Examples of ETP Common Units in a sentence
After giving effect to the transactions contemplated hereby, ETE Holdings will be the record and beneficial owner of 5,226,967 ETP Common Units.
As of the date hereof, ETE Holdings is the record and beneficial owner of 50,226,967 ETP Common Units, and, after giving effect to the ETE Unit Contribution, will be the record and beneficial owner of 55,386,967 ETP Common Units.
The Subject Units and the Contributed Units will constitute all of the ETP Common Units owned of record or beneficially by ETE Holdings immediately prior to giving effect to the transactions contemplated hereby.
As of the date hereof, ETE is the direct record and beneficial owner of 44,324,102 ETP Common Units, and, after giving effect to the Redemption, will be the direct record and beneficial owner of 25,614,102 ETP Common Units.
The issuance of the ETP Common Units constituting the ETP Equity Consideration has been duly authorized in accordance with the Organizational Documents of ETP.
Such Contributor acknowledges and understands that (i) the acquisition of the ETP Common Units has not been registered under the Securities Act in reliance on an exemption therefrom and (ii) the ETP Common Units will, upon such acquisition, be characterized as “restricted securities” under state and federal securities laws.
Such Contributor is acquiring the ETP Common Units for investment for its own account and not with a view toward or for sale in connection with any distribution thereof, or with any present intention of distributing or selling the ETP Common Units.
Such Contributor does not have any Contract or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to the ETP Common Units.
In addition to the Subject Units, ETE indirectly is the beneficial owner of 5,226,967 ETP Common Units owned by ETE Common Holdings, LLC (the “ETE Holdings Units”).
A number of ETP Common Units equal to such Contributor’s allocated portion of the Closing Date Equity Consideration as set forth on the Allocation Schedule to an account at the ETP Transfer Agent specified by such Contributor no fewer than three (3) Business Days prior to the Closing.