Ownership of the General Partner Interests in the Partnership. The Managing General Partner and the Non-Managing General Partner are the sole general partners of the Partnership. The Non-Managing General Partner will own, on the Closing Date, an approximate 1.2% general partner interest in the Partnership and the Managing General Partner owns a non-economic, managing general partner interest in the Partnership; such general partner interests have been duly authorized and validly issued in accordance with the Second Amended and Restated Agreement of Limited Partnership of the Partnership, as amended (the “Partnership Agreement”); and each General Partner owns its general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims (other than those created by that certain 5-year Credit Agreement dated as of December 17, 2004, by and among the Partnership and the lenders therein (the “Credit Agreement”)).
Appears in 1 contract
Samples: Underwriting Agreement (Inergy L P)
Ownership of the General Partner Interests in the Partnership. The Managing General Partner and the Non-Managing General Partner are the sole general partners of the Partnership. The Non-Managing General Partner will own, on the Closing Date, an approximate 1.2owns a 2% general partner interest in the Partnership and the Managing General Partner owns a non-economic, managing general partner interest in the Partnershipinterest; such general partner interests have been duly authorized and validly issued in accordance with the Second Amended and Restated Agreement of Limited Partnership of the Partnership, as amended (the “Partnership Agreement”); and each General Partner owns its general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims (other than those created by that certain 5-year Credit Agreement dated as of December 17, 2004, by and among the Partnership and the lenders therein (the “Credit Agreement”))claims.
Appears in 1 contract
Samples: Underwriting Agreement (Inergy L P)
Ownership of the General Partner Interests in the Partnership. The Managing General Partner and the Non-Managing General Partner are the sole general partners of the Partnership. The At the Initial Delivery Date, the Non-Managing General Partner will own, on the Closing Date, own an approximate 1.20.7% general partner interest in the Partnership and the Managing General Partner owns a non-economic, managing general partner interest in the Partnership; such general partner interests have been duly authorized and validly issued in accordance with the Second Amended and Restated Agreement of Limited Partnership of the Partnership, as amended (the “Partnership Agreement”); and each General Partner owns its general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims (other than those created by that certain 5-year Credit Agreement dated as of December 17, 2004, by and among the Partnership and the lenders therein (the “Credit Agreement”))claims.
Appears in 1 contract
Samples: Underwriting Agreement (Inergy L P)
Ownership of the General Partner Interests in the Partnership. The Managing General Partner and the Non-Managing General Partner are the sole general partners of the Partnership. The At the Initial Delivery Date, the Non-Managing General Partner will own, on the Closing Date, own an approximate 1.20.8% general partner interest in the Partnership and the Managing General Partner owns a non-economic, managing general partner interest in the Partnership; such general partner interests have been duly authorized and validly issued in accordance with the Second Amended and Restated Agreement of Limited Partnership of the Partnership, as amended (the “Partnership Agreement”); and each General Partner owns its general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims (other than those created by that certain 5-year Credit Agreement dated as of December 17, 2004, by and among the Partnership and the lenders therein (the “Credit Agreement”))claims.
Appears in 1 contract
Samples: Underwriting Agreement (Inergy L P)