Restructuring Common Units definition

Restructuring Common Units has the meaning set forth in Section 2.2.
View Source
Restructuring Common Units means 65,000,000 newly-issued Common Units issued to the General Partner in connection with the transactions contemplated by the Equity Restructuring Agreement.
View Source
Restructuring Common Units shall have the meaning given such term in the recitals.
View Source

Examples of Restructuring Common Units in a sentence

  • The General Partner is able to bear the economic risk of an investment in the Restructuring Common Units and, at the present time and in the foreseeable future, is able to afford a complete loss of such investment.

  • The General Partner acknowledges that the Restructuring Common Units will bear a restrictive legend to that effect.

  • AMLP GP acknowledges and agrees that it must bear the economic risk of this investment indefinitely, that the Restructuring Common Units issued to AMLP GP hereunder may not be sold or transferred or offered for sale or transfer by it without registration under the Securities Act and an applicable state securities or “Blue Sky” Laws or the availability of exemptions therefrom, and that AMLP GP has no present intention of registering the resale of any of such Restructuring Common Units.

  • AMLP GP acknowledges that the Restructuring Common Units will bear a restrictive legend to that effect.

  • The Restructuring Common Units will be duly authorized and, when issued and delivered to AMLP GP in accordance with the terms hereof, will be validly issued, fully paid (to the extent required by the Original LP Agreement and the Revised LP Agreement), and non-assessable.

  • AMLP GP is able to bear the economic risk of an investment in the Restructuring Common Units and, at the present time and in the foreseeable future, is able to afford a complete loss of such investment.

  • The General Partner acknowledges and agrees that it must bear the economic risk of this investment indefinitely, that the Restructuring Common Units issued to the General Partner hereunder may not be sold or transferred or offered for sale or transfer by it without registration under the Securities Act and any applicable state securities or “Blue Sky” Laws or the availability of exemptions therefrom.

  • The General Partner has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Restructuring Common Units, and has so evaluated the merits and risks of such investment.

  • The Restructuring Common Units, when issued and delivered to the General Partner in accordance with the terms hereof, will be duly authorized, validly issued, fully paid (to the extent required by the Fourth Amended and Restated Partnership Agreement) and non-assessable (except as such non-assessability may be affected by Sections 17-303, 17-607 or 17-804 of the Delaware Act).

  • The General Partner and MPLX shall use their respective Commercially Reasonable Efforts to cause the Restructuring Common Units to be admitted for listing on the New York Stock Exchange as promptly as practicable after the Closing Date.