Examples of Public Limited Partners in a sentence
The Public Limited Partners entitled to vote shall elect by a plurality of the votes cast at such meeting (not counting abstentions) persons to serve as Public Directors on the Board of Directors who are nominated in accordance with the provisions of this Section 16.1(b).
Until the Regulatory Trigger Date, the General Partner shall, and shall cause the Partnership to, use its commerically reasonable efforts to obtain the approval from the CPUC and PPUC of the right of the Public Limited Partners to elect Public Directors or to obtain reasonable assurances sufficient for the Board of Directors to make a determination that such approval is not required.
The Conflicts Committee has received the opinion of Intrepid Partners, LLC to the effect that, as of the date of such opinion, and based upon and subject to the assumptions, qualifications, limitations and other matters set forth therein, the consideration to be received by the Public Limited Partners upon the consummation of the transactions contemplated by this Agreement and the Merger Agreement is fair, from a financial point of view, to the Public Limited Partners.
As a result, (i) no taxable gain or loss will be recognized by PSXP or the General Partner and (ii) in the case of the existing Public Limited Partners owning Common Units, taxable gain will be reported only to the extent such Limited Partner’s share of PSXP’s liabilities under Section 752 of the Code is decreased by an amount that is greater than such Limited Partner’s adjusted tax basis in its Common Units.
Changes in partners’ equity are as follows (in thousands): Limited Partners Common Units- Public Limited Partners Common Units- Public There was no change in the number of common limited partner units outstanding during the six months ended June 30, 2022.
As a result, (i) no taxable gain or loss will be recognized by SHLX or the General Partner and (ii) in the case of the existing Public Limited Partners owning Common Units, taxable gain will be reported only to the extent such Limited Partner’s share of SHLX’s liabilities under Section 752 of the Code is decreased by an amount that is greater than such Limited Partner’s adjusted tax basis in its Common Units.
As a result, (i) no taxable gain or loss will be recognized by XXX or the General Partner and (ii) in the case of the existing Public Limited Partners owning Common Units, taxable gain will be reported only to the extent such Limited Partner’s share of WES’s liabilities under Section 752 of the Code is decreased by an amount that is greater than such Public Limited Partner’s adjusted tax basis in its Common Units.
The General Partner, the Associate Limited Partners (as defined below) and the registered owners of the other limited partner interests in the Partnership, whether limited partners or assignees (the "Public Limited Partners"), set forth in the books and records of the Partnership as of 10:00 a.