Common use of Capitalization and Valid Issuance of Purchased Units Clause in Contracts

Capitalization and Valid Issuance of Purchased Units. (a) On the applicable Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Purchased Units as set forth in the Fourth Amended and Restated Agreement of Limited Partnership.

Appears in 2 contracts

Samples: Series C Preferred Unit Purchase Agreement, Series C Preferred Unit Purchase Agreement (Teekay Offshore Partners L.P.)

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Capitalization and Valid Issuance of Purchased Units. (a) On the applicable Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Purchased Common Units as set forth in the Fourth Amended and Restated Agreement of Limited PartnershipPartnership Agreement.

Appears in 1 contract

Samples: Unit Purchase Agreement (Arc Logistics Partners LP)

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Capitalization and Valid Issuance of Purchased Units. (a) On the applicable Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Purchased Units as set forth in the Fourth Fifth Amended and Restated Agreement of Limited Partnership.

Appears in 1 contract

Samples: Series D Preferred Unit and Warrant (Teekay Offshore Partners L.P.)

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