Common use of Purchase or Sale of LP Units and Other Partnership Securities Clause in Contracts

Purchase or Sale of LP Units and Other Partnership Securities. The General Partner may, on behalf of the Partnership, purchase or otherwise acquire or sell or otherwise dispose of LP Units and other Partnership Securities. As long as LP Units are held by any member of the Partnership Group, such LP Units or other Partnership Securities shall not be considered outstanding for any purpose.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Buckeye Partners, L.P.), Merger Agreement (Buckeye GP Holdings L.P.), Limited Partnership Agreement

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Purchase or Sale of LP Units and Other Partnership Securities. The General Partner may, on behalf of the Partnership, purchase or otherwise acquire or sell or otherwise dispose of LP Units and other Partnership Securities. As long as LP Units are held by any member of the Partnership Group, such LP Units or other Partnership Securities shall not be considered outstanding for any purpose. The General Partner or any of its Affiliates may also purchase or otherwise acquire or sell or otherwise dispose of LP Units and other Partnership Securities for its own account.

Appears in 3 contracts

Samples: Credit Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P)

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Purchase or Sale of LP Units and Other Partnership Securities. The General Partner may, on behalf of the Partnership, purchase or otherwise acquire or sell or otherwise dispose of LP Units and other Partnership Securities. As long as LP Units are held by the Partnership or any member of the Partnership GroupOperating Partnerships, such LP Units or other Partnership Securities shall not be considered outstanding for any purpose. The General Partner or any of its Affiliates may also purchase or otherwise acquire or sell or otherwise dispose of LP Units and other Partnership Securities for its own account.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P)

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