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: Purchase and Sale Agreement (Williams Partners L.P.), Williams Partners L.P., 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: www.sec.gov, ir.energytransfer.com, 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), Natural Resource Partners Lp, 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: U.S. Shipping Partners L.P., 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: Dissolution and Liquidation (Williams Partners L.P.), Dissolution and Liquidation (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: 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: Energy Transfer LP

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