Common use of Maximum Number of Units Clause in Contracts

Maximum Number of Units. Under no circumstances shall the Partnership propose to BMOCM, or BMOCM effect, a sale of Units in an Agency Transaction or a Principal Transaction pursuant to this Agreement if such sale would (i) cause the aggregate gross sales proceeds of the Units sold pursuant to this Agreement to exceed $75,000,000 (the “Maximum Amount”), (ii) cause the number of Units sold to exceed the number of Common Units available for offer and sale under the then effective Registration Statement or (iii) cause the number of Units sold pursuant to this Agreement to exceed the number of Units authorized from time to time to be issued and sold pursuant to this Agreement by the board of directors of the General Partner, or a duly authorized committee thereof, and notified to BMOCM in writing.

Appears in 3 contracts

Samples: Equity Distribution Agreement (EnLink Midstream Partners, LP), Equity Distribution Agreement (Crosstex Energy Lp), Equity Distribution Agreement (Crosstex Energy Lp)

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Maximum Number of Units. Under no circumstances shall the Partnership propose to BMOCMany Manager, or BMOCM any Manager effect, a sale of Units in an Agency Transaction or a Principal Transaction pursuant to this Agreement if such sale would (i) cause the aggregate gross sales proceeds of the Units sold pursuant to this Agreement to exceed $75,000,000 200,000,000 (the “Maximum Amount”), (ii) cause the number of Units sold to exceed the number of Common Units available for offer and sale under the then effective Registration Statement or (iii) cause the number of Units sold pursuant to this Agreement to exceed the number of Units authorized from time to time to be issued and sold pursuant to this Agreement by the board of directors of the General Partner, or a duly authorized committee thereof, and notified to BMOCM the Managers in writing.

Appears in 1 contract

Samples: Equity Distribution Agreement (BreitBurn Energy Partners L.P.)

Maximum Number of Units. Under no circumstances shall the Partnership propose to BMOCMany Manager, or BMOCM any Manager effect, a sale of Units in an Agency Transaction or a Principal Transaction pursuant to this Agreement if such sale would (i) cause the aggregate gross sales proceeds of the Units sold pursuant to this Agreement to exceed $75,000,000 600,000,000 (the “Maximum Amount”), (ii) cause the number of Units sold to exceed the number of Common Units available for offer and sale under the then effective Registration Statement Statement, or (iii) cause the number of Units sold pursuant to this Agreement to exceed the number of Units authorized from time to time to be issued and sold pursuant to this Agreement by the board of directors of the General Partner, or a duly authorized committee thereof, and notified to BMOCM the Managers in writing.

Appears in 1 contract

Samples: Equity Distribution Agreement (EnLink Midstream Partners, LP)

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Maximum Number of Units. Under no circumstances shall the Partnership propose to BMOCMany Manager, or BMOCM any Manager effect, a sale of Units in an Agency Transaction or a Principal Transaction pursuant to this Agreement if such sale would (i) cause the aggregate gross sales proceeds of the Units sold pursuant to this Agreement to exceed $75,000,000 350,000,000 (the “Maximum Amount”), (ii) cause the number of Units sold to exceed the number of Common Units available for offer and sale under the then effective Registration Statement or (iii) cause the number of Units sold pursuant to this Agreement to exceed the number of Units authorized from time to time to be issued and sold pursuant to this Agreement by the board of directors of the General Partner, or a duly authorized committee thereof, and notified to BMOCM the Managers in writing.

Appears in 1 contract

Samples: Equity Distribution Agreement (EnLink Midstream Partners, LP)

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