Common use of Redemption of Partnership Interests of Ineligible Assignees Clause in Contracts

Redemption of Partnership Interests of Ineligible Assignees. (a) If at any time following a FERC Notice, a transferee of a Limited Partner Interest fails to furnish the General Partner a Taxation Certification in the manner specified in Section 4.5(b) or any Limited Partner fails to furnish the General Partner a Taxation Certification or other information requested within the 30-day period specified in Section 4.11(b), or if upon receipt of such Taxation Certification or other information the General Partner determines that a Limited Partner or transferee is not an Eligible Holder, the Partnership may redeem the Limited Partner Interest of such Limited Partner or transferee as follows:

Appears in 6 contracts

Samples: Global Transaction Agreement (Blueknight Energy Partners, L.P.), Investors’ Rights Agreement (Quest Resource Corp), Blueknight Energy Partners, L.P.

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Redemption of Partnership Interests of Ineligible Assignees. (a) If at any time following a FERC NoticeNotice or a request pursuant to Section 4.11(b), a transferee of a Limited Partner Interest fails to furnish the General Partner a Taxation Certification in the manner specified in Section 4.5(b) or any Limited Partner fails to furnish the General Partner a Taxation Certification or other information requested within the 30-day period specified in Section 4.11(b), or if upon receipt of such Taxation Certification or other information the General Partner determines that a Limited Partner or transferee is not an Eligible Holder, the Partnership may redeem the Limited Partner Interest of such Limited Partner or transferee as follows:

Appears in 2 contracts

Samples: Agreement (Western Gas Partners LP), Western Gas Partners LP

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