Unitholder Vote. This Agreement and the transactions contemplated thereby, including the Merger, shall have been approved and adopted by the affirmative vote or consent of holders of a majority of Outstanding Common Units (“AHGP Unitholder Approval”) in accordance with applicable Law and the AHGP Partnership Agreement.
Unitholder Vote. This Agreement, the Merger and transactions contemplated hereby shall have been approved and adopted by the affirmative vote of holders of a majority of the Midstream Common Units and Midstream Preferred Units (voting together as a single class, with the Midstream Preferred Units voting on an “as-converted” basis) outstanding and entitled to vote at the Meeting (“Midstream Unitholder Approval”).
Unitholder Vote. In the event of any unitholder action to remove the general partner of NRGY pursuant to Section 11.2 of the NRGY Partnership Agreement, to the extent that the number of NRGY Common Units owned by the Contributing Parties and their Affiliates (the “Subject Units”) exceeds 20% of the then outstanding NRGY Common Units (the “Excess NRGY Common Units”), the Contributing Parties agree that, at any meeting of the unitholders of NRGY, however called, including any adjournment or postponement thereof, or with respect to any action by written consent, they shall vote or consent, and shall cause their Affiliates to vote or consent, such Excess NRGY Common Units in the same proportion as all unitholders of NRGY. For a period of one year from the Closing Date, the Contributing Parties agree that the Contributing Parties will not directly or indirectly transfer, sell, offer, exchange or otherwise dispose of in a single transaction or a series of related transactions (“Transfer”), and will cause their Affiliates not to Transfer, their NRGY Common Units to any Person or “group” (within the meaning of Section 13(d)(3) of the Exchange Act) (other than the Contributing Parties and their Affiliates) to whom the Contributing Parties are Transferring, or have Transferred, indirect or direct control or ownership of the general partner of NRGY, unless such Person has agreed in writing to be bound by the restrictions in this Section 11.2 to the extent and for the duration that remains in effect that the time of the Transfer; provided, however, that restriction shall only apply if the number of NRGY Common Units to be Transferred equals or exceeds 20% of the then outstanding NRGY Common Units. This provision shall terminate when the Subject Units constitute less than 20% of the outstanding NRGY Common Units. At the Closing, the NRGY Partnership Agreement shall be amended to reflect terms of this Section 5.05.
Unitholder Vote. This Agreement, the Merger and transactions contemplated hereby (other than the approval of the Partners Amended and Restated Partnership Agreement) shall have been approved and adopted by the affirmative vote of the holders of a majority of the Partners Common Units outstanding and entitled to vote at the Partners Meeting (“Partners Unitholder Approval”). This Agreement, the Merger and transactions contemplated hereby shall have been approved and adopted by the affirmative vote of holders of a majority of the Holdings Common Units outstanding and entitled to vote at the Holdings Meeting (“Holdings Unitholder Approval”).
Unitholder Vote. This Agreement and the Merger shall have been approved by (a) the affirmative vote or consent of holders (as of the record date for the Xxxxxx Meeting) of a majority of the outstanding Xxxxxx Common Units and (b) the affirmative vote or consent of holders (as of the record date for the Xxxxxx Meeting) of a majority of the outstanding Xxxxxx Common Units held by Xxxxxx Unaffiliated Unitholders that actually voted for or against the proposal to approve the Merger and this Agreement (i.e., the votes cast by Xxxxxx Unaffiliated Unitholders in favor of the proposal exceed the votes cast by Xxxxxx Unaffiliated Unitholders against the proposal) (collectively, “Xxxxxx Unitholder Approval”).
Unitholder Vote. This Agreement and the Merger shall have been approved by OILT Unitholder Approval.
Unitholder Vote. This Agreement and the Merger Transactions shall have been approved and adopted by the affirmative vote of the holders of a majority of the LP Units outstanding and entitled to vote at the Partners Meeting (“Partners Unitholder Approval”); provided, that this condition shall be satisfied if such holders approve all of the Merger Transactions other than the deletion of Sections 7.7(d)-(f) and (h)-(j) from the Partners Partnership Agreement; and the Merger, this Agreement and the other transactions contemplated hereby shall have been approved and adopted by (a) the affirmative vote of holders of a majority of Common Units, voting as a separate class, outstanding and entitled to vote at the Holdings Meeting, and (b) the affirmative vote of holders of a majority of the Common Units and Management Units, voting together as a single class, outstanding and entitled to vote at the Holdings Meeting (collectively, “Holdings Unitholder Approval”).
