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 NuStar Energy L.P. (including, without limitation, voting rights) unless and until the Restricted Units vest and are settled by the issuance of Units.

Appears in 3 contracts

Samples: Restricted Unit Award Agreement (NuStar Energy L.P.), Non Employee Director (NuStar Energy L.P.), Restricted Unit Award Agreement (NuStar 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 Performance Units or DERs shall have any rights as a unitholder of NuStar Energy L.P. (including, without limitation, voting rights) unless and until the Restricted Performance Units vest and are settled by the issuance of Units.

Appears in 2 contracts

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

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