Common use of Directed Unit Program Clause in Contracts

Directed Unit Program. In connection with the Directed Unit Program, to ensure that the Directed Units will be restricted from sale, transfer, assignment, pledge or hypothecation for a period commencing on the date hereof and ending on the 90th day after the date of the Prospectus, and the Representative will notify the Partnership as to which Directed Unit Participants will need to be so restricted. At the request of the Representative, the Partnership will direct the transfer agent to place stop transfer restrictions upon such securities for such period of time.

Appears in 2 contracts

Samples: Underwriting Agreement (Alliance Holdings GP, L.P.), Underwriting Agreement (Alliance Holdings GP, L.P.)

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Directed Unit Program. In connection with the Directed Unit Program, to ensure that the Directed Units will be restricted from sale, transfer, assignment, pledge or hypothecation for a period commencing on the date hereof and ending on the 90th day after the date of the Prospectus, and the Representative Representatives will notify the Partnership as to which Directed Unit Participants will need to be so restricted. At the request of the RepresentativeRepresentatives, the Partnership will direct the transfer agent to place stop transfer restrictions upon such securities for such period of time.

Appears in 2 contracts

Samples: Letter Agreement (BreitBurn Energy Partners L.P.), BreitBurn Energy Partners L.P.

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Directed Unit Program. In connection with the Directed Unit Program, to ensure that the Directed Units will be restricted from sale, transfer, assignment, pledge or hypothecation for a period commencing on the date hereof and ending on the 90th 180th day after the date of the Prospectus, and the Representative will notify the Partnership Company as to which Directed Unit Participants will need to be so restricted. At the request of the Representative, the Partnership Company will direct the transfer agent to place stop transfer restrictions upon such securities for such period of time.

Appears in 2 contracts

Samples: Underwriting Agreement (Valero Gp Holdings LLC), Underwriting Agreement (Valero Gp Holdings LLC)

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