Common use of Publicly Traded Partnerships Clause in Contracts

Publicly Traded Partnerships. To ensure that interests in the Company are not traded on an established securities market within the meaning of Regulations Section 1.7704-1(b) or readily tradable on a secondary market or the substantial equivalent thereof within the meaning of Regulations Section 1.7704-1(c), notwithstanding anything to the contrary in this Agreement: (i) the Company shall not participate in the establishment of a market or the inclusion of its interests thereon; and (ii) the Company shall not recognize any Transfer made on any market by: (A) redeeming the Transferor Member (in the case of a redemption or repurchase by the Company); or (B) admitting the Transferee as a Member or otherwise recognizing any rights of the Transferee, such as a right of the Transferee to receive Company distributions (directly or indirectly) or to acquire an interest in the capital or profits of the Company.

Publicly Traded Partnerships. To ensure that interests in the Company are not traded on an established securities market within the meaning of Regulations Section 1.7704-1(bl(b) or readily tradable on a secondary market or the substantial equivalent thereof within the meaning of Regulations Section 1.7704-1(cl(c), notwithstanding anything to the contrary in this Agreement: (i) the Company shall not participate in the establishment of a market or the inclusion of its interests thereon; and (ii) the Company shall not recognize any Transfer made on any market by: (A) redeeming the Transferor Member (in the case of a redemption or repurchase by the Company); or (B) admitting the Transferee as a Member or otherwise recognizing any rights of the Transferee, such as a right of the Transferee to receive Company distributions (directly or indirectly) or to acquire an interest in the capital or profits of the Company.

Publicly Traded Partnerships. To ensure that interests in the Company Interests are not traded on an established securities market within the meaning of Regulations Section 1.7704-1(b) or readily tradable on a secondary market or the substantial equivalent thereof within the meaning of Regulations Section 1.7704-1(c), notwithstanding anything to the contrary in this Agreement:contained herein, (i) the Company The Partnership shall not participate in the establishment of a any such market or the inclusion of its interests Interests thereon; , and (ii) the Company The Partnership shall not recognize any Transfer made on any market by: (A) redeeming the Transferor Member Partner (in the case of a redemption or repurchase by the CompanyPartnership); or (B) admitting the Transferee as a Member Partner or otherwise recognizing any rights of the Transferee, such as a right of the Transferee to receive Company Partnership distributions (directly or indirectly) or to acquire an interest in the capital or profits of the CompanyPartnership.