Common use of Unit Certificates Clause in Contracts

Unit Certificates. A certificate evidencing the Restricted Units shall be issued in your name, pursuant to which you shall have all voting rights. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as of , 200 , a copy of which is attached hereto and incorporated herein, between the Company and the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. The Company may cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units.

Appears in 5 contracts

Samples: Hiland Holdings GP, LP, Hiland Partners, LP, Hiland Partners, LP

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Unit Certificates. A certificate evidencing the Restricted Units shall may be issued in your name, pursuant to which you shall have all voting rightsrights of a holder of a Unit, if any. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as of , 200 , a copy of which is attached hereto and incorporated herein, between the Company and the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. The Company may cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units.

Appears in 2 contracts

Samples: Restricted Unit Grant Agreement (Targa Resources Partners LP), Targa Resources (Targa Midstream Services Limited Partnership)

Unit Certificates. A certificate evidencing the Restricted Units shall be issued in your name, pursuant to which you shall have all voting rights. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as a grant of , 200 restricted units, a copy of which is attached hereto and incorporated herein, between made by the Company and to the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreementgrant. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreementgrant. The Company may cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units.

Appears in 1 contract

Samples: Copano Energy, L.L.C.

Unit Certificates. A certificate evidencing the Restricted Units shall be issued in your name, pursuant to which you shall have all voting rights. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as of November 17, 200 2010, a copy of which is attached hereto and incorporated herein, between the Company and the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. The In lieu of delivery of a certificate to you, the Company may (i) cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping or (ii) cause its transfer agent to reflect the issuance of the Restricted Units to you without the issuance of a certificate, in either case until the a forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the any certificate evidencing the Restricted Units.

Appears in 1 contract

Samples: Copano Energy, L.L.C.

Unit Certificates. A certificate evidencing the Restricted Units shall may be issued in your name, pursuant to which you shall have all voting rights. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as of , 200 200___, a copy of which is attached hereto and incorporated herein, between the Company and the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. The Company may cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units.

Appears in 1 contract

Samples: Regency Energy Partners LP

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Unit Certificates. A certificate evidencing the Restricted Class B Units shall may be issued in your name, pursuant to which you shall have all voting rights, if any. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as of , 200 , a copy of which is attached hereto and incorporated herein, between the Company and the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. The Company may cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Class B Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Class B Units. In lieu of a certificate, your Units may be recorded in book-entry form.

Appears in 1 contract

Samples: Vanguard Natural Resources, LLC

Unit Certificates. A certificate evidencing the Restricted Units shall may be issued in your name, pursuant to which you shall have all voting rights, if any. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement made as of , 200 [ ], a copy of which is attached hereto and incorporated herein, between the Company General Partner and the registered holder of the Units, and are subject to forfeiture to the Company General Partner under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. The Company General Partner may cause the certificate to be delivered upon issuance to the Secretary of the Company General Partner as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the CompanyGeneral Partner, you shall deliver to the Company General Partner a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company General Partner shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units. In lieu of issuing a certificate in your name, the Restricted Units may be evidenced, in the discretion of the Committee, in book-entry form.

Appears in 1 contract

Samples: Rhino Resource Partners LP

Unit Certificates. A certificate evidencing the Restricted Units shall be issued in your name, pursuant to which you shall have all voting rights. The certificate shall bear the following legend: The Units evidenced by this certificate have been issued pursuant to an agreement a Grant of Restricted Units made as of , 200 , a copy of which is attached hereto and incorporated herein, between made by the Company and to the registered holder of the Units, and are subject to forfeiture to the Company under certain circumstances described in such agreementGrant. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such agreementGrant, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreementGrant. The Company may cause the certificate to be delivered upon issuance to the Secretary of the Company as a depository for safekeeping until the forfeiture occurs or the restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units.

Appears in 1 contract

Samples: Copano Energy, L.L.C.

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