Examples of Offering Common Units in a sentence
The Primary Offering Common Units and the DRIP Common Units to be issued by the Partnership pursuant to the Subscription Agreements and the DRIP, respectively, upon issuance and delivery of such common units and receipt by the Partnership of payment of the purchase price therefor in accordance with the Subscription Agreements and the DRIP, respectively, will be duly authorized, validly issued, fully paid and nonassessable limited partner interests in the Partnership.
The Partnership shall have no obligation to include in the Registration Statement, or in an Underwritten Offering, Common Units of a Selling Holder who has failed to timely furnish such information that the Partnership determines, after consultation with counsel, is reasonably required in order for the registration statement or prospectus supplement, as applicable, to comply with the Securities Act.