Common use of Initial Capital Account Clause in Contracts

Initial Capital Account. The initial capital account with respect to each Class H Unit will be equal to the capital account of the Common Unit for which such Class H Unit was exchanged pursuant to the Exchange and Redemption Agreement.

Appears in 2 contracts

Samples: Partnership Agreement (Energy Transfer Partners, L.P.), Unitholders Agreement (Energy Transfer Partners, L.P.)

AutoNDA by SimpleDocs

Initial Capital Account. The initial capital account with respect to each Class H Unit will be equal to the capital account of the Common Unit for which such Class H Unit was exchanged pursuant to the Exchange and Redemption Agreement or the Exchange and Repurchase Agreement, as applicable, plus, in the case of any Common Unit exchanged pursuant to the Exchange and Repurchase Agreement, the value of any additional property other than cash contributed to the Partnership pursuant thereto.

Appears in 2 contracts

Samples: Exchange and Repurchase Agreement (Energy Transfer Partners, L.P.), Energy Transfer Partners, L.P.

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.