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.

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.