Common use of Splits Clause in Contracts

Splits. Any distribution, subdivision or combination of the Class A Units shall be accompanied by a simultaneous and proportionate distribution, subdivision or combination of the Class B Units pursuant to this Agreement, the General Partner Units pursuant to the Holdings GP LLC Agreement, and the PAGP Class A Shares and PAGP Class B shares pursuant to the PAGP LP Agreement, and vice versa. This provision shall not be amended unless corresponding changes are made the Holdings GP LLC Agreement and the PAGP LP Agreement.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Plains All American Pipeline Lp), Limited Partnership Agreement (Plains Gp Holdings Lp), Limited Partnership Agreement (Plains Gp Holdings Lp)

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Splits. Any distribution, subdivision or combination of the Class A Units shall be accompanied by a simultaneous and proportionate distribution, subdivision or combination of the Class B Units pursuant to this Agreement, the General Partner Units pursuant to the Holdings GP LLC Agreement, and the PAGP Class A Shares, PAGP Class B Shares and PAGP Class B shares C Shares pursuant to the PAGP LP Agreement, and vice versa. This provision shall not be amended unless corresponding changes are made the Holdings GP LLC Agreement and the PAGP LP Agreement.

Appears in 3 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Plains Gp Holdings Lp), Simplification Agreement (Plains All American Pipeline Lp)

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Splits. Any distribution, subdivision or combination of the Class A Company Units shall be accompanied by a simultaneous and proportionate distribution, subdivision or combination of the AAP Class A Units and AAP Class B Units pursuant to this Agreement, the General Partner Units pursuant to the Holdings GP LLC Agreement, AAP Partnership Agreement and the PAGP Class A Shares, PAGP Class B Shares and PAGP Class B shares C Shares pursuant to the PAGP LP Agreement, and vice versa. This provision shall not be amended unless corresponding changes are made to the Holdings GP LLC AAP Partnership Agreement and the PAGP LP Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Gp Holdings Lp), Simplification Agreement (Plains All American Pipeline Lp)

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