Common use of Limitation on Acquisitions of Subject Assets by Partnership Group Members Clause in Contracts

Limitation on Acquisitions of Subject Assets by Partnership Group Members. Notwithstanding anything in this Agreement to the contrary, a Partnership Group Member who is not a party to this Agreement is prohibited from acquiring Subject Assets. In the event the General Partner desires a Partnership Group Member who is not a party to this Agreement to acquire any Subject Assets, then the General Partner shall first cause such Partnership Group Member to become a party to this Agreement.

Appears in 14 contracts

Samples: Omnibus Agreement, Omnibus Agreement (HollyFrontier Corp), Omnibus Agreement (HollyFrontier Corp)

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