Common use of General Partner Interests Clause in Contracts

General Partner Interests. The General Partner is the sole general partner of the Partnership, with a noneconomic general partner interest in the Partnership; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued and is owned by the General Partner free and clear of any Liens.

Appears in 13 contracts

Samples: Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners, L.P.)

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General Partner Interests. The General Partner is the sole general partner of the Partnership, with a noneconomic (A) an approximate 0.5% general partner interest in the PartnershipPartnership represented by 243,914 units and (B) the general partner interest represented by the Fifth Amended and Restated Incentive Compensation Agreement, dated as of August 9, 2006, between the Partnership and the General Partner; such general partner interest is interests are the only general partner interest interests of the Partnership that is are issued and outstanding; and such general partner interest has interests have been duly authorized and validly issued and is are owned by the General Partner free and clear of any Liens.

Appears in 5 contracts

Samples: Underwriting Agreement (Buckeye Partners, L.P.), Underwriting Agreement (Buckeye Partners L P), Underwriting Agreement (Buckeye Partners L P)

General Partner Interests. The General Partner is the sole general partner of each of the PartnershipOperating Partnerships, with a noneconomic general partner interest in each of the PartnershipOperating Partnerships of 1% (other than BPH, which is slightly less than 1%); such general partner interest is interests are the only general partner interest of the Partnership that is interests issued and outstanding; and such general partner interest has interests of each of the Operating Partnerships have been duly authorized and validly issued issued, and is such general partner interests of the Operating Partnerships are owned by the General Partner free and clear of any Liens.

Appears in 4 contracts

Samples: Underwriting Agreement (Buckeye Partners L P), Underwriting Agreement (Buckeye Partners L P), Underwriting Agreement (Buckeye Partners L P)

General Partner Interests. The General Partner is the sole general partner of the Partnership, with a noneconomic an approximate 1% general partner interest in the Partnership, which is represented by 243,914 units; such general partner interest of the Partnership is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly and validly authorized and validly issued and such general partner interest of the Partnership is owned by the General Partner free and clear of any Liens.

Appears in 3 contracts

Samples: Underwriting Agreement (Buckeye Partners L P), Underwriting Agreement (Buckeye Partners L P), Guaranty Agreement (Buckeye Partners L P)

General Partner Interests. The General Partner is the sole general partner of the Partnership, with a noneconomic an approximate 0.6% general partner interest in the Partnership, which is represented by 243,914 units; such general partner interest of the Partnership is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly and validly authorized and validly issued and such general partner interest of the Partnership is owned by the General Partner free and clear of any Liens.

Appears in 2 contracts

Samples: Underwriting Agreement (Buckeye Partners L P), Buckeye Partners L P

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General Partner Interests. The General Partner is the sole general partner of the Partnership, with a noneconomic an approximate 1% general partner interest in the PartnershipPartnership of, which is represented by 243,914 units; such general partner interest of the Partnership is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly and validly authorized and validly issued and such general partner interest of the Partnership is owned by the General Partner free and clear of any Liens.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

General Partner Interests. The General Partner is the sole general partner of the Partnership, with a noneconomic general partner interest in the Partnership; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued and is owned by the General Partner free and clear of any perfected security interest or any other security interest, claim, lien or encumbrance (collectively, “Liens”).

Appears in 1 contract

Samples: Distribution Agreement (Buckeye Partners, L.P.)

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