Consideration for HIP LP Contributions. In consideration for the contributions described in Sections 2.3(b), 2.4(b) and 2.5(b) above, the Parties acknowledge that HIP LP is entitled to receive (i) [ ] Common Units and [ ] Subordinated Units, representing an aggregate [ ]% limited partner interest in the Partnership (the “Closing Date Common Units” and the “Closing Date Subordinated Units,” respectively), (ii) the cash distribution described in Section 2.14, below, and (iii) a number of additional Common Units or an additional cash distribution, or a combination of both, after giving effect to any exercise of the Over-Allotment Option and the Deferred Issuance (any such additional Common Units, the “Deferred Issuance Units”). HIP LP hereby instructs the Partnership to issue the Closing Date Common Units, the Closing Date Subordinated Units and the Deferred Issuance Units, if any, in each case 50% directly to HINDL and 50% directly to GIP.
Consideration for HIP LP Contributions. In consideration for the contributions to the Partnership described in Sections 2.3(b), 2.4(b)(i), 2.5(b) and 2.6(b) above, the Parties acknowledge that HIP LP is entitled to receive (a) 10,282,654 Common Units and 27,279,654 Subordinated Units, representing an aggregate 67.47% limited partner interest in the Partnership (the “Closing Date Common Units” and the “Closing Date Subordinated Units,” respectively), (b) the cash distribution described in Section 2.13, below, and (c) a number of additional Common Units or an additional cash distribution, or a combination of both, after giving effect to any exercise of the Over-Allotment Option and the Deferred Issuance (any such additional Common Units, the “Deferred Issuance Units”). HIP LP hereby instructs the Partnership to issue the Closing Date Common Units, the Closing Date Subordinated Units and the Deferred Issuance Units, if any, in each case 50% directly to HINDL and 50% directly to GIP.
