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

Ownership of the General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership, and at each Date of Delivery, the General Partner will be, after giving effect to the Capital Contribution, the sole general partner with a 2.0% general partner interest and the Incentive Distribution Rights (as such term is defined in the second amended and restated limited partnership agreement of the Partnership (the “Partnership Agreement”)) in the Partnership; such general partner interest will have been duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner will own such general partner interest free and clear of all Liens (except restrictions on transferability as described in the Registration Statement, General Disclosure Package and the Prospectus (and any documents incorporated by reference therein) or the Partnership Agreement).

Appears in 10 contracts

Samples: Underwriting Agreement (Navios Maritime Partners L.P.), Underwriting Agreement (Navios Maritime Partners L.P.), Underwriting Agreement (Navios Maritime Partners L.P.)

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Ownership of the General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership, and at each Date of Delivery, the General Partner will be, after giving effect to the Capital ContributionContribution and the Private Placement, the sole general partner with a 2.0% general partner interest and the Incentive Distribution Rights (as such term is defined in the second amended and restated limited partnership agreement of the Partnership (the “Partnership Agreement”)) in the Partnership; such general partner interest will have been duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner will own such general partner interest free and clear of all Liens (except restrictions on transferability as described in the Registration Statement, General Disclosure Package and the Prospectus (and any documents incorporated by reference therein) or the Partnership Agreement).

Appears in 1 contract

Samples: Underwriting Agreement (Navios Maritime Partners L.P.)

Ownership of the General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership, and at each Date of Delivery, the General Partner will be, after giving effect to the Capital Contribution, the sole general partner with a 2.0% general partner interest and the Incentive Distribution Rights (as such term is defined in the second amended and restated limited partnership agreement of the Partnership (the “Partnership Agreement”)) in the Partnership; such general partner interest will have been duly authorized and validly issued in accordance with the amended and restated limited partnership agreement of the Partnership (the “Partnership Agreement”); and the General Partner will own such general partner interest free and clear of all Liens (except restrictions on transferability as described in the Registration Statement, General Disclosure Package and the Prospectus (and any documents incorporated by reference therein) or the Partnership Agreement).

Appears in 1 contract

Samples: Underwriting Agreement (Navios Maritime Partners L.P.)

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Ownership of the General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership, Partnership and at each Date the owner of Delivery, the General Partner will be, after giving effect to the Capital Contribution, the sole general partner with a 2.0% non-economic general partner interest and the Incentive Distribution Rights (as such term is defined in the second amended Partnership (in its capacity as a general partner without reference to any Common Units held by it) (the “GP Interest”); such GP Interest has been duly authorized and restated limited partnership agreement validly issued in accordance with the Second Amended and Restated Agreement of Limited Partnership of the Partnership (the “Partnership Agreement”)) in the Partnership; such general partner interest will have been duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner will own such general partner interest owns the GP Interest free and clear of all Liens (except Liens, other than the restrictions on transfer set forth in Section 4.6 of the Partnership Agreement or any restrictions on transferability as described in the Registration Statement, General the Pricing Disclosure Package and the Prospectus (and any documents incorporated by reference therein) or the Partnership Agreement)Prospectus.

Appears in 1 contract

Samples: Underwriting Agreement (USA Compression Partners, LP)

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