Examples of ENLC Operating Agreement in a sentence
A holder of Series B Preferred Units shall be prohibited from transferring any of its Series B Preferred Units unless such holder simultaneously transfers to the transferee of such Series B Preferred Units the same number of ENLC Class C Common Units in accordance with the applicable terms of the ENLC Operating Agreement, including compliance with any transfer or other restrictions.
The ENLC Operating Agreement has been duly authorized and executed by the Manager and is a valid and legally binding agreement of ENLC and the Manager, enforceable against ENLC and the Manager in accordance with its terms, except insofar as such enforceability may be limited by Enforceability Exceptions.
A holder of Series B Preferred Units shall be prohibited from transferring any of its Series B PreferredUnits unless such holder simultaneously transfers to the transferee of such Series B Preferred Units the same number of ENLC Class C Common Units in accordance with the applicable terms of the ENLC Operating Agreement, including compliance with any transfer or other restrictions.