Common use of Common Units Held Clause in Contracts

Common Units Held. As of the date hereof, the issued and outstanding partnership interests of the Partnership consist of (i) 52,432,851 Common Units and 28,753,623 Subordinated Units and the Incentive Distribution Rights, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Rice Midstream Partners LP), Common Unit Purchase Agreement

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Common Units Held. As of the date hereof, the issued and outstanding partnership interests of the Partnership consist of (i) 52,432,851 28,753,788 Common Units and 28,753,623 Subordinated Units and the Incentive Distribution Rights, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Rice Midstream Partners LP)

Common Units Held. As of the date hereof, the issued and outstanding partnership interests of the Partnership consist of (i) 52,432,851 33,611,346 Common Units and 28,753,623 Subordinated Units and the Incentive Distribution Rights, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Enviva Partners, LP)

Common Units Held. As of the date hereof, the issued and outstanding partnership interests of the Partnership consist of (i) 52,432,851 29,940,957 Common Units and 28,753,623 75,940,957 Subordinated Units and the Incentive Distribution Rights, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Long-Term Incentive Plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Antero Midstream Partners LP)

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Common Units Held. As of the date hereof, immediately prior to the closing of the transactions contemplated by the Contribution Agreement, the issued and outstanding partnership interests of the Partnership consist of (i) 52,432,851 39,707,343 Common Units and 28,753,623 Subordinated Units and the Incentive Distribution RightsIDRs, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Longlong-Term Incentive Planterm incentive plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Noble Midstream Partners LP)

Common Units Held. As of the date hereof, the issued and outstanding partnership interests of the Partnership consist of (i) 52,432,851 15,902,584 Common Units and 28,753,623 15,902,584 Subordinated Units and the Incentive Distribution Rights, which are the only limited partner interests of the Partnership issued and outstanding (other than limited partner interests issued under the Partnership’s Longlong-Term Incentive Planterm incentive plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Noble Midstream Partners LP)

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