Common use of No Preemptive Rights or Options Clause in Contracts

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest in the Partnership, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, (i) any limited partner interests in the Partnership, or (ii) any membership interests in the General Partner or the Operating Company, in each case pursuant to the limited partnership agreement, limited liability company agreement or other organizational documents of such entity. To the knowledge of such counsel and except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (A) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, or (B) any membership interests in the General Partner or the Operating Company.

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest as described in the PartnershipRegistration Statement, 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, (i) any limited partner interests in the Partnership, or (ii) any membership interests in the General Partner or the Operating Company, in each case pursuant to the limited partnership agreement, limited liability company agreement or other organizational documents of such entity. To the knowledge of such counsel and except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (A) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, or (B) any membership interests in the General Partner or the Operating Company.