Examples of CMLP Units in a sentence
In the event of a unit split, unit distribution or any change in the CMLP Units by reason of any split-up, reverse unit split, recapitalization, combination, reclassification, exchange of units or the like, the term “Subject Units” shall be deemed to refer to and include such CMLP Units as well as all such distributions and any securities of CMLP into which or for which any or all of such CMLP Units may be changed or exchanged or which are received in such transaction.
Each of the Crestwood Parties agrees that all CMLP Units that such Crestwood Party purchases, acquires the right to vote or otherwise acquires beneficial ownership of (as defined in Rule 13d-3 under the Exchange Act) after the execution of this Agreement shall be subject to the terms of this Agreement and shall constitute “Subject Units” for all purposes of this Agreement.
When a Holder, together with any of its Affiliates who are also Holders, owns less than $10.0 million of Registrable Securities that are CMLP Units (based on the Redemption Price), it must notify Crestwood.
For so long as any CMLP Units are Registrable Securities, each Holder agrees that it will not sell any CMLP Units or other equity securities of Crestwood for a period of up to 60 days following the pricing date of an Underwritten Offering of equity securities by Crestwood; provided, however, that the duration of the foregoing restrictions shall be no longer than the duration of the shortest restriction imposed by the underwriters on the officers, directors or any Affiliate of Crestwood.
The determination of the number of CMLP Units to be paid as Liquidated Damages shall be based upon the CMLP Unit Price, determined as of the date on which the Liquidated Damages payment is due.
Upon any issuance of CMLP Units as Liquidated Damages, Crestwood shall (i) prepare and file an amendment to the Resale Registration Statement prior to its effectiveness adding such CMLP Units to such Resale Registration Statement as additional Registrable Securities and (ii) prepare and file a supplemental listing application with the NYSE (or such other market on which the Registrable Securities are then listed and traded) to list such additional CMLP Units.
The piggyback rights under Section 2.2 will terminate at the earlier of (i) with respect to a Holder, the time at which such Holder and its Affiliates own less than $10.0 million of Registrable Securities (based on the Redemption Price) or (ii) the CMLP Units cease to be Registrable Securities.