Common use of Rights As Unitholders; Unit Transfers Clause in Contracts

Rights As Unitholders; Unit Transfers. At the Effective Time, holders of Common Units (other than LP Sub) shall cease to be, and shall have no rights as, unitholders of the Partnership, other than to receive (a) any distribution with respect to such Common Units with a record date occurring prior to the Effective Time that may have been declared or made by the Partnership on such Common Units in accordance with the terms of this Agreement and which remains unpaid at the Effective Time and (b) the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of the Partnership with respect to such Common Units.

Appears in 1 contract

Samples: Merger and Reorganization Agreement (Stonemor Partners Lp)

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Rights As Unitholders; Unit Transfers. At the Effective Time, holders of Common Units (other than LP Sub) shall cease to be, and shall have no rights as, unitholders of the PartnershipHoldings, other than to receive (a) any distribution with respect to such Common Units with a record date occurring prior to the Effective Time that may have been declared or made by the Partnership Holdings on such Common Units in accordance with the terms of this Agreement or prior to the date of the Original Agreement and which remains unpaid at the Effective Time and (b) the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of the Partnership Holdings with respect to such the Common Units.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inergy Holdings, L.P.)

Rights As Unitholders; Unit Transfers. At the Effective Time, holders of Common Units (other than LP Sub) shall cease to be, and shall have no rights as, unitholders of the PartnershipHoldings, other than to receive (a) any distribution with respect to such Common Units with a record date occurring prior to the Effective Time that may have been declared or made by the Partnership Holdings on such Common Units in accordance with the terms of this Agreement or prior to the date hereof and which remains unpaid at the Effective Time and (b) the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of the Partnership Holdings with respect to such the Common Units.

Appears in 1 contract

Samples: Merger Agreement (Inergy L P)

Rights As Unitholders; Unit Transfers. At the Effective Time, holders of Common Units (other than LP Sub) and Preferred Units shall cease to be, and shall have no rights as, unitholders of the Partnership, other than to receive (a) any distribution with respect to such Common Units or Preferred Units with a record date occurring prior to the Effective Time that may have been declared or made by the Partnership on such Common Units or Preferred Units in accordance with the terms of this Agreement and which remains unpaid at the Effective Time and (b) the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of the Partnership with respect to such Common Units or Preferred Units.

Appears in 1 contract

Samples: Merger and Reorganization Agreement (Stonemor Partners Lp)

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Rights As Unitholders; Unit Transfers. At the Effective Time, holders of Holdings Common Units (other than LP Sub) shall cease to be, and shall have no rights as, unitholders limited partners of the PartnershipHoldings, other than to receive (a) any distribution with respect to such Holdings Common Units with a record date occurring prior to the Effective Time that may have been declared or made by the Partnership Holdings on such Holdings Common Units in accordance with the terms of this Agreement and the Holdings Partnership Agreement and which remains unpaid at the Effective Time and (b) the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of the Partnership Holdings with respect to such the Holdings Common Units.

Appears in 1 contract

Samples: Merger Agreement (Penn Virginia GP Holdings, L.P.)

Rights As Unitholders; Unit Transfers. At the Effective Time, holders of Common Units (other than LP Sub) and Management Units shall cease to be, and shall have no rights as, unitholders of the PartnershipHoldings, other than to receive (a) any distribution with respect to such Common Units and Management Units with a record date occurring prior to the Effective Time that may have been declared or made by the Partnership Holdings on such Common Units and Management Units in accordance with the terms of this Agreement or prior to the date hereof and which remains unpaid at the Effective Time and (b) the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of the Partnership Holdings with respect to such the Common Units or Management Units.

Appears in 1 contract

Samples: Merger Agreement (Buckeye GP Holdings L.P.)

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