Examples of Current Partnership Agreement in a sentence
The Partnership hereby confirms that it is bound by the Current Partnership Agreement and, upon the effectiveness of the Revised Partnership Agreement, it will be bound by the Revised Partnership Agreement.
Midstream Holdings and MLP GP LP shall amend and restate the Current Partnership Agreement by executing the Partnership Agreement in substantially the form included in Appendix A to the Registration Statement, with such changes as Midstream Holdings and MLP GP LP may agree.
In accordance with Section 13.3(b)(ii) of the Current Partnership Agreement, the General Partner, in its individual capacity as the sole holder of the General Partner Interest and the IDRs, has consented to and approved the Revised Partnership Agreement.
At the Effective Time, the General Partner shall contribute to the Partnership all of its right, title and interest in the IDRs held by it immediately prior to the Effective Time, which IDRs represent all of the issued and outstanding IDRs under the Current Partnership Agreement, and the IDRs shall immediately thereupon be cancelled and shall cease to exist.
The parties hereto acknowledge and agree that at the Effective Time, in order to evidence (i) the contribution and cancellation of the IDRs, (ii) the issuance of the New Common Units, and (iii) certain other related changes to the Current Partnership Agreement, as permitted under Sections 13.1(d)(i) and 13.1(g) of the Current Partnership Agreement, the Revised Partnership Agreement shall become effective.
The execution and delivery of the Current Partnership Agreement and the Amended Partnership Agreement by BPFH LLC in accordance with this Agreement and the performance by it of its obligations thereunder have been duly and validly authorized by all necessary limited liability company action on its part.
Westfield LP shall deduct the amount of such expenses as an offset from amounts payable by the Parties, including the Closing Date Payment and/or payments pursuant to Schedule III attached hereto or, if the Closing does not occur, the Current Partnership Agreement.
On the Closing Date, the General Partner shall, in order to evidence the effectiveness of the Amendments, execute and adopt the Revised Partnership Agreement, effective as of the date of the approval thereof by the requisite number of unitholders of the Partnership in accordance with the terms and provisions of the Current Partnership Agreement, on its own behalf in its capacity as general partner of the Partnership and by power of attorney on behalf of the limited partners of the Partnership.
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The Current Partnership Agreement has been duly authorized, executed and delivered by the General Partner and is a valid and legally binding agreement of the General Partner, enforceable against the General Partner in accordance with its terms.