Common use of Contribution of WAPI Clause in Contracts

Contribution of WAPI. Common Stock by WNGL to WNGL LLC. WNGL hereby grants, contributes, transfers, assigns and conveys to WNGL LLC, its successors and assigns, all right, title and interest in and to .001% of the common stock of WAPI equal to [ ] shares of such common stock (the "WAPI Stock"), and WNGL LLC hereby accepts the WAPI Stock as an additional contribution to the capital of WNGL LLC. TO HAVE AND TO HOLD the WAPI Stock unto WNGL LLC, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement, forever.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Williams Energy Partners L P)

Contribution of WAPI. Common Stock by WNGL to WNGL LLC. WNGL hereby grants, contributes, transfers, assigns and conveys to WNGL LLC, its successors and assigns, all right, title and interest in and to .001% of the issued and outstanding common stock of WAPI equal to [ ] shares 1/10th of one share of such common stock (the "WAPI Stock"), and WNGL LLC hereby accepts the WAPI Stock as an additional contribution to the capital of WNGL LLC. TO HAVE AND TO HOLD the WAPI Stock unto WNGL LLC, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement, forever.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Williams Energy Partners L P)