Common use of No Rights as Unitholder Clause in Contracts

No Rights as Unitholder. Neither Participant nor any person claiming by, through or under Participant with respect to the Restricted Units or DERs shall have any rights as a unitholder of the Partnership (including, without limitation, voting rights) unless and until the Restricted Units vest and are settled by the issuance of Units.

Appears in 8 contracts

Samples: Restricted Unit Award Agreement (NuStar Energy L.P.), Restricted Unit Award Agreement (NuStar Energy L.P.), Restricted Unit Award Agreement (NuStar Energy L.P.)

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No Rights as Unitholder. Neither the Participant nor any person claiming bypersonal representative shall be, through or under Participant with respect to the Restricted Units or DERs shall have any of the rights as and privileges of, a unitholder of the Partnership (includingwith respect to any Units purchasable or issuable upon the exercise of the Option, without limitationin whole or in part, voting rights) unless and until prior to the Restricted Units vest and are settled by date of exercise of the issuance of UnitsOption.

Appears in 3 contracts

Samples: Option Grant Agreement (Atlas Resource Partners, L.P.), Option Grant Agreement (Atlas Energy, L.P.), Option Grant Agreement (Atlas Energy, L.P.)

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No Rights as Unitholder. Neither Participant nor any person claiming by, through or under Participant with respect to the Restricted Units or DERs shall have any rights as a unitholder of the Partnership (including, without limitation, voting rights) unless and until the Restricted Units vest and are settled by the issuance of Partnership Units.

Appears in 1 contract

Samples: Converted Award Agreement (NuStar Energy L.P.)

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