Common use of Contributed Units Clause in Contracts

Contributed Units. The General Partner may in its discretion dispose of any or all of the Contributed Units in connection with the administration of the Option Plan, including without limitation any exercise of cancellation of an Option or any termination of the Plan. Proceeds of any Special Disposition shall be distributed in accordance with Section 4.1(d). Proceeds of any other disposition of Contributed Units may be disbursed at the discretion of the General Partner.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Plains All American Pipeline Lp), Limited Partnership Agreement (Plains All American Pipeline Lp), Limited Partnership Agreement (Plains All American Pipeline Lp)

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Contributed Units. The General Partner may in its discretion dispose of any or all of the Contributed Units in connection with the administration of the Option Plan, including without limitation any exercise of cancellation of an Option or any termination of the Plan. Proceeds of any Special Disposition shall be distributed in accordance with Section 4.1(d4.1(c). Proceeds of any other disposition of Contributed Units may be disbursed at the discretion of the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Plains All American Pipeline Lp)

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