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

Ownership of the General Partner Interest. The General Partner is the sole general partner of the Partnership, with a 2% general partner interest in the Partnership (the “General Partner Interest”), which is represented by 456,633 general partner units (the “General Partner Units”). The General Partner Units have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement); and the General Partner owns the General Partner Units free and clear of all Liens (except for restrictions on transferability contained in the Partnership Agreement).

Appears in 1 contract

Samples: KNOT Offshore Partners LP

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Ownership of the General Partner Interest. The General Partner is the sole general partner of the Partnership, with a 21.85% general partner interest in the Partnership (the “General Partner Interest”), which is represented by 456,633 general partner units (the “558,674 General Partner Units”). The General Partner Units have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement); and the General Partner owns the General Partner Units free and clear of all Liens (except for restrictions on transferability contained in the Partnership Agreement).

Appears in 1 contract

Samples: KNOT Offshore Partners LP

Ownership of the General Partner Interest. The General Partner is the sole general partner of the Partnership, with a 2% general partner interest in the Partnership (the “General Partner Interest”), which is represented by 456,633 349,694 general partner units (the “General Partner Units”). The General Partner Units have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement); and the General Partner owns the General Partner Units free and clear of all Liens (except for restrictions on transferability contained in the Partnership Agreement).

Appears in 1 contract

Samples: KNOT Offshore Partners LP

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Ownership of the General Partner Interest. The General Partner is the sole general partner of the Partnership, with a 22.01% general partner interest in the Partnership (the “General Partner Interest”), which is represented by 456,633 558,674 general partner units (the “General Partner Units”). The General Partner Units have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement); and the General Partner owns the General Partner Units free and clear of all Liens (except for restrictions on transferability contained in the Partnership Agreement).

Appears in 1 contract

Samples: KNOT Offshore Partners LP

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