Examples of Inergy Partners in a sentence
The IDRs will be cancelled and have no further force or effect, and the Inergy units owned by IPCH, approximately 789,202, and Inergy Partners, approximately 2,837,034, will be converted into Class A units of Inergy of equivalent value.62 In exchange, Inergy will deposit with an exchange agent approximately 35.2 million Inergy units and approximately 11.6 million PIK units, discussed further below, to be distributed to Holdings’ unitholders.
Holdings will exchange with Inergy(1) all of its IDRs and (2) all of its ownership interests in IPCH and Inergy Partners.
Id.The individual Defendants hold a majority of the Holdings units13 and, thus, control Holdings’ Inergy Assets, which include: (a) a direct 6% interest in Inergy; (b) a 100% ownership interest in Inergy GP; (c) a 100% ownership interest in Inergy’s non-managing general partner, Inergy Partners, LLC; (d) an interest in an intermediary company, IPCH Acquisition Corp.
The preferred interest issued to members for cash in December 1999 and January 2001 were redeemable in an amount between one and two times face value at issuance.Inergy, L.P. and Subsidiary(Successor to Inergy Partners, LLC and Subsidiaries) Notes to Consolidated Financial Statements(In Thousands Except Unit and Per Unit Data) 7.
Inergy Partners and Xxxxxx Xxxxxx, individually ("Xxxxxx"), caused Inergy Propane, LLC (referred to herein as the "Company" and formerly known as XxXxxxxxx Oil & Propane Company, LLC ) to be formed as a limited liability company under the Delaware Limited Liability Company Act on October 25, 1996.
In addition, Holdings agrees to (i) exchange with Inergy the Incentive Distribution Rights and (ii) contribute to Inergy all of Holdings’ ownership interests in IPCH and Inergy Partners.
On November 5, 2010, Inergy GP, LLC, as the Managing General Partner, Inergy Partners, LLC, a Delaware limited liability company, IPCH Acquisition Corp., a Delaware corporation, and Inergy Holdings, L.P. entered into that Third Amended and Restated Agreement of Limited Partnership of the Partnership (the “Third Amended and Restated Partnership Agreement”).
Xxxxxx If to BUYER to: Inergy Partners, LLC 0000 Xxxxxx, Xxxxx 0000 Xxxxxx Xxxx, Xxxxxxxx 00000 Attn: Xxxx X.
Certain of the redeemable Class A preferred interests of Inergy Partners contained conversion terms that were more advantageous than the terms of the other preferred interests issued by Inergy Partners as further described in Note 7.
Inergy Partners, Rolesville Gas and Xxxxxx Oil amended and restated in its entirety the first amended and restated Limited Liability Company Agreement by executing a second amended and restated Limited Liability Company Agreement on September 30, 1999, to, among other things, provide for common and preferred limited liability company interests, change the name of the limited liability company to Inergy Propane, LLC and admit certain new Members to the Company.