Common use of Rights as a Unitholder Clause in Contracts

Rights as a Unitholder. (a) During the Restricted Period, the Participant shall have none of the rights of a Unitholder of the Partnership, except that the Participant shall (a) be entitled to exercise all of the voting rights of a Unitholder of the Partnership, and (b) have UDRs with respect to each Restricted Unit, subject to the remainder of this Section 5.

Appears in 6 contracts

Samples: Restricted Unit Award Agreement, Restricted Unit Award Agreement (SemGroup Corp), Restricted Unit Award Agreement (Rose Rock Midstream, L.P.)

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