Common use of Rights of Transferee Clause in Contracts

Rights of Transferee. Upon consummation of a Transfer in accordance with Section 10.2, the transferee or transferees shall immediately, and without any further action of any Person, become (i) a Substitute Limited Partner if and to the extent Limited Partner Units are transferred and (ii) a Substitute General Partner, if and to the extent General Partner Units are transferred.

Appears in 11 contracts

Samples: Agreement (Millennium Chemicals Inc), Lease Agreement (Equistar Chemicals Lp), Lease Agreement (Millennium Chemicals Inc)

AutoNDA by SimpleDocs

Rights of Transferee. Upon consummation of a Transfer in -------------------- accordance with Section 10.2, the transferee or transferees shall immediately, ------------ and without any further action of any Person, become (i) a Substitute Limited Partner if and to the extent Limited Partner Units are transferred and (ii) a Substitute General Partner, if and to the extent General Partner Units are transferred.

Appears in 2 contracts

Samples: Lease Agreement (Equistar Chemicals Lp), Lease Agreement (Lyondell Chemical Co)

Rights of Transferee. Upon consummation of a Transfer in accordance -------------------- with Section 10.2, the transferee or transferees shall immediately, and without ------------ any further action of any Person, become (i) a Substitute Limited Partner if and to the extent Limited Partner Units are transferred and (ii) a Substitute General Partner, if and to the extent General Partner Units are transferred.

Appears in 1 contract

Samples: Lease Agreement (Equistar Funding Corp)

AutoNDA by SimpleDocs

Rights of Transferee. Upon consummation Consummation of a Transfer in accordance with Section 10.2, the transferee or transferees shall immediately, and without any further action of any Person, become (i) a Substitute Limited Partner if and to the extent Limited Partner Units are transferred and (ii) a Substitute General Partner, if and to the extent General Partner Units are transferred.

Appears in 1 contract

Samples: LyondellBasell F&F Holdco, LLC

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