Receipt of Fee Title. Notwithstanding the provisions of Section 14, if at any time the Partnership receives fee title to the Lake Xxxxxxx Facility, then (i) Section 14 shall be of no further force or effect, (ii) Lyondell (Pelican) LP1's Capital Account shall be the same per Unit as the Capital Accounts of the other Partners (determined without regard to the special allocations in Sections 4.1(a), 4.1(b) and 4.1(c)) and (iii) Sections 4.1(e) and 4.1(f) shall terminate.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Equistar Chemicals Lp)
Receipt of Fee Title. Notwithstanding the provisions of Section 14, if at any time the Partnership receives fee title to the Lake Xxxxxxx Facility, then (i) Section 14 shall be of no further force or effect, (ii) Lyondell (Pelican) LP1's ’s Capital Account shall be the same per Unit as the Capital Accounts of the other Partners (determined without regard to the special allocations in Sections 4.1(a), 4.1(b) and 4.1(c)) and (iii) Sections 4.1(e) and 4.1(f) shall terminate.
Appears in 3 contracts
Samples: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Millennium Chemicals Inc)
Receipt of Fee Title. Notwithstanding the provisions of Section 14, if at any time the Partnership receives fee title to the Lake Xxxxxxx Cxxxxxx Facility, then (i) Section 14 shall be of no further force or effect, (ii) Lyondell (Pelican) LP1's ’s Capital Account shall be the same per Unit as the Capital Accounts of the other Partners (determined without regard to the special allocations in Sections 4.1(a), 4.1(b) and 4.1(c)) and (iii) Sections 4.1(e) and 4.1(f) shall terminate.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Equistar Chemicals Lp)
