Common use of No Preemptive Rights or Options Clause in Contracts

No Preemptive Rights or Options. Except as described in the Disclosure Package and the Prospectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iii) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (iv) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except as described for the General Partner’s right to maintain its 2% general partner interest in the Disclosure Package and the ProspectusPartnership, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iii) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (iv) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except as described in the Disclosure Package and the Prospectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Series A Preferred Units, (ii) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (iiiii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iiiiv) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (ivv) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except as described in the Pricing Disclosure Package and the Prospectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, (ii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iiiC) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (ivD) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except as described in the Pricing Disclosure Package and the Prospectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iii) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (iv) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except as described for the General Partner’s right to maintain its 2% general partner interest in the Disclosure Package and the ProspectusPartnership, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iii) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (iv) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except as described in the Disclosure Package and the Prospectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, (ii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (iii) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (iv) to the Teekay Parties’ knowledge, any equity interests in any Operating Subsidiary.