Examples of MLP Unit in a sentence
A Phantom MLP Unit is a right to receive, upon vesting as provided below, a subordinated unit of Plains All American Pipeline, L.P. (the "MLP") (or, to the extent such subordinated units have been converted into common units, in common units of the MLP ("Units")).
A tandem DER is a right to receive an amount in cash equal to the distributions made by the MLP with respect to a Unit during the period beginning on June 30, 2001 and ending on the later of the date the tandem Phantom MLP Unit becomes vested or paid, as provided below.
Xxxxxxxxx Title: Vice President MLP UNIT PLEDGE L.P., a Delaware limited partnership, as a Subsidiary Guarantor By: MLP Unit Pledge GP LLC, a Delaware limited liability company, its general partner By: LRA Manager Corp., a Delaware corporation, its manager By: /s/ Xxxxxx X.
Xxxxxxxxx Title: Vice President MLP UNIT PLEDGE L.P. By: MLP Unit Pledge GP LLC, its sole general partner By: LRA Manager Corp., its manager By: Name: Xxxxxx X.
A summary of how responsibility for functions and services is allocated within the Council’s Officer management structure is given in Part 8 of the Constitution.
In accordance with Section 13.3(d) of the limited partnership agreement of the MLP, the General Partner shall obtain an Opinion of Counsel, as defined in the limited partnership agreement of the MLP, to the effect that the amendments to the limited partnership agreement of the MLP proposed to be approved at the MLP Unit Holders' Meeting will not affect the limited liability of any limited partner of the MLP under applicable law.
The Board of Managers of the General Partner has received the opinion of McDonald Investments, Inc., the financial advisor to the Conflicts Committee, to the effect that the transactions contemplated by this Agreement and the Constituent Documents, including, but not limited to, those matters to be approved at the MLP Unit Holders' Meeting, are fair from a financial point of view to the limited partners of the MLP (the "MLP Fairness Opinion").
Based on, among other things, the receipt of the MLP Fairness Opinion, the Conflicts Committee has approved this Agreement and the transactions contemplated hereby, and the other matters to be approved at the MLP Unit Holders' Meeting, and has agreed to recommend all such matters to the unit holders of the MLP in the Proxy Statement and has not taken or resolved to take any action adverse to such approval and/or recommendation.
Approval of the foregoing matters shall require the favorable vote of (x) holders of a majority of the outstanding Common Units entitled to vote at the MLP Unit Holders' Meeting and (y) holders of a majority of the outstanding Subordinated Units entitled to vote at the MLP Unit Holders' Meeting.
All restrictions on each MLP Common Unit that is a restricted unit issued pursuant to the MLP Unit Plan (an “MLP Restricted Common Unit”) outstanding immediately prior to the Effective Time shall, immediately prior to the Effective Time, lapse.