Common use of Removal of the Managing General Partner Clause in Contracts

Removal of the Managing General Partner. The Managing General Partner shall be removed if such Managing General Partner is removed as a Managing General Partner of the MLP pursuant to Section 11.2 of the MLP Agreement. Such removal shall be effective concurrently with the effectiveness of the removal of such Managing General Partner as the Managing General Partner of the MLP pursuant to the terms of the MLP Agreement. If a successor Managing General Partner is elected in connection with the removal of such Managing General Partner as a Managing General Partner of the MLP, such successor Managing General Partner shall, upon admission pursuant to Article X, automatically become a successor Managing General Partner of the Partnership. The admission of any such successor Managing General Partner to the Partnership shall be subject to the provisions of Section 10.3.

Appears in 2 contracts

Samples: Cornerstone Propane Partners Lp, Cornerstone Propane Partners Lp

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Removal of the Managing General Partner. The Managing General Partner shall be removed if such the Managing General Partner is removed as a Managing General Partner the managing general partner of the MLP pursuant to Section 11.2 of the MLP Agreement. Such removal shall be effective concurrently with the effectiveness of the removal of such the Managing General Partner as the Managing General Partner managing general partner of the MLP pursuant to the terms of the MLP Agreement. If a successor Managing General Partner managing general partner for the MLP is elected in connection with the removal of such the Managing General Partner as a Managing General Partner of the MLPPartner, such successor Managing General Partner managing general partner for the MLP shall, upon admission pursuant to Article X, automatically become a the successor Managing General Partner of the Partnership. The admission of any such successor Managing General Partner to the Partnership shall be subject to the provisions of Section 10.310.4.

Appears in 1 contract

Samples: Alliance Resource Partners Lp

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Removal of the Managing General Partner. The Managing General Partner shall be removed if such the Managing General Partner is removed as a Managing General Partner the managing general partner of the MLP pursuant to Section 11.2 of the MLP Agreement. Such -49- Alliance Resource Operating Partners, L.P. 55 removal shall be effective concurrently with the effectiveness of the removal of such the Managing General Partner as the Managing General Partner managing general partner of the MLP pursuant to the terms of the MLP Agreement. If a successor Managing General Partner managing general partner for the MLP is elected in connection with the removal of such the Managing General Partner as a Managing General Partner of the MLPPartner, such successor Managing General Partner managing general partner for the MLP shall, upon admission pursuant to Article X, automatically become a the successor Managing General Partner of the Partnership. The admission of any such successor Managing General Partner to the Partnership shall be subject to the provisions of Section 10.310.4.

Appears in 1 contract

Samples: Alliance Resource Partners Lp

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