Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period. (b) The Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Dominion Energy Midstream Partners, LP), Limited Partnership Agreement (Dominion Midstream Partners, LP), Limited Partnership Agreement (Enviva 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 first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 5 contracts
Samples: Limited Partnership Agreement (BP Midstream Partners LP), Limited Partnership Agreement (BP Midstream Partners LP), Limited Partnership Agreement (Oasis Midstream 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 first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The Notwithstanding any other provision of this Agreement, all of the then Outstanding Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 5 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement (PBF Logistics LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the first Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The Notwithstanding any other provision of this Agreement, all of the then Outstanding Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Western Refining Logistics, LP), Limited Partnership Agreement (New Source Energy Partners L.P.), 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 first Business Day following the distribution pursuant to Section 6.3(a6.4(a) in respect of the final full Quarter of the Subordination Period.
(b) The Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Crestwood Equity Partners LP), Limited Partnership Agreement (Inergy 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 first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.. DOMINION MIDSTREAM PARTNERS, LP SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
Appears in 2 contracts
Samples: Limited Partnership Agreement (Dominion Midstream Partners, LP), Purchase Agreement (Dominion Midstream 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 first Business Day following the distribution pursuant to Section 6.3(a6.4(a) in respect of the final full Quarter of the Subordination Period.
(b) The Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Columbia Pipeline Partners LP), Limited Partnership Agreement (Columbia Pipeline Partners LP)
Conversion of Subordinated Units. (a) All of the Outstanding Subordinated Units shall will convert into Common Units on a one-for-one basis on the first Business Day following immediately after the distribution of Available Cash to Members pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The A Subordinated Units may convert Unit that has converted into a Common Units on a one-for-one basis as set forth in, and pursuant Unit shall be subject to the terms of, provisions of Section 11.46.7(b).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Copano Energy, L.L.C.), Limited Liability Company Agreement (Copano Energy, L.L.C.)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The Notwithstanding any other provision of this Agreement, all the then Outstanding Subordinated Units may shall convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 1 contract
Samples: Limited Partnership Agreement (Lehigh Gas 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 first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter end of the Subordination Period.
(b) The Subordinated Units may also convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4. QR Energy, LP First Amended and Restated Agreement of Limited Partnership
(c) A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.
Appears in 1 contract
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the first Business Day following the distribution pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.. FORESIGHT ENERGY LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
Appears in 1 contract
Samples: Limited Partnership Agreement (Foresight Energy LP)
Conversion of Subordinated Units. (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the first Business Day following the distribution pursuant to Section 6.3(a6.4(a) in respect of the final full Quarter of the Subordination Period.
(b) The Notwithstanding any other provision of this Agreement, all of the then Outstanding Subordinated Units may convert into Common Units on a one-for-one basis as set forth in, and pursuant to the terms of, Section 11.4.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hi-Crush Partners LP)
Conversion of Subordinated Units. (a) All of the Outstanding Subordinated Units shall will convert automatically into Common Units on a one-for-one basis on the first Business Day following immediately after the distribution of Available Cash to Members pursuant to Section 6.3(a) in respect of the final full Quarter of the Subordination Period.
(b) The A Subordinated Units may convert Unit that has converted into a Common Units on a one-for-one basis as set forth in, and pursuant Unit shall be subject to the terms of, provisions of Section 11.46.7(b).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Copano Energy, L.L.C.)
