Common use of Restrictions on Distributions of EPD Units Clause in Contracts

Restrictions on Distributions of EPD Units. The Partners and the Partnership hereby agree that they shall not cause the Partnership to offer for sale, sell, pledge or otherwise transfer, distribute or dispose of the EPD Units held by the Partnership prior to the Vesting Date, other than as approved by the General Partner (in its sole discretion) in connection with a Change of Control.

Appears in 10 contracts

Samples: Agreement (Enterprise Products Partners L P), Management and Operation (Enterprise Products Partners L P), Enterprise Products Partners L P

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Restrictions on Distributions of EPD Units. The Partners and the Partnership hereby agree that they shall not cause the Partnership to offer for sale, sell, pledge or otherwise transfer, distribute or dispose of the EPD Units held by the Partnership prior to the Vesting Date, other than as approved by the General Partner (in its sole discretion) in connection with a Change of Control.. ARTICLE VI MANAGEMENT AND OPERATION 6.01

Appears in 1 contract

Samples: www.sec.gov

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Restrictions on Distributions of EPD Units. The Partners and the Partnership hereby agree that they shall not cause the Partnership to offer for sale, sell, pledge sell or otherwise transfer, distribute or dispose of the EPD Units held by the Partnership prior to the Vesting Date; provided, other than the Partnership may pledge such EPD Units as approved by collateral for any bona fide loan to the General Partner (in its sole discretion) in connection with a Change of ControlPartnership.

Appears in 1 contract

Samples: Enterprise Products Partners L P

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