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Common use of Initial Capital Account Clause in Contracts

Initial Capital Account. The initial capital account with respect to each Class K Unit will be equal to the capital account of the ETP Class K Unit outstanding in ETP immediately prior to the ETP-SXL Merger that converted into the right to receive such Class K Unit.

Appears in 2 contracts

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

Initial Capital Account. The initial capital account with respect to each Class K Unit will be equal to the capital account of the ETP Class K Unit outstanding in ETP immediately prior to the ETP-SXL Merger that converted into the right to receive such Class K UnitIssue Price.

Appears in 2 contracts

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

Initial Capital Account. The initial capital account Capital Account with respect to each Class K C Unit will be equal to the capital account of the ETP Class K C Unit outstanding in ETP immediately prior to the ETP-SXL Merger that converted into the right to receive such Class K UnitIssue Price.

Appears in 1 contract

Samples: First Amended and Restated Agreement of Limited Partnership (Sunoco LP)