Common use of Books and Records of the Partnership Clause in Contracts

Books and Records of the Partnership. The books and records of the Partnership shall be revised to reflect (i) the cancellation and retirement of all Common Units that were converted into the right to receive the Merger Consideration and that, immediately following the Effective Time, Parent or its Subsidiaries will be the only holder(s) of Common Units and (ii) that the existence of the Partnership shall continue without dissolution.

Appears in 3 contracts

Samples: Merger Agreement, Merger Agreement, Merger Agreement (Valero Energy Partners Lp)

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Books and Records of the Partnership. The books and records of the Partnership shall be revised to reflect (i) the cancellation and retirement extinguishment of all Common Units that were converted into the right to receive the applicable Merger Consideration and that, immediately following the Effective Time, Parent or its Subsidiaries will be the only holder(s) of Common Units and (ii) that the existence of the Partnership shall continue without dissolution.

Appears in 1 contract

Samples: Merger Agreement (Martin Midstream Partners L.P.)

Books and Records of the Partnership. The books and records of the Partnership shall be revised to reflect (i) the cancellation and retirement of all Common Units that were converted into the right to receive the applicable Merger Consideration and that, immediately following the Effective Time, Parent or its Subsidiaries will be the only holder(s) of Common Units and (ii) that the existence of the Partnership shall continue without dissolution.

Appears in 1 contract

Samples: Merger Agreement (Blueknight Energy Partners, L.P.)

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Books and Records of the Partnership. The At the Effective Time, the books and records of the Partnership shall be revised to reflect (i) the cancellation and retirement of all Common Units that were converted into the right to receive the Merger Consideration and all Common Units converted into the Unit Alternative and that, immediately following the Effective Time, Parent or its Subsidiaries and the Brookfield Affiliated Holders will be the only holder(s) holders of Common Units and holders of Common Units electing the Unit Alternative will be the only holders of Rollover Units and (ii) that the existence of the Partnership shall continue without dissolution.

Appears in 1 contract

Samples: Merger Agreement (Brookfield Asset Management Inc.)

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