Common use of No Rights as Unitholder Clause in Contracts

No Rights as Unitholder. The Participant shall not have any rights as a Unitholder of the Partnership, including the right to any cash distributions (except as provided in Paragraph 5), or the right to vote, with respect to any Phantom Units.

Appears in 13 contracts

Samples: Deferral and Incentive Plan (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.)

AutoNDA by SimpleDocs

No Rights as Unitholder. The Participant shall not have any rights as a Unitholder of the Partnership, including the right to any cash distributions (except as provided in Paragraph 5), or the right to vote, with respect to any Phantom Performance Units.

Appears in 4 contracts

Samples: Performance Unit Grant Agreement (Buckeye Partners, L.P.), Performance Unit Grant Agreement (Buckeye Partners, L.P.), Performance Unit Grant Agreement (Buckeye Partners, L.P.)

No Rights as Unitholder. The Participant shall not have any rights as a Unitholder of the Partnership, including the right to any cash distributions (except as provided in Paragraph 5), or the right to vote, with respect to any Phantom Restricted Units.

Appears in 3 contracts

Samples: Incentive Plan Phantom Unit Grant Agreement (Atlas Pipeline Holdings, L.P.), Phantom Unit Grant Agreement (Atlas Pipeline Holdings, L.P.), Phantom Unit Grant Agreement (Atlas Pipeline Holdings, L.P.)

AutoNDA by SimpleDocs

No Rights as Unitholder. The Participant shall not have any rights as a Unitholder of the Partnership, including the right to any cash distributions (except as provided in Paragraph 5)distributions, or the right to vote, with respect to any Phantom Units.

Appears in 1 contract

Samples: Phantom Unit Grant Agreement (Buckeye Partners, L.P.)

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