Common use of Distributions, Combinations and Subdivisions; Other Adjustments of Class E Units Clause in Contracts

Distributions, Combinations and Subdivisions; Other Adjustments of Class E Units. Notwithstanding anything in Section 4.11 to the contrary and except as provided in Section 4.17(j), the Partnership will not (i) make a distribution on Class E Units in additional Class E Units, (ii) subdivide or split its outstanding Class E Units into a greater number of Class E Units, (iii) combine or reclassify its Class E Units into a smaller number of Class E Units, (iv) issue by reclassification of its Class E Units any Partnership Securities (including any reclassification in connection with a merger, consolidation or business combination in which the Partnership is the surviving Person) or (v) enter into or consummate any other transaction similar to those in clauses (i) through (iv) of this Section 4.17(k).

Appears in 3 contracts

Samples: Contribution Agreement (Enbridge Energy Partners Lp), Contribution Agreement (Enbridge Energy Partners Lp), Enbridge Energy Partners Lp

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Distributions, Combinations and Subdivisions; Other Adjustments of Class E Units. Notwithstanding anything in Section 4.11 to the contrary and except as provided in Section 4.17(j), the Partnership will not (i) make a distribution on Class E Units in additional Class E Units, (ii) subdivide or split its outstanding Class E Units into a greater number of Class E Units, (iii) combine or reclassify its Class E Units into a smaller number of Class E Units, (iv) issue by reclassification of its Class E Units any Partnership Securities (including any reclassification in connection with a merger, consolidation or business combination in which the Partnership is the surviving Person) or (v) enter into or consummate any other transaction similar to those in clauses (i) through (iv) of this Section 4.17(k).or

Appears in 1 contract

Samples: www.lw.com

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