Common use of Sponsor Representation Clause in Contracts

Sponsor Representation. For so long as Sponsor and its Affiliates hold the Percentage of Parent Common Unit Ownership shown in the table below, the Parent Parties shall include in the slate of nominees recommended by the Board for election as directors at each applicable annual or special meeting of unitholders of Parent at which directors are to be elected, if applicable, that number of individuals designated by Sponsor that, if elected, will result in the Board having the number of Sponsor Directors that is shown in the table below. At least 15% 2 At least 10% but less than 15% 1 Less than 10% 0

Appears in 4 contracts

Samples: Merger Agreement (Oasis Midstream Partners LP), Merger Agreement (Crestwood Equity Partners LP), Merger Agreement (Crestwood Equity Partners LP)

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Sponsor Representation. For so long as Sponsor and its Affiliates hold the Percentage of Parent Common Unit Ownership shown in the table below, the Parent Parties shall include in the slate of nominees recommended by the Board for election as directors at each applicable annual or special meeting of unitholders of Parent at which directors are to be elected, if applicable, that number of individuals designated by Sponsor that, if elected, will result in the Board having the number of Sponsor Directors that is shown in the table below. At least 15% 2 At least 10% but less than 15% 1 Less than 10% 0.

Appears in 1 contract

Samples: Director Nomination Agreement (Crestwood Equity Partners LP)

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