Economic GP Interest definition

Economic GP Interest has the meaning set forth in the recitals.
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Examples of Economic GP Interest in a sentence

  • The General Partner acknowledges that the Economic GP Interest will bear a restrictive legend to that effect.

  • The General Partner is able to bear the economic risk of an investment in the Economic GP Interest and, at the present time and in the foreseeable future, is able to afford a complete loss of such investment.

  • At the Effective Time, the Economic GP Interest will be duly authorized, validly issued, fully paid (to the extent required by the Second Amended and Restated Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 17-303, 17-607 or 17-804 of the Delaware Act).

  • Pursuant to this Agreement and in connection with the Second Amended and Restated Partnership Agreement, (i) WGR will convey the Consideration Units to the General Partner and then (ii) the General Partner will contribute the Consideration Units to WES in exchange for WES issuing the Economic GP Interest to the General Partner and WES cancelling the General Partner Interest.