Common use of Ownership of General Partner Interest in the Partnership Clause in Contracts

Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”)); such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership of the Partnership, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Appears in 19 contracts

Samples: Underwriting Agreement (Enterprise Products Partners L P), Underwriting Agreement (Enterprise Products Partners L P), Underwriting Agreement (Enterprise Products Partners L P)

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Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.0% non-economic general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”))Partnership; such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership of the Partnership, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Appears in 16 contracts

Samples: Underwriting Agreement (Enterprise Products Partners L.P.), Underwriting Agreement (Enterprise Products Partners L.P.), Underwriting Agreement (Enterprise Products Partners L.P.)

Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.0% non-economic general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”))Partnership; such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership of the Partnership, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claimsclaims (except for such liens, encumbrances, security interests, equities, charges or claims as are not, individually or in the aggregate, material to such ownership or as described in the Prospectus).

Appears in 7 contracts

Samples: Equity Distribution Agreement (Enterprise Products Partners L.P.), Equity Distribution Agreement (Enterprise Products Partners L.P.), Equity Distribution Agreement (Enterprise Products Partners L P)

Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.0an approximate 2% general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”))Partnership; such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership of the PartnershipPartnership (as the same has been amended or restated, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claimsLiens (except restrictions on transferability as described in the Disclosure Package and the Prospectus).

Appears in 1 contract

Samples: Equity Distribution Agreement (Tesoro Logistics Lp)

Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership Partnership, with a 2.0an approximate 2% general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”))Partnership; such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership of the PartnershipPartnership (as the same has been amended or restated, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claimsLiens (except restrictions on transferability as described in the Disclosure Package and the Prospectus).

Appears in 1 contract

Samples: Equity Distribution Agreement (Tesoro Logistics Lp)

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Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.01.999999% general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”)); such general partner interest has been duly authorized and validly issued in accordance with the agreement of limited partnership of the Partnership, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims.

Appears in 1 contract

Samples: Underwriting Agreement (Teppco Partners Lp)

Ownership of General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a 2.00.7% general partner interest in the Partnership (including the right to receive Incentive Distributions (as defined in the Partnership Agreement) (the “Incentive Distribution Rights”))Partnership; such general partner interest has been duly authorized and validly issued in accordance with the agreement Amended and Restated Agreement of limited partnership Limited Partnership of the Partnership, as amended and/or restated on or prior to the date hereof (the “Partnership Agreement”); and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claimsLiens (except for restrictions on transferability described in the Pricing Disclosure Package).

Appears in 1 contract

Samples: Underwriting Agreement (Duncan Energy Partners L.P.)

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