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Common use of Consideration for Contribution Clause in Contracts

Consideration for Contribution. In consideration for the contribution stated in Section 2.1, the LPL Partnership hereby continues the Partnership’s 1% general partner interest in the LPL Partnership.

Appears in 2 contracts

Sources: Contribution and Assumption Agreement, Contribution and Assumption Agreement (Enbridge Energy Partners Lp)

Related Clauses

  • Tax Credit for Contributions
  • The Contribution
  • Initial Contribution
  • Additional Contributions
  • Employer Contribution

Parent Clauses

  • Contribution to the Operating Partnership
  • Partnership Contribution to the LPL Partnership
  • Company Contribution to the LPL Partnership
  • Contribution of Property
  • Events Occurring on the Contribution Date

Sub-Clauses

  • CONSIDERATION
  • OBJECTIONS TO CLOSING DATE BALANCE SHEET
  • ASSUMPTION OF EECI MIDCOAST DEBT
  • TOTAL CONSIDERATION ADJUSTMENT
  • Post Closing Adjustment
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