Conversion of Common Units. Subject to Section 2.2(h) and Section 2.4, each Common Unit issued and outstanding or deemed issued and outstanding in accordance with Section 2.3 as of immediately prior to the Effective Time shall be converted into the right to receive 1.50 (the “Exchange Ratio”) SXL Units (the “Merger Consideration”).
Appears in 3 contracts
Samples: Merger Agreement (Sunoco Logistics Partners L.P.), Merger Agreement (Energy Transfer Partners, L.P.), Merger Agreement
Conversion of Common Units. Subject to Section 2.2(h) and Section 2.4, each Common Unit issued and outstanding or deemed issued and outstanding in accordance with Section 2.3 as of immediately prior to the Effective Time shall be converted into the right to receive 1.50 0.4563 (the “Exchange Ratio”) SXL Parent Units (the “Merger Consideration”).
Appears in 2 contracts
Samples: Merger Agreement (Copano Energy, L.L.C.), Merger Agreement (Kinder Morgan Energy Partners L P)
