Common use of AUTOMATIC PROVISIONS Clause in Contracts

AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 days following the date of issuance of the Class B Units, then effective as of the next succeeding day (the “Class B Distribution Increase Date”) until the Conversion Effective Date, Section 5.11(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 9 contracts

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

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AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 days following the date of issuance of the Class B C Units, then then, effective as of the next succeeding day (the “Class B C Distribution Increase Date”) until the Conversion Effective Date, Section 5.11(b5.12(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 3 contracts

Samples: Amendment No. 1 to Third Amended and Restated Agreement of Limited Partnership, Amendment No. 1 to Third Amended and Restated Agreement of Limited Partnership, Third Amended and Restated Agreement of Limited Partnership (Energy Transfer Equity, L.P.)

AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 days following on or prior to the date 180th day after the earlier to occur of issuance of (1) the Class B UnitsSecond Closing and (2) March 31, then 2008, then, effective as of the next succeeding day after such 180th day (the “Class B Distribution Increase Date”) until the Conversion Effective Date, Section 5.11(b5.12(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 3 contracts

Samples: Contribution Agreement (Natural Resource Partners Lp), Agreement of Limited Partnership (Natural Resource Partners Lp), Limited Partnership Agreement (Natural Resource Partners Lp)

AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 days following the date of issuance of the Class B Convertible Units, then then, effective as of the next succeeding day (the “Class B Distribution Increase Date”) until the Conversion Effective Date, Section 5.11(b5.12(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 2 contracts

Samples: Amendment to Limited Partnership Agreement (U.S. Shipping Partners L.P.), Amendment No. 1 to Amended and Restated Agreement of Limited Partnership (U.S. Shipping Partners L.P.)

AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 days following the date of issuance of the Class B Units, then effective as of the next succeeding day (the Class B Distribution Increase DateDate ”) until the Conversion Effective Date, Section 5.11(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 2 contracts

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

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AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 270 days following the date of issuance of the Class B Units, then effective as of the next succeeding day (the “Class B Distribution Increase Date”) until the Conversion Effective Date, Section 5.11(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 1 contract

Samples: Limited Partnership Agreement (Global Partners Lp)

AUTOMATIC PROVISIONS. If the Conversion Effective Date has not occurred within 180 days following the date of issuance of the Class B C Units, then then, effective as of the next succeeding day (the Class B C Distribution Increase DateDate ”) until the Conversion Effective Date, Section 5.11(b5.12(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 1 contract

Samples: Third Amended and Restated Agreement of Limited Partnership (Energy Transfer LP)

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