Examples of OLP Interest in a sentence
TO HAVE AND TO HOLD the PAAI OLP Interest and the All American L.P. Interest unto the Partnership, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement, forever.
The provisions of Section 4.2, Section 4.3 and Section 11.3 of the Partnership Agreement are hereby amended to permit (i) the conversion of the General Partner Interest into the General Partner Interest and the Transferred OLP Interest and (ii) the Transfer of the Transferred OLP Interest to the MLP, in each case without compliance with the provisions thereof.
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EEP hereby sells to MEP the MEP OLP Interest, and MEP hereby purchases the MEP OLP Interest from EEP.
Immediately following such contribution of such OLP Interest, the General Partner shall and does hereby cease to be a limited partner of the Operating Partnership and shall thereupon cease to have or exercise any right or power as a limited partner of the Operating Partnership, and the Operating Partnership is hereby continued without termination.
The Parties agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments and other documents and to do all such other acts and things, all in accordance with applicable law, as may be necessary or appropriate, to assure that all beneficial and record title to the MEP OLP Interest fully and effectively vests in MEP and its successors and assigns.
MEP acknowledges that the MEP OLP Interest will not be registered under the Securities Act or any applicable state securities laws, and that the MEP OLP Interest may not be transferred or sold except pursuant to the registration provisions of the Securities Act or pursuant to an applicable exemption therefrom, as applicable, and pursuant to state securities laws.
In consideration for ----------------------------------------- the contribution of the OLP Interest by Star Gas to the MLP, the MLP hereby (a) issues, grants, bargains, sells, conveys, transfers, sets over and delivers to Star Gas _____ Common Units (the "Exchange Units") and a 1.0% general partnership interest in the MLP.
Within thirty (30) days after receiving notice from City of revocation of this permit, Permittee shall, upon demand from City, at his/her/its sole cost and expense, remove all improvements installed by Permittee pursuant to this Permit, and shall restore the premises as nearly as practicable to its condition prior to such installation.
The aggregate purchase price for the MEP OLP Interest shall be an amount in cash equal to $350,000,000.00 (the “Consideration”) and shall be paid by MEP to EEP at the Closing (defined below) by wire transfer of immediately available funds to such account or accounts as EEP has previously designated in writing to MEP.