Common use of Contributions by the General Partner and its Affiliates Clause in Contracts

Contributions by the General Partner and its Affiliates. Upon the issuance of any additional Limited Partner Interests by the Partnership, the General Partner may, in exchange for a proportionate number of General Partner Units, make additional Capital Contributions in an amount up to the product obtained by multiplying (i) the quotient determined by dividing (A) the General Partner’s Percentage Interest by (B) 100 less the General Partner’s Percentage Interest times (ii) the amount contributed to the Partnership by the Limited Partners in exchange for such additional Limited Partner Interests. Except as set forth in Article XII, the General Partner shall not be obligated to make any additional Capital Contributions to the Partnership.

Appears in 2 contracts

Samples: Limited Partnership Agreement (K-Sea Transportation Partners Lp), Limited Partnership Agreement (K-Sea Transportation Partners Lp)

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Contributions by the General Partner and its Affiliates. Upon the issuance of any additional Limited Partner Interests by the Partnership, the General Partner may, in exchange for a proportionate number of General Partner Unitsorder to maintain its Percentage Interest, make additional Capital Contributions in an amount up equal to the product obtained by multiplying (i) the quotient determined by dividing (A) the General Partner’s Percentage Interest by (B) 100 100% less the General Partner’s Percentage Interest times (ii) the amount contributed to the Partnership by the Limited Partners in exchange for such additional Limited Partner Interests. Except as set forth in Article XIISection 12.8, the General Partner shall not be obligated to make any additional Capital Contributions to the Partnership.

Appears in 1 contract

Samples: Agreement of Limited Partnership (CSI Compressco LP)

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Contributions by the General Partner and its Affiliates. Upon the issuance of any additional Limited Partner Interests by the PartnershipPartnership (other than the issuance of Limited Partner Interests pursuant to the Underwriting Agreement), the General Partner may, in exchange for a proportionate number of General Partner Unitsorder to maintain its Percentage Interest, make additional Capital Contributions in an amount up equal to the product obtained by multiplying (i) the quotient determined by dividing (A) the General Partner’s Percentage Interest by (B) 100 less the General Partner’s Percentage Interest times (ii) the amount contributed to the Partnership by the Limited Partners in exchange for such additional Limited Partner Interests. Except Notwithstanding the immediately preceding sentence, except as set forth in Article XII, the General Partner shall not be obligated to make any additional Capital Contributions to the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Armstrong Resource Partners, L.P.)

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