Common use of Establishment of Class C Units Clause in Contracts

Establishment of Class C Units. (a) The General Partner hereby designates and creates a series of Limited Partner Units to be designated as “Class C Units” and consisting, as of the date hereof, of a total of 6,220,658 Class C Units, having the terms and conditions set forth herein. (b) The holders of the Class C Units shall have rights upon dissolution and liquidation of the Partnership, including the right to share in any liquidating distributions pursuant to Section 14.3, in accordance with Article XIV of the Partnership Agreement.

Appears in 2 contracts

Samples: Amendment No. 6 to Amended and Restated Agreement of Limited Partnership (Buckeye Partners, L.P.), Amendment No. 6 to Amended and Restated Agreement of Limited Partnership

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Establishment of Class C Units. (a) The General Partner hereby designates and creates a series of Limited Partner Units Interests to be designated as “Class C Units,and consisting, as of the date hereof, initially consisting of a total of 6,220,658 10,913,853 Class C UnitsUnits and such additional Class C Units as may be issued pursuant to the provisions of 5.12(d), having the terms and conditions set forth herein. (b) The holders of the Class C Units shall have rights upon dissolution and liquidation of the Partnership, including the right to share in any liquidating distributions pursuant to Section 14.312.4, in accordance with Article XIV XII of the Partnership this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Western Gas Partners LP), Agreement of Limited Partnership (Western Gas Partners LP)

Establishment of Class C Units. (a) The General Partner hereby designates and creates a series of Limited Partner Units Interests to be designated as “Class C Units” and consisting, as of the date hereof, consisting of a total of 6,220,658 7,500,000 Class C Units, having the terms and conditions set forth herein. (b) The holders of the Class C Units shall have rights upon dissolution and liquidation of the Partnership, including the right to share in any liquidating distributions pursuant to Section 14.312.4, in accordance with Article XIV XII of the Partnership this Agreement.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Crestwood Midstream Partners LP)

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Establishment of Class C Units. (a) The General Partner hereby designates and creates a series of Limited Partner Units Interests to be designated as “Class C Units,and consisting, as of the date hereof, initially consisting of a total of 6,220,658 [—] Class C UnitsUnits and such additional Class C Units as may be issued pursuant to the provisions of 5.12(d), having the terms and conditions set forth herein. (b) The holders of the Class C Units shall have rights upon dissolution and liquidation of the Partnership, including the right to share in any liquidating distributions pursuant to Section 14.312.4, in accordance with Article XIV XII of the Partnership this Agreement.

Appears in 1 contract

Samples: Unit Purchase Agreement (Western Gas Partners LP)

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