Common use of Distribution Restrictions Clause in Contracts

Distribution Restrictions. No Partnership Entity is, and on the Closing Date and each settlement date no Partnership Entity will be, prohibited, directly or indirectly, from making any distribution with respect to its equity interests, from repaying any loans or advances to any other Partnership Entity or from transferring any of its property or assets to the Partnership or any other Partnership Entity, except as described in or contemplated by the Registration Statement, the Disclosure Package and the Prospectus.

Appears in 4 contracts

Samples: Sunrise Expansion Precedent Agreement (EQT Midstream Partners, LP), Sunrise Expansion Precedent Agreement (EQT Midstream Partners, LP), Sunrise Expansion Precedent Agreement (EQT Midstream Partners, LP)

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Distribution Restrictions. No Partnership Entity is, and on at the Closing Date and each settlement date Time of Delivery no Partnership Entity will be, prohibited, directly or indirectly, from making any distribution with respect to its equity interests, from repaying any loans or advances to any other Partnership Entity or from transferring any of its property or assets to the Partnership or any other Partnership Entity, except as described in or contemplated by the Registration Statement, the Disclosure Package and the Prospectus.

Appears in 3 contracts

Samples: Gathering Agreement (EQT Midstream Partners, LP), Jupiter Gas Gathering Agreement (EQT Midstream Partners, LP), Sunrise Expansion Precedent Agreement (EQT Midstream Partners, LP)

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Distribution Restrictions. No Partnership Entity is, and on On the Closing Date and each settlement date date, after giving effect to the Transactions, no Partnership Entity will be, be prohibited, directly or indirectly, from making any distribution with respect to its equity interests, from repaying any loans or advances to any other Partnership Entity or from transferring any of its property or assets to the Partnership or any other Partnership Entity, except as described in or contemplated by the Registration Statement, the Disclosure Package and the Prospectus.

Appears in 3 contracts

Samples: Underwriting Agreement (OCI Resources LP), Underwriting Agreement (VTTI Energy Partners LP), Underwriting Agreement (OCI Resources LP)

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