Common use of Redemption of the Selling Unitholder’s Initial Limited Partner Interests Clause in Contracts

Redemption of the Selling Unitholder’s Initial Limited Partner Interests. For and in consideration of the payment by the Partnership of $980 to the Selling Unitholder as a refund of its initial capital contribution to the Partnership, along with 100% of any interest or profit that resulted from the investment or other use of such capital contribution, at the Closing Time the Partnership will redeem all of the initial limited partner interests of the Selling Unitholder.

Appears in 4 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (VTTI Energy Partners LP), Contribution, Conveyance and Assumption Agreement (VTTI Energy Partners LP)

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