Common use of Newly Issued Common Units Clause in Contracts

Newly Issued Common Units. The New Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLP’s limited partnership agreement).

Appears in 6 contracts

Samples: Conveyance and Assumption Agreement (Exterran Holdings Inc.), Conveyance and Assumption Agreement (Universal Compression Partners, L.P.), Contribution, Conveyance and Assumption Agreement (Exterran Partners, L.P.)

AutoNDA by SimpleDocs

Newly Issued Common Units. The Any New Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLPEXLP’s limited partnership agreement).

Appears in 3 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Exterran Partners, L.P.), Contribution, Conveyance and Assumption Agreement (Exterran Holdings Inc.), Conveyance and Assumption Agreement

Newly Issued Common Units. The Any New Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLP’s limited partnership agreement).

Appears in 3 contracts

Samples: Conveyance and Assumption Agreement (Exterran Holdings Inc.), Conveyance and Assumption Agreement (Exterran Partners, L.P.), Contribution, Conveyance and Assumption Agreement (Exterran Partners, L.P.)

Newly Issued Common Units. The New Upon issuance at the Closing, the Newly Issued Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, be validly issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLP’s limited partnership agreement)rights.

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement (El Paso Pipeline Partners, L.P.)

Newly Issued Common Units. The New (a) . Upon issuance at the Closing, the Newly Issued Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, be validly issued, fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLP’s limited partnership agreement)rights.

Appears in 1 contract

Samples: Contribution Agreement (Kinder Morgan Energy Partners L P)

AutoNDA by SimpleDocs

Newly Issued Common Units. The New Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLPEXLP’s limited partnership agreement). The New Common Units have been approved for listing on the NASDAQ Global Select Market, subject to notice of issuance.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (Exterran Holdings Inc.)

Newly Issued Common Units. The New Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLPAPLP’s limited partnership agreement).

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (Archrock Partners, L.P.)

Newly Issued Common Units. The New Common Units being issued at Closing will be, when issued in consideration for the contribution by the Contributors of the Assets, validly issued, fully paid and nonassessable (except as such nonassessability may be affected by the Delaware Revised Uniform Limited Partnership Act) and free of any preemptive or similar rights (other than those set forth in MLPEXLP’s limited partnership agreement).. The New Common Units have been approved for listing on the NASDAQ Global Select Market, subject to notice of issuance. ARTICLE V [RESERVED]

Appears in 1 contract

Samples: Conveyance and Assumption Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.