Common use of Description of Units Clause in Contracts

Description of Units. The Partnership proposes to issue and sell through or to the Manager, as sales agent and/or principal, common units representing limited partner interests in the Partnership (“Units”), having an aggregate gross sales price of up to $300,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the Manager, the Partnership hereby appoints the Manager as exclusive agent of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 hereof.

Appears in 1 contract

Samples: ONEOK Partners LP

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Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, as sales agent agents and/or principalprincipals, the Partnership’s common units representing limited partner interests in (the Partnership (Common Units”), having an aggregate gross sales price of up to $300,000,000 125,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the Manager Managers as exclusive agent agents of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the any Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 19 hereof.

Appears in 1 contract

Samples: Terms Agreement (Western Gas Partners LP)

Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, each as a sales agent and/or principal, common units representing limited partner interests in the Partnership (“Common Units”), ) having an aggregate gross sales price of up to the public not to exceed $300,000,000 1,000,000,000 (the “Offered Units”), ) from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the each Manager as exclusive an agent of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 hereof.

Appears in 1 contract

Samples: Terms Agreement (Regency Energy Partners LP)

Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, as sales agent agents and/or principalprincipals, common units representing limited partner interests in the Partnership (the Common Units”), having an aggregate gross sales price of up to $300,000,000 150,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the Manager Managers as exclusive agent agents of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its commercially reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the any Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 20 hereof. As used herein, the Partnership Parties and the Operating Subsidiaries (as defined below) are referred to collectively herein as the “Partnership Entities.

Appears in 1 contract

Samples: Equity Distribution Agreement (Summit Midstream Partners, LP)

Description of Units. The Partnership Company proposes to issue and sell through or to the Manager, as sales agent and/or principal, common units representing limited partner liability company interests in the Partnership Company (the “Units”), having an aggregate gross sales price of up to $300,000,000 500,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the Manager, the Partnership Company hereby appoints the Manager as exclusive agent of the Partnership Company for the purpose of soliciting purchases of the Offered Units from the Partnership Company pursuant to this Agreement and the Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership Company agrees that whenever it determines to sell the Offered Units directly to the Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 hereof.

Appears in 1 contract

Samples: Terms Agreement (Linn Energy, LLC)

Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, as sales agent agents and/or principal, common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price of up to $300,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the Manager Managers as exclusive agent agents of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 hereof.

Appears in 1 contract

Samples: Shell Midstream Partners, L.P.

Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, each as a sales agent and/or principal, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price to the public of up to $300,000,000 100,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the each Manager as exclusive an agent of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) with such Manager in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 20 hereof.

Appears in 1 contract

Samples: Equity Distribution Agreement (Enviva Partners, LP)

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Description of Units. The Partnership proposes to issue and sell through or to the Manager, as sales agent and/or principal, the Partnership’s common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price of up to $300,000,000 200,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the Manager, the Partnership hereby appoints the Manager as exclusive agent of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 hereof.

Appears in 1 contract

Samples: Terms Agreement (Regency Energy Partners LP)

Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, as sales agent agents and/or principalprincipals, common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price to the public of up to $300,000,000 75,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the Manager Managers as exclusive agent agents of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the any Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 19 hereof.

Appears in 1 contract

Samples: Terms Agreement (Natural Resource Partners Lp)

Description of Units. The Partnership proposes to issue and sell through or to the ManagerManagers, as sales agent agents and/or principalprincipals, common units representing limited partner interests in the Partnership (“Common Units”), having an aggregate gross sales price of up to $300,000,000 350,000,000 (the “Offered Units”), from time to time during the term of this Agreement and on the terms set forth in Section 3 of this Agreement. For purposes of selling the Offered Units through the ManagerManagers, the Partnership hereby appoints the Manager Managers as exclusive agent agents of the Partnership for the purpose of soliciting purchases of the Offered Units from the Partnership pursuant to this Agreement and the each Manager agrees to use its reasonable efforts to solicit purchases of the Offered Units on the terms and subject to the conditions stated herein. The Partnership agrees that whenever it determines to sell the Offered Units directly to the a Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 3 of this Agreement. Certain terms used herein are defined in Section 18 hereof.

Appears in 1 contract

Samples: Terms Agreement (Valero Energy Partners Lp)

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