Holding LP Units definition
Examples of Holding LP Units in a sentence
Such issuances and payments shall be deemed to occur on the date on which the plan participant is entitled to receive Alliance Holding LP Units thereunder without further payment.
Holders of Alliance Holding LP Units and Alliance Holding limited partnership interests shall be entitled to attend all meetings of the Limited Partners.
The funds provided by the Partnership pursuant to this Section 6.16 shall be used by Alliance Holding solely for the repurchase of Alliance Holding LP Units or Alliance Holding limited partnership interests (together with any expenses incurred in connection with such repurchases) and, to the extent that any excess funds remain following such repurchases, such funds shall be returned to the Partnership.
The right to purchase Limited Partnership Interests pursuant to this Section 16.01 shall not be exercisable unless the General Partner, the Partnership, Alliance Holding or any of the General Partner's Affiliates simultaneously purchases all, but not less than all, of the Alliance Holding LP Units that remain outstanding and held by Persons other than the General Partner and its Affiliates, at a price per Alliance Holding LP Unit equal to the Purchase Price.
Upon such repurchase, the aggregate number of Limited Partnership Interests held by Alliance Holding shall be reduced by a number equal to the aggregate number of Alliance Holding LP Units and Alliance Holding limited partnership interests so repurchased.
In addition, the Partnership shall promptly provide to Alliance Holding such financial and other information regarding the Partnership and any Affiliates which it controls as may be reasonably requested by Alliance Holding in connection with the preparation and filing of any reports required to be filed by Alliance Holding under the Securities Exchange Act, the NYSE or any comparable national securities market on which the Alliance Holding LP Units are listed or quoted, or otherwise.
Subject to Section 17-607 of the Delaware Act, the Partnership may from time to time make a cash distribution to Alliance Holding for the purpose of repurchasing outstanding Alliance Holding LP Units or Alliance Holding limited partnership interests; provided that in no event shall the aggregate number of Alliance Holding LP Units and Alliance Holding limited partnership interests so repurchased be greater than the number of Limited Partnership Interests then held by Alliance Holding.
In exchange for the contribution of the Transferred Assets, Alliance Capital will issue to Alliance Holding (A) such number of Alliance Capital LP Units as shall equal the number of Alliance Holding LP Units outstanding as of the Effective Time, and (B) the Alliance Capital GP Interest.
Subject to the terms and conditions of the Exchange Offer, Alliance Holding shall accept for exchange and exchange for Alliance Capital LP Units, as promptly as practicable after the expiration of the Exchange Offer, all Alliance Holding LP Units validly tendered and not withdrawn.
However, Alliance Holding shall not be obligated to accept Alliance Holding LP Units tendered that, if exchanged, would cause Alliance Holding LP Units to be held by fewer than 1,200 Public Unitholders or would cause there to be fewer than 40 million Alliance Holding LP Units to be held by Public Unitholders immediately following the Exchange Offer.