Examples of Royalties Limited Partnership Agreement in a sentence
Royalties LP is governed by the Royalties Limited Partnership Agreement.
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.
Rather, BPI provides information system services to the Fund on behalf of Royalties LP under the Administration Agreement and the Royalties Limited Partnership Agreement.
Pursuant to the Royalties Limited Partnership Agreement, BPI is responsible for performing most of Royalties LP’s obligations under the Administration Agreement.