Common use of Rights as a Limited Partner Clause in Contracts

Rights as a Limited Partner. Until Phantom Units have been validly issued (as fully paid common units representing limited partnership interests in the Partnership) to the Participant or any other person, neither Participant nor such other person shall be entitled to any privileges of Unit ownership, or otherwise have any rights as a limited partner, by reason of the Award.

Rights as a Limited Partner. Until Phantom Units have been validly issued (as fully paid common units Units representing limited partnership interests in the Partnership) in settlement of vested Restricted Phantom Units to the Participant or any other person, neither Participant nor such other person shall be entitled to any privileges of Unit common unit ownership, (including, without limitation, any voting rights or any right to distributions paid with respect to the common units underlying the Restricted Phantom Units), or otherwise have any rights as a limited partner, by reason of the Award.

Rights as a Limited Partner. Until Phantom Units have been validly issued (as fully paid common units representing limited partnership interests in the Partnership) in settlement of vested Restricted Phantom Units to the Participant or any other person, neither Participant nor such other person shall be entitled to any privileges of Unit ownershipownership (including, without limitation, any voting rights or any right to distributions paid with respect to the Units underlying the Restricted Phantom Units), or otherwise have any rights as a limited partner, by reason of the Award.