Common use of No Obligation to Exercise Rights Clause in Contracts

No Obligation to Exercise Rights. Nothing contained in this Article I shall require the Unitholder (or shall entitle any proxy of such Unitholder) to (i) convert, exercise or exchange any Rights, option, warrants or convertible securities in order to obtain any underlying Securities or (ii) vote, or execute any consent with respect to, any Securities underlying such Rights, options, warrants or convertible securities that have not yet been issued as of the applicable record date for that vote or consent.

Appears in 6 contracts

Samples: Voting and Support Agreement (Targa Resources Partners LP), Voting and Support Agreement (Targa Resources Partners LP), Voting and Support Agreement (Atlas Pipeline Partners Lp)

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No Obligation to Exercise Rights. Nothing contained in this Article I shall require the Unitholder Stockholder (or shall entitle any proxy of such UnitholderStockholder) to (i) convert, exercise or exchange any Rights, option, warrants or convertible securities in order to obtain any underlying Securities or (ii) vote, or execute any consent with respect to, any Securities underlying such Rights, options, warrants or convertible securities that have not yet been issued as of the applicable record date for that vote or consent.

Appears in 3 contracts

Samples: Voting and Support Agreement (Targa Resources Partners LP), Voting and Support Agreement (Atlas Pipeline Partners Lp), Voting and Support Agreement (Atlas Energy, L.P.)

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