Issuance of Series A Preferred Units Sample Clauses

Issuance of Series A Preferred Units. The Series A-1 Convertible Preferred Units (excluding Series A-1 Convertible Preferred Units issued as Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Contribution Agreement. The Series A-2 Convertible Preferred Units (excluding Series A-2 Convertible Preferred Units issued as Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Series A-2 Convertible Preferred Unit Purchase Agreement between the Partnership and Magnolia Infrastructure Partners, LLC, dated as of March 30, 2015.

Issuance of Series A Preferred Units. The Series A Preferred Units shall be issued by the Partnership pursuant to the terms and conditions of the Regency GP Purchase Agreement.

Issuance of Series A Preferred Units. Pursuant to authority granted by Section 4.2 with the Consent of the Original Limited Partners and the Consent of the Additional Limited Partners, the General Partner caused the Partnership to establish a series of Partnership Interests representing the Series A Preferred Units, with such designations, preferences and relative, participating, optional or other special rights, powers and duties as are set forth in this Section 4.5. In the event of a conflict between this Section 4.5 and any other provision of this Agreement as to the Series A Preferred Units, the provisions of this Section 4.5 shall control.

Issuance of Series A Preferred Units. In consideration of the contribution to the Partnership on the Effective Date of the entire net proceeds received by the General Partner from the issuance of the Series A Preferred Shares, the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such issuance, which is $287,500,000, and the Partnership shall be deemed simultaneously to have distributed to the General Partner, as REIT Expenses, the amount of the underwriters' discount and other costs incurred by the General Partner in connection with such issuance. On the Effective Date, in consideration of the contribution to the Partnership made by the General Partner pursuant to this Section 4.2.F, the Partnership will issue to the General Partner, in respect of its Limited Partnership Interest and in addition to the Class A Units issued to the General Partner pursuant to this Section 4.2, 5,750,000 of a series of Preference Units designated as the "Series A Preferred Units" (as defined in Exhibit G hereto). The terms of the Series A Preferred Units are set forth in Exhibit G attached hereto.

Issuance of Series A Preferred Units. The Series A Preferred Units (excluding Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Contribution Agreement.

Issuance of Series A Preferred Units. The Company shall issue Series A Preferred Units to those Members, at the times and with an aggregate liquidation preference as specified for “Preferred Units” in the Merger Agreement. Upon any such issuance (i) the initial Capital Contributions described in Section 4.1 shall be deemed to be retroactively and proportionately reduced in an aggregate amount equal to the aggregate initial liquidation preference of the Series A Preferred Units so issued and (ii) consequently, the Capital Account of each Member shall be reduced in proportion to their Percentage Interests in an aggregate amount for all Members equal to the aggregate initial liquidation preference of the Series A Preferred Units so issued.

Issuance of Series A Preferred Units. Subject to Section 5.7, the Series A Preferred Units shall be issued by the Partnership pursuant to the terms and conditions of Regency Merger Agreement.

Issuance of Series A Preferred Units. The Series A Preferred Units are duly authorized, and, when issued and delivered pursuant to this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens, Taxes and other charges. Assuming the accuracy of the representations of the Purchaser in Article IV of this Agreement, the Series A Preferred Units will be issued in compliance with all Applicable Securities Laws. The Conversion Units have been duly authorized and reserved for issuance upon conversion of Series A Preferred Units and when so issued will be validly issued, fully paid and non-assessable, free and clear of all Liens, Taxes and other charges. Based in part upon the representations of the Purchaser in Article IV of this Agreement, the Common Units issuable upon conversion of the Series A Preferred Units will be issued in compliance with all Applicable Securities Laws. The Company has no series or class of Units, whether or not issued or outstanding, that will, upon issuance of the Series A Preferred Units, rank senior to or pari passu with the Series A Preferred Units with respect to the payment of Preference Payments or distributions, redemption, or the distribution of assets in the event of any dissolution, liquidation or winding up of the Company. All of the outstanding Units are duly authorized, validly issued, fully paid and nonassessable, have been issued in compliance with all Applicable Securities Laws, and none of the outstanding Units was issued in violation of any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase Equity Securities of the Company (or is subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase Equity Securities of the Company).

Issuance of Series A Preferred Units. In consideration of the contribution to the Partnership made by the General Partner pursuant to Section 1 hereof, the Partnership hereby issues to the General Partner 3,000,000 Series A Preferred Units (as defined herein).

Issuance of Series A Preferred Units. The Series A-1 Convertible Preferred Units (excluding Series A-1 Convertible Preferred Units issued as Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Contribution Agreement. The Series A-2 Convertible Preferred Units (excluding Series A-2 Convertible Preferred Units issued as Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Series A-2 Convertible Preferred Unit Purchase Agreement between the Partnership and Magnolia Infrastructure Partners, dated as of March 30, 2015. 7. Section 5.12(b)(viii)(B)(a) is hereby amended and restated as follows: (a) the number of Series A-1 Convertible Preferred Units and the number of Series A-2 Convertible Preferred Units to be converted, 8. Section 12.4(c) is hereby amended and restated as follows: