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

Rights As Unitholders; Unit Transfers. From and after the Effective Time, holders of Energy Common Units shall cease to be, and shall have no rights as, limited partners of Energy, and shall have no rights in respect of Energy Common Units, other than the right to receive the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of Energy of the Energy Common Units.

Appears in 3 contracts

Samples: Merger Agreement (Abraxas Petroleum Corp), Merger Agreement (Abraxas Petroleum Corp), Merger Agreement (Abraxas Petroleum Corp)

AutoNDA by SimpleDocs

Rights As Unitholders; Unit Transfers. From and after the Effective Time, holders of Energy Common Units and GP Units shall cease to be, and shall have no rights as, limited partners or as the general partner, respectively, of Energy, and shall have no rights in respect of Energy Common Units or the GP Units, other than the right to receive the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the unit transfer books of Energy of the Energy Common Units or GP Units.

Appears in 1 contract

Samples: Merger Agreement (Abraxas Petroleum Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!