Common use of Optional Purchase Condition for Listed Shares Clause in Contracts

Optional Purchase Condition for Listed Shares. At any time when the Optional Purchase Condition for Listed Shares exists, the Purchaser may elect, but shall not be obligated, to purchase all, but not less than all, of the outstanding Listed Shares that are not held by the Purchaser or its Affiliates at the Optional Purchase Price for Listed Shares pursuant to the provisions of this Section 3. The Purchase Price for any fractional Listed Share purchased pursuant to this Section 3 shall be the Optional Purchase Price for Listed Shares times the fraction of the Listed Share to be purchased. In determining whether any fractional Listed Shares are outstanding, all certificates registered in the name of the same holder of Listed Shares shall be aggregated.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Energy Partners L P), Limited Liability Company Agreement (Kinder Morgan Management LLC)

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Optional Purchase Condition for Listed Shares. At any time when the Optional Purchase Condition for Listed Shares exists, the Purchaser may elect, but shall not be obligated, to purchase all, but not less than all, of the outstanding Listed Shares that are not held by the Purchaser or its Affiliates at the Optional Purchase Price for Listed Shares pursuant to the provisions of this Section 3. The Purchase Price for any fractional Listed Share purchased pursuant to this Section 3 shall be the Optional Purchase Price for Listed Shares times the fraction of the Listed Share to be purchased. In determining whether any fractional Listed Shares are outstanding, all certificates registered in the name of the same holder of Listed Shares shall be aggregated.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kinder Morgan Management LLC)

Optional Purchase Condition for Listed Shares. At any time when the Optional Purchase Condition for Listed Shares exists, the Purchaser may elect, but shall not be obligated, to purchase all, but not less than all, of the outstanding Listed Shares that are not held by the Purchaser or its Affiliates at the Optional Purchase Price for Listed Shares pursuant to the provisions of this Section Article 3. The Purchase Price for any fractional Listed Share purchased pursuant to this Section Article 3 shall be the Optional Purchase Price for Listed Shares times the fraction of the Listed Share to be purchased. In determining whether any fractional Listed Shares are outstanding, all certificates registered in the name of the same holder of Listed Shares shall be aggregated.

Appears in 1 contract

Samples: Enbridge Inc

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Optional Purchase Condition for Listed Shares. At any time when the Optional Purchase Condition for Listed Shares exists, the Purchaser may electshall have the right, but shall not be obligatedexercisable in its sole discretion, to purchase all, but not less than all, of the outstanding Listed Shares that are not then Outstanding held by Persons other than the Purchaser or and its Affiliates at the Optional Purchase Price for Listed Shares pursuant to the provisions of this Article 3. The Purchaser may assign its right to purchase Listed Shares pursuant to this Section 33.01 to any Affiliate of the Purchaser. The Purchase Price for any fractional Listed Share purchased pursuant to this Section Article 3 shall be the Optional Purchase Price for Listed Shares times the fraction of the Listed Share to be purchased. In determining whether any fractional Listed Shares are outstandingOutstanding, all certificates registered in the name of the same holder of Listed Shares shall be aggregated.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Enbridge Energy Partners Lp)

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