Ownership of Class C Units Sample Clauses

Ownership of Class C Units. (i) Aloha Petroleum, Ltd., a Hawaii corporation (“Aloha”), owns 5,242,113 Class C Units (“Class C Units”) representing limited partner interests in Sunoco, free and clear of all Liens and (ii) Sunoco Retail LLC, owns 11,168,667 Class C Units, free and clear of all Liens.
Sample 1
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Ownership of Class C Units. On January 1, 2016, Sunoco issued an aggregate of 16,410,780 Class C units (the “Class C Units”) consisting of (i) 5,242,113 Class C Units that were issued to Aloha Petroleum, Ltd., a Hawaii corporation (“Aloha”), as consideration for the contribution by Aloha to an indirect wholly owned subsidiary of Sunoco of all of Aloha’s assets relating to the wholesale supply of fuel and lubricants; and (ii) 11,168,667 Class C Units that were issued to (a) Stripes No. 1009 LLC, a Texas limited liability company (“Stripes No. 1009”) (5,544,140 Class C units) and (b) Stripes LLC, a Texas limited liability company (“Stripes”) (5,624,527 Class C Units), in exchange for all of the outstanding Class A Units representing limited partner interests in Sunoco held by such subsidiaries; the Class C Units have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required by the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act (the “Delaware LP Act”)); and Aloha, Stripes No. 1009 and Stripes own their respective Class C Units free and clear of all Liens.
Sample 1
Ownership of Class C Units. As of the date hereof, the Partnership has issued and outstanding an aggregate of 16,410,780 Class C units (the “Class C Units”) consisting of: (i) 5,242,113 Class C Units owned by Aloha Petroleum, Ltd., a Hawaii corporation (“Aloha”); (ii) 5,544,140 Class C Units owned by Stripes No. 1009 LLC, a Texas limited liability company (“Stripes No. 1009”); and (iii) 5,624,527 Class C Units owned by Stripes LLC, a Texas limited liability company (“Stripes”). Each of Aloha, Stripes No. 1009 and Stripes owns its respective Class C Units free and clear of all Liens.
Sample 1
Ownership of Class C Units. As of the date of such certificate, the Partnership has issued and outstanding an aggregate of Class C units (the “Class C Units”), consisting of: (i) Class C Units owned by Aloha; (ii) Class C Units owned by Stripes No. 1009; and (iii) Class C Units owned by Stripes.
Sample 1
Ownership of Class C Units. (i) Aloha Petroleum, Ltd., a Hawaii corporation (“Aloha”), owns 5,242,113 Class C Units (“Class C Units”) representing limited partner interests in Sunoco, free and clear of all Liens, (ii) Stripes No. 1009 LLC, a Texas limited liability company (“Stripes 1009”), owns 5,544,140 Class C Units, free and clear of all Liens, and (iii) Stripes LLC, a Texas limited liability company (“Stripes LLC”), owns 5,624,527 Class C Units, free and clear of all Liens (such owned Common Units and Sunoco Class C Units, the “Owned Sunoco Units”).
Sample 1

Related to Ownership of Class C Units

  • Ownership of Membership Interests The Member shall own all of the membership interests in the Company and the Member shall have a 100% distributive share of the Company’s profits, losses and cash flow.

  • Ownership of Company Stock None of the Investor nor any of its controlled Affiliates owns any capital stock or other equity or equity-linked securities of the Company.

  • Ownership of Claims I have not assigned or transferred any Claim I am releasing, nor have I purported to do so.

  • Ownership of Company Shares The Shareholder is the record and/or “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, which meaning will apply for all purposes of this Agreement) of the number of outstanding Company Shares set forth in the recitals to this Agreement. Also set forth in the recitals to this Agreement is the number of Company Shares issuable upon the exercise of the Options. The Shareholder holds the requisite power to vote the number of Company Shares set forth in the recitals to this Agreement.

  • Ownership of Shares The ownership of Shares shall be recorded on the books of the Trust or a transfer or similar agent for the Trust, which books shall be maintained separately for the Shares of each Series (and class). No certificates evidencing the ownership of Shares shall be issued except as the Board of Trustees may otherwise determine from time to time. The Trustees may make such rules as they consider appropriate for the transfer of Shares of each Series (and class) and similar matters. The record books of the Trust as kept by the Trust or any transfer or similar agent, as the case may be, shall be conclusive as to the identity of the Shareholders of each Series (and class) and as to the number of Shares of each Series (and class) held from time to time by each Shareholder.

  • Ownership of Stock The Selling Shareholders own all of the issued and outstanding shares of capital stock of the Company, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type.

  • Ownership of Company Common Stock Neither Parent nor any of its Subsidiaries own any shares of Company Common Stock (or other securities convertible into, exchangeable for or exercisable for shares of Company Common Stock).

  • Ownership of Rights 6. 1. Licensed Material remains the property of either Licensor or the relevant third party and any rights not explicitly granted herein are expressly reserved.

  • Ownership of Common Stock None of Parent, either Merger Sub or any of their respective Subsidiaries or Affiliates beneficially owns, directly or indirectly (including pursuant to a derivatives contract), any shares of Company Common Stock or other securities convertible into, exchangeable for or exercisable for shares of Company Common Stock or any securities of any Subsidiary of the Company, and none of Parent, either Merger Sub or any of their respective Subsidiaries or Affiliates has any rights to acquire, directly or indirectly, any shares of Company Common Stock, except pursuant to this Agreement. None of Parent, either Merger Sub or any of their “affiliates” or “associates” is, or at any time during the last three years has been, an “interested stockholder” of the Company, in each case as defined in Section 203 of the DGCL.

  • Ownership of Subject Shares (a) Except for Subject Shares Transferred after the date hereof in accordance with Section 5.01, such VC Shareholder is the beneficial owner (as defined in Rule 13d-3 promulgated under the Exchange Act) of such VC Shareholder’s Subject Shares and has good and marketable title to such Subject Shares free and clear of any Liens, claims, options, rights, understandings or arrangements or any other encumbrances, limitations or restrictions whatsoever (including, but not limited to, any restriction on the right to vote or dispose of such Subject Shares), except as set forth herein or pursuant to any applicable restrictions on transfer under the Securities Act. Except for the Investor pursuant to this Agreement, no Person has any contractual or other right or obligation to purchase or otherwise acquire any of such VC Shareholder’s Subject Shares. Except for this Agreement, none of such VC Shareholder’s Subject Shares are subject to any voting agreement, voting trust or other agreement or arrangement, including, but not limited to, any proxy, consent or power of attorney. (b) Except for any Subject Shares acquired after the date hereof, other than the Subject Shares set forth opposite such VC Shareholder’s name on Schedule A, neither such VC Shareholder nor, to such VC Shareholder’s knowledge after reasonable inquiry, any of its controlled Affiliates (other than (i) any portfolio company of any fund entity to which such VC Shareholder or one of its Affiliates serves as an advisor or (ii) any individual that may be an Affiliate of such VC Shareholder that owns shares in his/her individual capacity) beneficially owns any (i) shares of capital stock or other voting securities of, or ownership interests in, the Company, (ii) securities of the Company convertible or exchangeable into, or exercisable for, shares of capital stock or other voting securities of or ownership interests in the Company or (iii) warrants, calls, options or other rights to acquire from the Company any of the foregoing.

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