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. 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: Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), 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: Agreement (Buckeye Partners L P), Buckeye Partners L P, 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 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: Agreement (Buckeye Partners, L.P.), Agreement and Plan of Merger (Buckeye GP Holdings L.P.), Agreement

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