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

Distributions, Combinations and Subdivisions; Other Adjustments. (A) If, after the Series A Issuance Date and prior to the earlier of the Series A Maturity Date and the Series A Redemption Date, the Partnership (a) makes a distribution on its Common Units in Common Units, (b) subdivides or splits its Common Units into a greater number of Common Units, (c) combines or reclassifies its Common Units into a smaller number of Common Units, (each of the events described in clauses (a) through (c), a “Series A Adjustment Event”) or (d) makes a distribution on its Common Units in any property other than cash or Common Units (a “Special Distribution”), then calculation of the Series A Conversion Consideration and the Series A Redemption Consideration shall be adjusted as provided in this Section 5.13(b)(xii)(A) and Sections 5.13(b)(xii)(C) and (D).

Appears in 2 contracts

Samples: Gp Purchase Agreement (Energy Transfer Equity, L.P.), General Partner Purchase Agreement (Energy Transfer Equity, L.P.)

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Distributions, Combinations and Subdivisions; Other Adjustments. (A) If, after the Series A Issuance Date and prior to the earlier of the Series A Maturity Date and the Series A Redemption Date, the Partnership (a) makes a distribution on its Common Units in Common Units, (b) subdivides or splits its Common Units into a greater number of Common Units, (c) combines or reclassifies its Common Units into a smaller number of Common Units, (each of the events described in clauses (a) through (c), a Series A Adjustment EventEvent ”) or (d) makes a distribution on its Common Units in any property other than cash or Common Units (a Special DistributionDistribution ”), then calculation of the Series A Conversion Consideration and the Series A Redemption Consideration shall be adjusted as provided in this Section 5.13(b)(xii)(A) and Sections 5.13(b)(xii)(C) and (D).

Appears in 1 contract

Samples: Gp Purchase Agreement (Energy Transfer LP)

Distributions, Combinations and Subdivisions; Other Adjustments. (A) A. If, after the Series A Issuance Date and prior to the earlier of the Series A Maturity Date and the Series A Redemption Date, the Partnership (a) makes a distribution on its Common Units in Common Units, (b) subdivides or splits its Common Units into a greater number of Common Units, (c) combines or reclassifies its Common Units into a smaller number of Common Units, (each of the events described in clauses (a) through (c), a “Series A Adjustment Event”) or (d) makes a distribution on its Common Units in any property other than cash or Common Units (a “Special Distribution”), then calculation of the Series A Conversion Consideration and the Series A Redemption Consideration shall be adjusted as provided in this Section 5.13(b)(xii)(A5.8(b)(xii)(A) and Sections 5.13(b)(xii)(C5.8(b)(xii)(C) and (D).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southern Union Co)

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Distributions, Combinations and Subdivisions; Other Adjustments. (A) A. If, after the Series A Issuance Date and prior to the earlier of the Series A Maturity Date and the Series A Redemption Date, the Partnership (a) makes a distribution on its Common Units in Common Units, (b) subdivides or splits its Common Units into a greater number of Common Units, (c) combines or reclassifies its Energy Transfer Equity, L.P Common Units into a smaller number of Common Units, (each of the events described in clauses (a) through (c), a “Series A Adjustment Event”) or (d) makes a distribution on its Common Units in any property other than cash or Common Units (a “Special Distribution”), then calculation of the Series A Conversion Consideration and the Series A Redemption Consideration shall be adjusted as provided in this Section 5.13(b)(xii)(A5.8(b)(xii)(A) and Sections 5.13(b)(xii)(C5.8(b)(xii)(C) and (D).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Energy Transfer Equity, L.P.)

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