Ownership of Parties. (a) The Borrower is a limited partnership formed under the laws of the State of Delaware and owned 1% (general partnership interest) by the General Partner and 99% (limited partnership interests) by public holders of limited partnership units. (b) The form of organization and equity ownership of each Restricted Subsidiary and each Unrestricted Subsidiary as of the date hereof is set forth on Schedule 7.22. (c) BMC owns 100% of the capital stock of the General Partner as of the date hereof.
Appears in 4 contracts
Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)
Ownership of Parties. (a) The Borrower is a limited partnership formed under the laws of the State of Delaware and owned 1% (general partnership interest) by the General Partner and 99% (limited partnership interests) by public holders of limited partnership units.
(b) The form of organization and equity ownership of each Restricted Subsidiary and each Unrestricted Subsidiary as of the date hereof is set forth on Schedule 7.22.
(c) BMC owns 100% of the capital stock equity interests of the General Partner as of the date hereof.
Appears in 2 contracts
Samples: Credit Agreement (Buckeye Partners L P), Bridge Loan Agreement (Buckeye Partners L P)