Examples of AIM Midstream in a sentence
The General Partner and AIM Midstream have previously formed the Partnership as a limited partnership pursuant to the provisions of the Delaware Act.
The distribution made to AIM Midstream and the General Partner will be a reimbursement for certain capital expenditures incurred with respect to Partnership assets.
Subject to Section 17-607 of the Delaware Act, on the IPO Closing Date and immediately prior to the commencement of the Subordination Period, the IPO Proceeds and New Credit Facility Proceeds shall be distributed to (x) the General Partner in accordance with its Percentage Interest and (y) AIM Midstream and the LTIP Partners, as Unitholders, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest.
Notice otherwise sent as provided herein shall be deemed given upon delivery of such notice: To the Company: American Midstream GP, LLC c/o ArcLight Capital Partners, LLC 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx Xxxxxx, XX 00000 Attention: Xxxx Xxxxxx and Xxxxxx Xxxxxx E-mail: xxxxxxx@xxxxxxxxxxxxxxx.xxx and xxxxxxx@xxxxxxxxxxxxxxx.xxx To AIM Midstream Holdings: 000 Xxxxx Xxxx, Xxxxx 000 Xxxxxx Xxxx, XX 00000 Attn: Xxxxxx X.
HPIP owns 100% of the Class A membership interest in the General Partner and AIM Midstream Holdings owns 100% of the Class B membership interest in the General Partner, which together constitute all of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement.
The distribution of the proceeds from such exercise to AIM Midstream will be a reimbursement for certain capital expenditures incurred with respect to Partnership assets.
The General Partner is authorized to use the proceeds from any exercise by the Underwriters of the Over-Allotment Option in the Initial Public Offering to redeem from AIM Midstream, but not from other Partners, that number of Common Units that corresponds to the number of Common Units issued upon such exercise at a price per Common Unit equal to the price per Common Unit received by the Partnership for the Common Units issued to the Underwriters upon such exercise.
Notwithstanding any other provision of this Agreement, in no event shall the aggregate amount of distributions with respect to the Class B Membership Interest exceed an amount equal to (i) $40,000,000, plus (ii) two times the amount of any Capital Contributions made by AIM Midstream Holdings to the Company on or after January 31, 2014.
Notwithstanding the foregoing, no additional Membership Interest shall be issued to HPIP or any of its Affiliates for less than the fair market value of such Membership Interests without (i) the prior written consent of AIM Midstream Holdings, which consent shall not be unreasonably withheld or denied, or (ii) offering the Class B Members a right to participate in such issuance on a proportionate basis to the Class B Members’ Sharing Percentage.
HPIP is the record holder of 95% of the membership interests in the General Partner and AIM Midstream Holdings is the record holder of 5% of the membership interests in the General Partner, which together constitute all of the issued and outstanding membership interests in the General Partner; such membership interests have been duly authorized and validly issued in accordance with the General Partner Agreement.