Common use of Initial Capital Account Clause in Contracts

Initial Capital Account. The initial capital account with respect to each Class M Unit will be equal to the purchase price as set forth in the Contribution and Assumption Agreement, divided by the number of Class M Units issued to ETP Holdco.

Appears in 4 contracts

Samples: Fifth Amended and Restated Agreement of Limited Partnership (Energy Transfer Operating, L.P.), Amendment No. 4 to Fifth Amended and Restated Agreement of Limited Partnership, Fifth Amended and Restated Agreement of Limited Partnership (Energy Transfer Operating, L.P.)

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Initial Capital Account. The initial capital account with respect to each Class M N Unit will be equal to the purchase price as set forth in the Contribution and Assumption AgreementAgreements, divided by the number of Class M N Units issued to ETP Holdco.

Appears in 2 contracts

Samples: Fifth Amended and Restated Agreement of Limited Partnership (Energy Transfer Operating, L.P.), Fifth Amended and Restated Agreement of Limited Partnership

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