Transfer of General Partner Interest. (a) Subject to Section 4.6(c) below, prior to June 30, 2008, the General Partner shall not transfer all or any part of its General Partner Interest to a Person unless such transfer (i) has been approved by the prior written consent or vote of the holders of at least a majority of the Outstanding Common Units (excluding any Common Units held by the General Partner and its Affiliates) or (ii) is of all, but not less than all, of its General Partner Interest to (A) an Affiliate of the General Partner or (B) another Person in connection with the merger or consolidation of the General Partner with or into another Person or the transfer by the General Partner of all or substantially all of its assets to another Person.
Appears in 5 contracts
Samples: Article Xiv Merger (Enterprise Products Operating L P), Enterprise Products Partners L P, Enterprise Products Partners L P
Transfer of General Partner Interest. (a) Subject to Section 4.6(c) below, prior to June 30, 20082015, the General Partner shall not transfer all or any part of its General Partner Interest to a Person unless such transfer (i) has been approved by the prior written consent or vote of the holders of at least a majority of the Outstanding Common Units (excluding any Common Units held by the General Partner and its Affiliates) or (ii) is of all, but not less than all, of its General Partner Interest to (A) an Affiliate (other than an individual) of the General Partner or (B) another Person (other than an individual) in connection with the merger or consolidation of the General Partner with or into another Person or the transfer by the General Partner of all or substantially all of its assets to another PersonPerson (other than an individual).
Appears in 2 contracts
Samples: Article Xiv Merger (Enterprise GP Holdings L.P.), Enterprise GP Holdings L.P.
Transfer of General Partner Interest. (a) Subject to Section 4.6(c) below, prior to June 30December 31, 20082016, the General Partner shall not transfer all or any part of its General Partner Interest to a Person unless such transfer (i) has been approved by the prior written consent or vote of the holders of at least a majority of the Outstanding Common Units (excluding any Common Units held by the General Partner and its Affiliates) or (ii) is of all, but not less than all, of its General Partner Interest to (A) an Affiliate (other than an individual) of the General Partner or (B) another Person (other than an individual) in connection with the merger or consolidation of the General Partner with or into another Person or the transfer by the General Partner of all or substantially all of its assets to another PersonPerson (other than an individual).
Appears in 1 contract
Samples: Administrative Services Agreement (Duncan Energy Partners L.P.)
Transfer of General Partner Interest. (a) Subject to Section 4.6(c) below, prior to June 30December 31, 20082007, the General Partner shall not transfer all or any part of its General Partner Interest to a Person unless such transfer (i) has been approved by the prior written consent or vote of the holders of at least a majority of the Outstanding Common Units (excluding any Common Units held by the General Partner and its Affiliates) Unit Majority or (ii) is of all, but not less than all, of its General Partner Interest to (A) an Affiliate of the General Partner or (B) another Person in connection with the merger or consolidation of the General Partner with or into another Person or the transfer by the General Partner of all or substantially all of its assets to another Person.. (b) Subject to Section 4.6(c) below, on or after December 31, 2007, the General Partner may transfer all or any of its General Partner Interest without Unitholder approval. 23
Appears in 1 contract
Samples: Agreement (U S Timberlands Co Lp)
