Examples of Equity Restructuring Agreement in a sentence
Notwithstanding any other provision of this Section 6.1, the General Partner shall have the discretion to allocate income, gain, loss and deduction for the taxable year that includes the closing date of the Equity Restructuring Agreement in a manner which is reasonably determined to result in each Unit (including the Units issued pursuant to the Equity Restructuring Agreement) having the same Per Unit Capital Amount.
In accordance with Section 2.2 of the Equity Restructuring Agreement, this Agreement shall be effective concurrently with the Closing (as defined in the Equity Restructuring Agreement).
Xxxx Title: Chief Executive Officer [Signature Page to Sponsor Equity Restructuring Agreement] US-DOC\91776486.8 • WMLP has an ongoing audit with the Pipeline and Hazardous Safety Materials Administration (“PHMSA”).
This amendment and restatement shall become effective on the date of this Agreement simultaneously with the effectiveness of the transactions contemplated by the Equity Restructuring Agreement.
As of the date hereof, pursuant to the Equity Restructuring Agreement, the Incentive Distribution Rights held by the General Partner and the economic general partner interest in the Partnership held by the General Partner will be automatically converted into 172,500,000 Common Units and a non-economic General Partner Interest.