Common use of Purchased Units; Capitalization Clause in Contracts

Purchased Units; Capitalization. (a) On the Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Series A-2 Units as set forth in the Partnership Agreement. (b) The General Partner is the sole general partner of AMID, with an economic general partner interest in AMID; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued. (c) The limited partners of AMID hold LP Units in AMID, represented as of March 6, 2015 by approximately 22,753,974 LP Units; such LP Units are the only limited partner interests of AMID that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 2 contracts

Samples: Convertible Preferred Unit Purchase Agreement, Series a 2 Convertible Preferred Unit Purchase Agreement (American Midstream Partners, LP)

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Purchased Units; Capitalization. (a) On the Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Series A-2 C Units as set forth in the Partnership Agreement. (b) The General Partner is the sole general partner of AMID, with an economic general partner interest in AMID; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued. (c) The limited partners of AMID hold LP Units in AMID, represented as of March 6April 22, 2015 2016 by approximately 22,753,974 40,396,089 LP Units; such LP Units are the only limited partner interests of AMID that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Securities Purchase Agreement (American Midstream Partners, LP)

Purchased Units; Capitalization. (a) On the Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Series A-2 Units as set forth in the Partnership Agreement. (b) The General Partner is the sole general partner of AMID, with an economic general partner interest in AMID; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued. (c) The limited partners of AMID hold LP Units in AMID, represented as of March 6June 30, 2015 by approximately 22,753,974 22,757,477 LP Units; such LP Units are the only limited partner interests of AMID that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Convertible Preferred Unit Purchase Agreement (American Midstream Partners, LP)

Purchased Units; Capitalization. (a) On the Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Series A-2 B Units as set forth in the Partnership Agreement. (b) The General Partner is the sole general partner of AMID, with an a non-economic general partner interest in AMID; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued. (c) The limited partners of AMID hold LP Units in AMID, represented as of March 6January 22, 2015 2014 by approximately 22,753,974 12,881,909 LP Units; such LP Units are the only limited partner interests of AMID that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Series B Unit Purchase Agreement (American Midstream Partners, LP)

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Purchased Units; Capitalization. (a) On the Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions governing the Series A-2 D Units as set forth in the Partnership AgreementAgreement Amendment. (b) The General Partner is the sole general partner of AMID, with an economic general partner interest in AMID; such general partner interest is the only general partner interest of the Partnership that is issued and outstanding; and such general partner interest has been duly authorized and validly issued. (c) The limited partners of AMID hold LP Units in AMID, represented as of March 6October 25, 2015 2016 by approximately 22,753,974 51,726,424 LP Units; such LP Units are the only limited partner interests of AMID that are issued and outstanding; all of such LP Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully paid and nonassessable (except to the extent such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act).

Appears in 1 contract

Samples: Securities Purchase Agreement (American Midstream Partners, LP)

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