Examples of Buyer General Partner in a sentence
In connection therewith, Buyer General Partner shall receive a right to any capital account in MLP associated with the MLP Incentive Distribution Rights and no additional consideration.
Buyer General Partner owns such general partner interest free and clear of any Encumbrances, except for Encumbrances (i) contained in the Governing Documents of Buyer and Buyer General Partner; (ii) Encumbrances required under the NRGY Credit Agreement; and (iii) under the DLLCA or applicable securities Law.
Buyer General Partner is the sole record and beneficial owner of the 2% general partner interest and incentive distribution rights in Buyer, and such general partner interest and incentive distribution rights have been duly authorized and validly issued in accordance with applicable Laws and the Buyer Partnership Agreement.
Upon the issuance of New Buyer Common Units to the Holders of MLP Units in accordance with this Section 3.4, Buyer and Buyer General Partner shall be deemed to have automatically consented to the admission of such holder as a limited partner of Buyer in respect of its New Buyer Common Units and shall reflect such admission on the books and records of Buyer.
Inergy Midstream Holdings, L.P. is the sole record and beneficial owner of the membership interests in Buyer General Partner and the Buyer Incentive Distribution Rights, and such membership interests and Buyer Incentive Distribution Rights have been duly authorized and validly issued in accordance with applicable Law and the Governing Documents of Buyer General Partner and Buyer.
Buyer General Partner owns such general partner interest and incentive distribution rights free and clear of any Encumbrances.
Buyer GP Holdco is the sole record and beneficial owner of the general partner interest in Buyer General Partner, and such general partner interest has been duly authorized and validly issued in accordance with applicable Laws and the partnership agreement of Buyer General Partner.
The minute books of Buyer General Partner contain true and correct copies of all of the minutes of actions taken at all meetings of the Buyer Board or audit committee thereof as of January 24, 2013 and all written consents executed in lieu of such meetings.
Inergy Midstream Holdings, L.P. owns such membership interests and Buyer Incentive Distribution Rights free and clear of any Encumbrances, except for Encumbrances (i) contained in the Governing Documents of Buyer and Buyer General Partner; (ii) Encumbrances required under the NRGY Credit Agreement; and (iii) under the DRULPA or applicable securities Law.
On the Execution Date, the parties hereto shall issue a joint press release with respect to the execution of this Agreement and the Merger and Sale Transactions, which press release shall be reasonably satisfactory to Buyer General Partner and MLP General Partner.