Common use of Consideration for Redemption Clause in Contracts

Consideration for Redemption. As consideration for the Redemption as described in Section 1.1, at the Closing, upon delivery of the Redeemed Units as set forth in Section 1.2, ETP shall assign and transfer the Trunkline Interest to ETE (the “Transfer”), such Transfer to be evidenced by the delivery of an assignment, in the form attached as Annex D hereto (the “Assignment”).

Appears in 2 contracts

Sources: Redemption and Transfer Agreement, Redemption and Transfer Agreement (Energy Transfer Equity, L.P.)