Limitations on Issuance of Additional Partnership Interests. The Partnership may issue an unlimited number of Partnership Interests (or options, rights, warrants or appreciation rights related thereto) pursuant to Section 5.4 without the approval of the Partners; provided, however, that no fractional units shall be issued by the Partnership; and provided, further, that without the approval of the General Partner, the Partnership shall not issue any equity where such issuance (as determined by the Board of Directors) (a) is not reasonably expected to be accretive to equity within 12 months of issuance or (b) would otherwise have a material adverse impact on the General Partner or the General Partner Interest.
Appears in 8 contracts
Samples: q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com, GasLog Partners LP, GasLog Partners LP
Limitations on Issuance of Additional Partnership Interests. The Partnership may issue an unlimited number of Partnership Interests (or options, rights, warrants or appreciation rights related thereto) pursuant to Section 5.4 without the approval of the Partners; provided, however, that no fractional units shall be issued by the Partnership; and provided, further, that without the approval of the General Partner, the Partnership shall not issue any equity where such issuance (as determined by the Board of Directors) (a) is not reasonably expected to be accretive to equity within 12 months of issuance or (b) would otherwise have a material adverse impact on the General Partner or Partner, the General Partner InterestInterest or the ability of the Partnership to satisfy the tests set forth in the definition of Subordination Period.
Appears in 6 contracts
Samples: Agreement (GasLog Partners LP), GasLog Partners LP, Hoegh LNG Partners LP
Limitations on Issuance of Additional Partnership Interests. The Partnership may issue an unlimited number of Partnership Interests (or options, rights, warrants or appreciation rights related thereto) pursuant to Section 5.4 without the approval of the Partners; provided, however, that no fractional units shall be issued by the Partnership; and provided, further, that without the approval of the General Partner, the Partnership shall not issue any equity where such issuance (as determined by the Board of Directors) (ai) is not reasonably expected to be accretive to equity within 12 months of issuance or (bii) would otherwise have a material adverse impact on the General Partner or the General Partner Interest.
Appears in 4 contracts
Samples: Exchange Agreement (Golar LNG Partners LP), Golar LNG Partners LP, Golar LNG Partners LP
Limitations on Issuance of Additional Partnership Interests. The Subject to Section 5.11(a), the Partnership may issue an unlimited number of Partnership Interests (or options, rights, warrants or appreciation rights related thereto) pursuant to Section 5.4 without the approval of the Partners; provided, however, that no fractional units shall be issued by the Partnership; and provided, further, that without the approval of the General Partner, the Partnership shall not issue any equity where such issuance (as determined by the Board of Directors) (a) is not reasonably expected to be accretive to equity within 12 months of issuance or (b) would otherwise have a material adverse impact on the General Partner or the General Partner InterestInterest Section 5.6 [Reserved].
Appears in 1 contract
Samples: Registration Rights Agreement (KNOT Offshore Partners LP)
Limitations on Issuance of Additional Partnership Interests. The Partnership may issue an unlimited number of Partnership Interests (or options, rights, warrants or appreciation rights related thereto) pursuant to Section 5.4 without the approval of the Partners; provided, however, that no fractional units shall be issued by the Partnership; and provided, further, that without the approval of the General Partner, the Partnership shall not issue any equity where such issuance (as determined by the Board of Directors) (ai) is not reasonably expected to be accretive to equity within 12 months of issuance or (bii) would otherwise have a material adverse impact on the General Partner or Partner, the General Partner InterestInterest or the ability of the Partnership to satisfy the tests set forth in the definition of Subordination Period.
Appears in 1 contract
Samples: Golar LNG Partners LP