Exchange of MI LP Interests for the Exchange Consideration. The Partners hereby agree to assign, transfer and deliver to Parent all right, title and interest in and to all of the outstanding limited partnership interests of the Partnership (“MI LP Interests”) at Closing in exchange for the Exchange Consideration (as defined below) to be delivered by Parent. Parent hereby agrees to pay, assign, transfer and deliver the Exchange Consideration to the Partners at Closing in accordance with this Agreement and such Exchange Consideration shall be allocated among the Partners in proportion to the respective Percentage Interest owned by each Partner as set forth in Exhibit B hereto.
Appears in 5 contracts
Samples: Agreement and Plan of Exchange (Royale Energy, Inc.), Agreement and Plan of Exchange (Royale Energy, Inc.), Agreement and Plan of Exchange (Royale Energy Inc)
Exchange of MI LP Interests for the Exchange Consideration. The Partners hereby agree to assign, transfer and deliver to Parent all right, title and interest in and to all of the outstanding limited partnership interests (other than the Matrix Preferred Interests) of the Partnership (“MI LP Interests”) at Closing in exchange for the Exchange Consideration (as defined below) to be delivered by Parent. Parent hereby agrees to pay, assign, transfer and deliver the Exchange Consideration to the Partners at Closing in accordance with this Agreement and such Exchange Consideration shall be allocated among the Partners in proportion to the respective Percentage Interest owned by each Partner as set forth in Exhibit B hereto.
Appears in 1 contract
Samples: Agreement and Plan of Exchange (Royale Energy, Inc.)
