General Partner Approval. The board of directors of Parent GP on behalf of VLI GP has (i) determined that this Agreement and the transactions contemplated hereby are advisable, fair to and in the best interests of the unitholders of VLI, (ii) approved and adopted this Agreement, and (iii) recommended the approval of the issuance of the VLI Common Units by the VLI Unitholders contemplated by this Agreement.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Kaneb Pipe Line Partners L P), Agreement and Plan of Merger (Valero L P)
General Partner Approval. The board of directors of Parent GP on behalf of VLI GP has (i) determined that this Agreement and the transactions contemplated hereby are advisable, fair to and in the best interests of the unitholders of VLI, (ii) approved and adopted this Agreement, and (iii) recommended the approval of the issuance of the VLI Common Units by the VLI Unitholders as contemplated by this the KPP Merger Agreement.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Kaneb Services LLC), Agreement and Plan of Merger (Valero L P)
