Examples of Royalties Exchange Agreement in a sentence
Class C Units Pursuant to the Royalties Limited Partnership Agreement and Royalties Exchange Agreement, BPI, as the holder of Class C Units, has the right to transfer such Class C Units to Holdings LP in consideration for the assumption by Holdings LP of (and the concurrent release of BPI of its obligations with respect to) an amount of the indebtedness under the BP Loan equal to $10 per Class C Unit to be transferred.
THE EXCHANGE RIGHTS Pursuant to the Royalties Limited Partnership Agreement, Royalties Exchange Agreement, BP Canada Limited Partnership Agreement and the BP Canada Exchange Agreement, BPI (or a Related Party to whom the applicable units have been transferred) has the right to exchange Class B Units, Class 2 GP Units, Class 3 GP Units, Class 4 GP Units and Class 5 GP Units, for Units, and Class C Units (for indebtedness under the BP Loan).
Class B Units Pursuant to the Royalties Limited Partnership Agreement and Royalties Exchange Agreement, BPI (or a Related Party to whom such Class B Units are transferred) has the right to exchange a Class B Unit for that number of Units equal to the Class B Exchange Multiplier.
On September 26, 2017, BPI exchanged 1,910,597 Class B Units for 1,191,851 Units (the “ Class B Unit Exchange”) and 40,815,839 Class 2 GP Units for 408,149 Units (together with the Class B Unit Exchange, the “Unit Exchanges”), for a total of 1,600,000 Units in accordance withthe Royalties Exchange Agreement and the BP Canada LP Exchange Agreement.
In short, these non-activists are interested in politics (issues) but alienated and disconnected from the political process and the political system.
County of Fresno, 429 U.S. at 459-460.17 But Congress first enacted the materially identical predecessor to§ 3172(a) in 1936, before this rule had changed.