Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period. (b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 41 contracts
Samples: Agreement of Limited Partnership (Hess Midstream Partners LP), Limited Partnership Agreement (CNX Coal Resources LP), Agreement of Limited Partnership (Landmark Infrastructure Partners LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Tesoro Logistics Lp), Limited Partnership Agreement (Tesoro Logistics Lp), Agreement of Limited Partnership (OCI Resources LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall automatically convert into Common Units on a one-for-one basis on the expiration or termination of the Subordination Period.
(b) A Subordinated Common Unit that has converted into been issued upon conversion of a Common Subordinated Unit shall be subject to the provisions of Section 6.7.
Appears in 4 contracts
Samples: Contribution Agreement (American Midstream Partners, LP), Limited Partnership Agreement (American Midstream Partners, LP), Limited Partnership Agreement (Rose Rock Midstream, L.P.)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Common Unit that has converted into been issued upon a Common conversion of a Subordinated Unit shall be subject to the provisions of Section 6.7.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Green Plains Partners LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis (subject to appropriate adjustments in the event of any split, combination, recapitalization or other similar event involving the Common Units) on the expiration of the Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7C2.4.
Appears in 2 contracts
Samples: Limited Partnership Agreement (American Energy Capital Partners - Energy Recovery Program, Lp), Agreement of Limited Partnership (American Energy Capital Partners, LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Common Unit that has converted into been issued upon conversion of a Common Subordinated Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Samples: Limited Partnership Agreement (Noble Midstream Partners LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Class B Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Notwithstanding anything in this Agreement to the contrary, a Subordinated Unit that has converted into a Class B Common Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Samples: Limited Partnership Agreement (Midcoast Energy Partners, L.P.)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) (b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Samples: Limited Partnership Agreement (CONSOL Coal Resources LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.6.7 Section 5.8
Appears in 1 contract
Samples: Limited Partnership Agreement
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section Section 6.7.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Sunpower Corp)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of the their respective Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Samples: Limited Partnership Agreement (Armada Enterprises Lp)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert converted into Common Units on a one-for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Samples: Limited Partnership Agreement (EQM Midstream Partners, LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-one- for-one basis on the expiration of the Subordination Period.
(b) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Samples: Limited Partnership Agreement
