 84 Section 7.3 Restrictions on the General Partner’s Authority 65 84 Section 7.4 Reimbursement of the General Partner 65 85 Section 7.5 Outside Activities 66 86 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 87 Section 7.7 Indemnification 69 88 Section 7.8 Liability of Indemnitees 71 89 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 90 Section 7.10 Other Matters Concerning the General Partner 73 92 Section 7.11 Purchase or Sale of Partnership Securities 73 93 Section 7.12 Registration Rights of the General Partner and its Affiliates 7493 Section 7.13 Reliance by Third Parties 96 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 46 48 Section 6.2 Allocations for Tax Purposes 55 59 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 61 Section 6.4 Distributions of Available Cash from Operating Surplus 58 62 Section 6.5 Distributions of Available Cash from Capital Surplus 59 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 64 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 65 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 65 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 66 Section 7.1 Management 62 66 Section 7.2 Certificate of Limited Partnership 64 69 Section 7.3 Restrictions on the General Partner’s Authority 65 69 Section 7.4 Reimbursement of the General Partner 65 69 Section 7.5 Outside Activities 66 71 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 72 Section 7.7 Indemnification 69 73 Section 7.8 Liability of Indemnitees 71 74 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 75 Section 7.10 Other Matters Concerning the General Partner 73 77 Section 7.11 Purchase or Sale of Partnership Securities 73 77 Section 7.12 Registration Rights of the General Partner and its Affiliates 7478 Section 7.13 Reliance by Third Parties 80

Appears in 1 contract

Samples: Limited Partnership Agreement (Memorial Production Partners LP)

Allocations and Distributions. Allocations for Capital Account Purposes 46 100 Section 6.2 Allocations for Tax Purposes 55 112 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 113 Section 6.4 Distributions of Available Cash from Operating Surplus 58 114 Section 6.5 Distributions of Available Cash from Capital Surplus 59 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 60 116 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 116 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 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 62 118 Section 7.2 Certificate of Limited Partnership 64 120 Section 7.3 Restrictions on the General Partner’s Authority 65 121 Section 7.4 Reimbursement of the General Partner 65 121 Section 7.5 Outside Activities 66 122 Section 7.6 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 69 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase Partnership or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 74Group Members 123

Appears in 1 contract

Samples: Limited Partnership Agreement (NGL Energy Partners LP)

Allocations and Distributions. Allocations for Capital Account Purposes 46 30 Section 6.2 Allocations for Tax Purposes 55 33 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 34 Section 6.4 Distributions of Available Cash from Operating Surplus 58 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 59 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 [Reserved] 35 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS [Reserved] 35 Section 7.1 Management 62 35 Section 7.2 Certificate of Limited Partnership 64 37 Section 7.3 Restrictions on the General Partner’s Authority 65 38 Section 7.4 Reimbursement of the General Partner 65 38 Section 7.5 Outside Activities 66 39 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 40 Section 7.7 Indemnification 69 41 Section 7.8 Liability of Indemnitees 71 43 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 43 Section 7.10 Other Matters Concerning the General Partner 73 45 Section 7.11 Purchase or Sale of Partnership Securities 73 45 Section 7.12 Registration Rights of the General Partner and its Affiliates 7445 Section 7.13 Reliance by Third Parties 48 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 46 32 Section 6.2 Allocations for Tax Purposes 55 40 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 41 Section 6.4 Distributions of Available Cash from Operating Surplus 58 41 Section 6.5 Distributions of Available Cash from Capital Surplus 59 44 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 44 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 44 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 45 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 45 Section 7.1 Management 62 45 Section 7.2 Certificate of Limited Partnership 64 47 Section 7.3 Restrictions on the General Partner’s Authority 65 47 Section 7.4 Reimbursement of the General Partner 65 47 Section 7.5 Outside Activities 66 48 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 49 Section 7.7 Indemnification 69 49 Section 7.8 Liability of Indemnitees 71 51 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 52 Section 7.10 Other Matters Concerning the General Partner 73 53 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 53 Section 7.12 Registration Rights of the General Partner and its Affiliates 74Reliance by Third Parties 53

Appears in 1 contract

Samples: Limited Partnership Agreement (NGL Energy Partners LP)

Allocations and Distributions. Section 4.1 Allocation Among Partners 12 Section 4.2 Allocations for Capital Account Purposes 46 12 Section 6.2 4.3 Distributions 13 Section 4.4 Allocations for Tax Purposes 55 on Transfers 14 Section 6.3 Requirement 5.1 Power and Characterization Authority of Distributions; Distributions to Record Holders 57 Managing Partner 14 Section 6.4 Distributions of Available Cash from Operating Surplus 58 Section 6.5 Distributions of Available Cash from Capital Surplus 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 Section 7.2 Certificate of Limited Partnership 64 Section 7.3 Restrictions on the General Partner’s Authority 65 Section 7.4 Reimbursement of the General Partner 65 Section 7.5 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; 5.2 Certain Restrictions on the General Managing Partner’s Power and Authority 17 Section 5.3 Services of Managing Partner 67 19 Section 7.7 Indemnification 69 Section 7.8 5.4 Liability of Indemnitees 71 Managing Partner and Its Affiliates 20 Section 7.9 Resolution 5.5 Indemnification of Conflicts of Interest 71 Managing Partner and Its Affiliates 20 Section 7.10 Other 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 Concerning the General Partner 73 29 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration 6.1 Rights of the Investor Partners 29 Section 6.2 Access of Investor Partners to Geophysical Data 29 Section 6.3 Return of Capital Contribution 30 Section 6.4 Meetings 30 Section 6.5 Voting Rights of Investor Partners 30 Section 6.6 Conduct of Meeting 30 Section 6.7 General Partners Not Agents 31 Section 6.8 Liabilities of Partners 31 Section 7.1 Books, Records, and Capital Accounts 32 Section 7.2 Reports 34 Section 7.3 Bank Accounts 36 Section 8.1 Assignments by Investor Partners 36 Section 8.2 Assignment by Managing Partner 38 Section 8.3 Right of Presentment 39 Section 8.4 Notices of and its Affiliates 74Limitations on Right of Presentment 40 Section 8.5 Cessation of Right of Presentment 41 Section 8.6 Removal of Managing Partner 41 Section 9.1 Dissolution 43 Section 9.2 Covenant Not to Withdraw 44 Section 9.3 Reconstitution 44 Section 9.4 Liquidation and Termination 47

Appears in 1 contract

Samples: Partnership Agreement (Mewbourne Energy Partners 07-A, L.P.)

Allocations and Distributions. Allocations for Capital Account Purposes 46 39 Section 6.2 Allocations for Tax Purposes 55 47 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 49 Section 6.4 Distributions of Available Cash from Operating Surplus 58 50 Section 6.5 Distributions of Available Cash from Capital Surplus 59 51 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 51 Section 6.7 Special Provisions Relating to the Holders of Subordinated IDR Reset Common Units 60 51 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 51 Section 7.1 Management 62 52 Section 7.2 Replacement of Fiduciary Duties 54 Section 7.3 Certificate of Limited Partnership 64 55 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 55 Section 7.4 7.5 Reimbursement of the General Partner 65 55 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 56 Section 7.7 Indemnification 69 57 Section 7.8 Liability of Indemnitees 71 59 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 60 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 63 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 63 Section 7.12 Registration Rights of the General Partner and its Affiliates 7464 Section 7.13 Reliance by Third Parties 66 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)

Allocations and Distributions. Allocations for Capital Account Purposes 46 76 Section 6.2 Allocations for Tax Purposes 55 86 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 88 Section 6.4 Distributions of Available Cash from Operating Surplus 58 88 Section 6.5 Distributions of Available Cash from Capital Surplus 59 89 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 89 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Reserved 90 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 90 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 90 Section 7.1 Management 62 91 Section 7.2 Certificate of Limited Partnership 64 93 Section 7.3 Restrictions on the General Partner’s Authority 65 93 Section 7.4 Reimbursement of the General Partner 65 93 Section 7.5 Outside Activities 66 94 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 96 Section 7.7 Indemnification 69 96 Section 7.8 Liability of Indemnitees 71 98 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 99 Section 7.10 Other Matters Concerning the General Partner 73 101 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 101 Section 7.12 Registration Rights of the General Partner and its Affiliates 74101 Section 7.13 Reliance by Third Parties 104

Appears in 1 contract

Samples: Limited Partnership Agreement (CSI Compressco LP)

AutoNDA by SimpleDocs

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 46 47 Section 6.2 Allocations for Tax Purposes 55 57 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 59 Section 6.4 Distributions of Available Cash from Operating Surplus 58 59 Section 6.5 Distributions of Available Cash from Capital Surplus 59 61 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 62 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 62 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 63 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 63 Section 7.1 Management 62 64 Section 7.2 Certificate of Limited Partnership 64 66 Section 7.3 Restrictions on the General Partner’s Authority 65 67 Section 7.4 Reimbursement of the General Partner 65 67 Section 7.5 Outside Activities 66 68 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 69 Section 7.7 Indemnification 69 70 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 7472

Appears in 1 contract

Samples: Agreement of Limited Partnership (Rhino Resource Partners LP)

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 46 Purposes. 52 Section 6.2 Allocations for Tax Purposes 55 Purposes. 61 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 Holders. 64 Section 6.4 Distributions of Available Cash from Operating Surplus 58 Surplus. 64 Section 6.5 Distributions of Available Cash from Capital Surplus 59 Surplus. 67 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Levels. 67 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Incentive Distribution Rights. 69 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Taxation. 69 Section 7.1 Management 62 Management. 70 Section 7.2 Certificate of Limited Partnership 64 Partnership. 72 Section 7.3 Restrictions on the General Partner’s Authority 65 Authority. 73 Section 7.4 Reimbursement of the General Partner 65 Partner. 73 Section 7.5 Outside Activities 66 Activities. 74 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members. 76 Section 7.7 Indemnification 69 Indemnification. 77 Section 7.8 Liability of Indemnitees 71 Indemnitees. 78 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties. 79 Section 7.10 Other Matters Concerning the General Partner 73 Partner. 81 Section 7.11 Purchase or Sale of Partnership Securities 73 Securities. 81 Section 7.12 Registration Rights of the General Partner and its Affiliates 74Affiliates. 82 Section 7.13 Reliance by Third Parties. 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 46 48 Section 6.2 Allocations for Tax Purposes 55 60 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 61 Section 6.4 Distributions of Available Cash from Operating Surplus 58 62 Section 6.5 Distributions of Available Cash from Capital Surplus 59 63 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 64 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 64 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 IDR Reset Common Units. 65 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 65 Section 7.1 Management 62 66 Section 7.2 Replacement of Fiduciary Duties. 68 Section 7.3 Certificate of Limited Partnership 64 68 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 69 Section 7.4 7.5 Reimbursement of the General Partner 65 69 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 70 Section 7.7 Indemnification 69 71 Section 7.8 Liability of Indemnitees 71 73 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 73 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 75 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 76 Section 7.12 Registration Rights of the General Partner and its Affiliates 7476 Section 7.13 Reliance by Third Parties 79

Appears in 1 contract

Samples: Limited Partnership Agreement (Western Refining Logistics, LP)

Allocations and Distributions. Allocations for Capital Account Purposes 46 72 Section 6.2 Allocations for Tax Purposes 55 83 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 85 Section 6.4 Distributions of Available Cash from Operating Surplus 58 86 Section 6.5 Distributions of Available Cash from Capital Surplus 59 86 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 87 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 60 87 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 88 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 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 62 90 Section 7.2 Certificate of Limited Partnership 64 92 Section 7.3 Restrictions on the General Partner’s Authority 65 92 Section 7.4 Reimbursement of the General Partner 65 93 Section 7.5 Outside Activities 66 94 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 95 Section 7.7 Indemnification 69 95 Section 7.8 Liability of Indemnitees 71 97 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 98 Section 7.10 Other Matters Concerning the General Partner 73 100 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 100 Section 7.12 Registration Rights of the General Partner Reliance by Third Parties 100 Section 8.1 Records and its Affiliates 74Accounting 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 46 100 Section 6.2 Allocations for Tax Purposes 55 112 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 113 Section 6.4 Distributions of Available Cash from Operating Surplus 58 114 Section 6.5 Distributions of Available Cash from Capital Surplus 59 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 60 116 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 116 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 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 62 118 Section 7.2 Certificate of Limited Partnership 64 120 Section 7.3 Restrictions on the General Partner’s Authority 65 121 Section 7.4 Reimbursement of the General Partner 65 121 Section 7.5 Outside Activities 66 122 Section 7.6 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 69 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase Partnership or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 74Group 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 46 Purposes. 54 Section 6.2 6.2. Allocations for Tax Purposes 55 Purposes. 62 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 57 Holders. 64 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 58 Surplus. 64 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 59 Surplus. 66 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 Levels. 67 Section 6.7 6.7. Special Provisions Relating to the Holders of Subordinated Units 60 Units. 67 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Rights. 68 Section 6.10 6.9. Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Taxation. 68 Section 7.1 Management 62 7.1. Management. 69 Section 7.2 7.2. Certificate of Limited Partnership 64 Partnership. 71 Section 7.3 7.3. Restrictions on the General Partner’s Authority 65 Authority. 71 Section 7.4 7.4. Reimbursement of the General Partner 65 Partner. 72 Section 7.5 7.5. Outside Activities 66 Activities. 73 Section 7.6 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partner. 74 Section 7.7 Indemnification 69 7.7. Indemnification. 76 Section 7.8 7.8. Liability of Indemnitees 71 Indemnitees. 77 Section 7.9 7.9. Resolution of Conflicts of Interest 71 Interest. 78 Section 7.10 7.10. Other Matters Concerning the General Partner 73 Partner. 80 Section 7.11 7.11. Purchase or Sale of Partnership Securities 73 Securities. 80 Section 7.12 7.12. Registration Rights of the General Partner and its Affiliates 74Affiliates. 81 Section 7.13. Reliance by Third Parties. 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. Section 6.1 Allocations for Capital Account Purposes 46 30 Section 6.2 Allocations for Tax Purposes 55 38 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 39 Section 6.4 Distributions of Available Cash from Operating Surplus 58 40 Section 6.5 Distributions of Available Cash from Capital Surplus 59 41 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 41 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 41 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 42 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 42 Section 7.1 Management 62 43 Section 7.2 Replacement of Fiduciary Duties 44 Section 7.3 Certificate of Limited Partnership 64 44 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 45 Section 7.4 7.5 Reimbursement of the General Partner 65 45 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 45 Section 7.7 Indemnification 69 46 Section 7.8 Limitation of Liability of Indemnitees 71 47 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 48 Section 7.10 Other Matters Concerning the General Partner 73 49 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 49 Section 7.12 Registration Rights of the General Partner and its Affiliates 7450 Section 7.13 Reliance by Third Parties 51

Appears in 1 contract

Samples: Limited Partnership Agreement (Columbia Pipeline Partners LP)

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 46 29 Section 6.2 Allocations for Tax Purposes 55 35 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 36 Section 6.4 Distributions of Available from Distributable Cash from Operating Surplus 58 Flow 37 Section 6.5 Distributions of Available Cash from Capital Surplus 59 38 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 38 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 39 Section 7.1 Management 62 39 Section 7.2 Replacement of Fiduciary Duties 41 Section 7.3 Certificate of Limited Partnership 64 41 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 41 Section 7.4 7.5 Reimbursement of the General Partner 65 41 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 42 Section 7.7 Indemnification 69 43 Section 7.8 Liability of Indemnitees 71 44 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 44 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 46 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 7446 Section 7.13 Reliance by Third Parties 48 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. Allocations for Capital Account Purposes 46 63 Section 6.2 Allocations for Tax Purposes 55 78 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 79 Section 6.4 Distributions of Available Cash from Operating Surplus 58 80 Section 6.5 Distributions of Available Cash from Capital Surplus 59 82 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 82 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 83 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 83 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 84 Section 7.1 Management 62 84 Section 7.2 Replacement of Fiduciary Duties 87 Section 7.3 Certificate of Limited Partnership 64 87 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 87 Section 7.4 7.5 Reimbursement of the General Partner 65 88 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 89 Section 7.7 Indemnification 69 89 Section 7.8 Limitation of Liability of Indemnitees 71 91 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 92 Section 7.10 Other Matters Concerning the General Partner 73 94 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 94 Section 7.12 Registration Rights of the General Partner and its Affiliates 7495 Section 7.13 Reliance by Third Parties 97

Appears in 1 contract

Samples: Limited Partnership Agreement (Dominion Midstream Partners, LP)

Allocations and Distributions. Allocations for Capital Account Purposes 46 41 Section 6.2 Allocations for Tax Purposes 55 51 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 52 Section 6.4 Distributions of Available Cash from Operating Surplus 58 53 Section 6.5 Distributions of Available Cash from Capital Surplus 59 55 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 55 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 56 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 56 Section 6.10 6.9 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 56 Section 7.1 Management 62 57 Section 7.2 Certificate of Limited Partnership 64 59 Section 7.3 Restrictions on the General Partner’s Authority 65 60 Section 7.4 Reimbursement of the General Partner 65 60 Section 7.5 Outside Activities 66 61 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Partnership or Group Members 62 Section 7.7 Indemnification 69 63 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 7465

Appears in 1 contract

Samples: Limited Partnership Agreement (Compressco Partners, L.P.)

Allocations and Distributions. Allocations for Capital Account Purposes 46 43 Section 6.2 Allocations for Tax Purposes 55 54 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 55 Section 6.4 Distributions of Available Cash from Operating Surplus 58 56 Section 6.5 Distributions of Available Cash from Capital Surplus 59 58 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 58 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 58 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 59 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 59 Section 7.1 Management 60 Section 7.2 Replacement of Fiduciary Duties 62 Section 7.2 7.3 Certificate of Limited Partnership 64 63 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 63 Section 7.4 7.5 Reimbursement of the General Partner 65 63 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 64 Section 7.7 Indemnification 69 65 Section 7.8 Limitation of Liability of Indemnitees 71 67 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner 73 70 Section 7.11 Purchase or Sale of Partnership Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 74Interests 70

Appears in 1 contract

Samples: Limited Partnership Agreement (Antero Midstream Partners LP)

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 46 44 Section 6.2 Allocations for Tax Purposes 55 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 Section 6.4 Distributions of Available Cash from Operating Surplus 58 57 Section 6.5 Distributions of Available Cash from Capital Surplus 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 59 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 60 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 61 Section 7.1 Management 62 61 Section 7.2 Replacement of Fiduciary Duties 64 Section 7.3 Certificate of Limited Partnership 64 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 64 Section 7.4 7.5 Reimbursement of the General Partner 65 Section 7.5 7.6 Outside Activities 66 Section 7.6 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 69 66 Section 7.8 Limitation of Liability of Indemnitees 71 68 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 69 Section 7.10 Other Matters Concerning the General Partner 73 71 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 71 Section 7.12 Registration Rights of the General Partner and its Affiliates 72 Section 7.13 Reliance by Third Parties 74

Appears in 1 contract

Samples: Limited Partnership Agreement (Rice Midstream Partners LP)

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 46 35 Section 6.2 Allocations for Tax Purposes 55 41 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 43 Section 6.4 Distributions of Available Cash from Operating Surplus 58 43 Section 6.5 Distributions of Available Cash from Capital Surplus 59 44 Section 6.6 Adjustment of Minimum Initial Quarterly Distribution and Target Distribution Levels 60 44 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 [Reserved] 44 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS 44 Section 7.1 Management 62 45 Section 7.2 Replacement of Fiduciary Duties 47 Section 7.3 Certificate of Limited Partnership 64 47 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 47 Section 7.4 7.5 Reimbursement of the General Partner 65 48 Section 7.5 7.6 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 48 Section 7.7 Indemnification 69 49 Section 7.8 Liability of Indemnitees 71 51 Section 7.9 Resolution Standards of Conflicts Conduct and Modification of Interest 71 Duties 52 Section 7.10 Other Matters Concerning the General Partner 73 and Indemnitees 53 Section 7.11 Purchase or Sale of Partnership Securities 73 Interests 54 Section 7.12 Registration Rights of the General Partner and its Affiliates 7454 Section 7.13 Reliance by Third Parties 56 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 46 38 Section 6.2 Allocations for Tax Purposes 55 43 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 57 45 Section 6.4 Distributions of Available Cash from Operating Surplus 58 46 Section 6.5 Distributions of Available Cash from Capital Surplus 59 47 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 47 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 47 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Entity Level Taxation 48 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 Tax Distributions 48 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 Board of Directors 49 Section 7.2 Certificate of Limited Partnership 64 Formation 53 Section 7.3 Restrictions on the General Partner’s Board of Directors' Authority 65 53 Section 7.4 Reimbursement of the General Partner 65 Officers 54 Section 7.5 Outside Activities 66 of Directors; Business Opportunities 56 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Company or Group Members 56 Section 7.7 Indemnification 69 56 Section 7.8 Exculpation of Liability of Indemnitees 71 60 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 61 Section 7.10 Other Matters Concerning the General Partner 73 Duties of Officers and Directors 61 Section 7.11 Purchase or Sale of Partnership Company Securities 73 62 Section 7.12 Registration Rights Reliance by Third Parties 62 Section 7.13 Reimbursement of G&A by the General Partner Existing Investors 62 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and its Affiliates 74Accounting 64 Section 8.2 Fiscal Year 64

Appears in 1 contract

Samples: Limited Liability Company Agreement (Copano Energy, L.L.C.)

Allocations and Distributions. Allocations for Capital Account Purposes 46 45 Section 6.2 Allocations for Tax Purposes 55 56 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 57 58 Section 6.4 Distributions of Available Cash from Operating Surplus 58 59 Section 6.5 Distributions of Available Cash from Capital Surplus 59 60 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 60 61 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 60 61 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B IDR Reset Common Units 61 62 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 61 Section 6.10 Entity-Level Taxation 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 62 63 Section 7.2 Replacement of Fiduciary Duties 65 Section 7.3 Certificate of Limited Partnership 64 65 Section 7.3 7.4 Restrictions on the General Partner’s Authority 65 66 Section 7.4 7.5 Reimbursement of the General Partner 65 Section 7.5 Outside Activities 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner Outside Activities 67 Section 7.7 Indemnification 69 68 Section 7.8 Limitation of Liability of Indemnitees 71 69 Section 7.9 Resolution of Conflicts of Interest 71 Interest; Standards of Conduct and Modification of Duties 70 Section 7.10 Other Matters Concerning the General Partner 73 72 Section 7.11 Purchase or Sale of Partnership Securities Interests 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 7473 Section 7.13 Reliance by Third Parties 76

Appears in 1 contract

Samples: Limited Partnership Agreement (BP Midstream Partners LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!