Examples of Purchaser Common Units in a sentence
After the Closing Date, there shall be no further transfer on the records of the Trading Partnership or its transfer agent of certificates representing Trading Partnership Common Units and if such certificates are presented to the Trading Partnership for transfer, they shall be canceled against delivery of the certificate or certificates for Purchaser Common Units and Fractional Unit Payment as hereinabove provided.
Subject to the fiduciary duties of the Board of Directors of the KM General Partner under applicable law, the recommendation of the Board of Directors of the KM General Partner that holders of Purchaser Common Units approve the items listed in this Section 5.5 shall be included in the Joint Proxy Statement/Prospectus.
Each of the items described in Section 5.5 to be submitted to the unit holders of Purchaser at the KM Unit Holders' Meeting shall have been approved by a vote of the holders of a majority of the issued and outstanding Purchaser Common Units.
The Registration Statement shall have become effective under the Securities Act and shall not be the subject of any stop order and the Purchaser Common Units to be issued in the Liquidation Distribution shall be approved for listing on the New York Stock Exchange.
None of Purchaser, New LP, the Trading Partnership or the Exchange Agent shall be liable to any person in respect of any Purchaser Common Units (or dividends or distributions with respect thereto) or Fractional Unit Payment delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
On the closing of the U.S. Listing and pursuant to the Investment Agreement, KPE contributed its Purchaser Common Units to the Partnership and the Partnership issued the number of Common Units required to be issued pursuant to the Investment Agreement to KPE or its designees in accordance with the Investment Agreement, and KPE and its transferees were admitted to the Partnership as Limited Partners in accordance with Section 10.2.
Prior to the Closing Date, Purchaser shall have publicly announced that, if the Closing occurs, it intends to increase its regular quarterly distribution to holders of Purchaser Common Units to at least $0.5625 per Purchaser Common Unit.
At the Closing, the SF General Partner shall place the Trading Partnership Common Units for which Holdings' Variable Rate Exchangeable Debentures Due 2010 (the "VREDs") are exchangeable and the right to receive any Purchaser Common Units distributed by the Trading Partnership with respect thereto in escrow with a third-party escrow agent agreed to by the parties hereto.
The term "Purchaser Average Price" means the average of the daily high and low trading prices of Purchaser Common Units on the New York Stock Exchange on each of the 20 trading days ending the third trading day prior to the date as of which the calculation is made.
No dividends or other distributions with respect to Purchaser Common Units with a record date after the Closing Date shall be paid to the holder of any unsurrendered Certificate with respect to the Purchaser Common Units issuable in respect thereof and no Fractional Unit Payment shall be paid to any such holder until the surrender of such Certificate in accordance with this Section 1.