Common use of CONTRIBUTIONS OF VARIOUS ASSETS AND PARTNERSHIP Clause in Contracts

CONTRIBUTIONS OF VARIOUS ASSETS AND PARTNERSHIP. AND LIMITED LIABILITY COMPANY INTERESTS 2.1 Contribution of WEV Common Stock by WES ▇▇ GP LLC. WES ▇▇▇eby grants, contributes, transfers and conveys to GP LLC, its successors and assigns, all right, title and interest in and to one percent (1%) of the common stock of WEV equal to [___] shares of such common stock (the "WEV Stock"), and GP LLC hereby accepts the WEV Stock as a contribution to the capital of GP LLC. TO HAVE AND TO HOLD the WEV Stock unto GP 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. 2.2 Contribution by Terminals LP to WBE LLC of the Terminals LP Real and Personal Assets. Terminals LP hereby grants, contributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, for its and their own use forever, all right, title and interest of Terminals LP in and to the Terminals LP Real and Personal Assets, and WBE LLC hereby accepts the Terminals LP Real and Personal Assets, as a contribution to the capital of WBE LLC. TO HAVE AND TO HOLD the Terminals LP Real and Personal Assets unto WBE 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. 2.3 Contribution by Terminals LP to WBE LLC of WESI Common Stock. Terminals LP hereby grants, contributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, all right, title and interest in and to all of the common stock of WESI equal to [___] shares of such common stock (the "WESI Stock"), and WBE LLC hereby accepts the WESI Stock as an additional contribution to the capital of WBE LLC. TO HAVE AND TO HOLD the WESI Stock unto WBE 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. 2.4 Contribution by Terminals LP to WBE LLC of Interest in Wiljet. Terminals LP hereby grants, distributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, for its own use forever, all right, title and interest of Terminals LP in and to Wiljet, being a __________ percent (___%) membership interest (the "Terminals LP Interest in Wiljet"), and WBE LLC hereby accepts the Terminals LP Interest in Wiljet. TO HAVE AND TO HOLD the Terminals LP Interest in Wiljet unto WBE 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. 2.5 Contribution by Terminals LP to WBE LLC of Interest in NE LLC. Terminals LP hereby grants, distributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, for its own use forever, all right, title and interest of Terminals LP in and to NE LLC, being a __________ percent (___%) membership interest (the "Terminals LP Interest in NE LLC"), and WBE LLC hereby accepts the Terminals LP Interest in NE LLC. TO HAVE AND TO HOLD the Terminals LP Interest in NE LLC unto WBE 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. 2.6 Distributions by Terminals LP to WES ▇▇▇ GP LLC of Interest in WBE LLC. Terminals LP hereby grants, distributes, transfers, assigns and conveys to WES ▇▇▇ GP LLC, their respective successors and assigns, for their own use forever, all right, title and interest of Terminals LP in and to WBE LLC, being a __________ percent (___%) membership interest (the "WBE LLC Interest of Terminals LP"), in the following percentage interests: (i) To WES, ▇ ninety-nine percent (99%) interest; and (ii) To GP LLC, a one percent (1%) interest; and WES ▇▇▇ GP LLC hereby accept the WBE LLC Interest of Terminals LP in the respective percentage interests set forth above. TO HAVE AND TO HOLD the WBE LLC Interest of Terminals LP unto WES ▇▇▇ GP LLC in the respective percentage interests set forth immediately above, their 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. 2.7 Distribution by GP LLC of Interest in WBE LLC to WES. ▇▇ LLC hereby grants, distributes, transfers, assigns and conveys to WES, ▇▇s successors and assigns, for its own use forever, all right, title and interest of GP LLC in and to WBE LLC, being a __________ percent (___%) membership interest (the "WBE LLC Interest of GP LLC"), and WES ▇▇▇eby accepts the WBE LLC Interest of GP LLC. TO HAVE AND TO HOLD the WBE LLC Interest of GP LLC unto WES, ▇▇s 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)

CONTRIBUTIONS OF VARIOUS ASSETS AND PARTNERSHIP. AND LIMITED LIABILITY COMPANY INTERESTS 2.1 Contribution of WEV Common Stock by WES ▇▇ to GP LLC. WES ▇▇▇eby hereby grants, contributes, transfers and conveys to convey▇ ▇o GP LLC, its successors it▇ ▇uccessors and assigns, all right, title and interest in and to one percent (1%) 1.0% of the issued and outstanding common stock of WEV equal to [___] shares one share of such common stock (the "WEV Stock"), and GP LLC hereby accepts the WEV Stock as a contribution to the capital of GP LLC. TO HAVE AND TO HOLD the WEV Stock unto GP 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. 2.2 Contribution by Terminals LP to WBE LLC of the Terminals LP Real and Personal Assets. Terminals LP hereby grants, contributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, for its and their own use forever, all right, title and interest of Terminals LP in and to the Terminals LP Real and Personal Assets, and WBE LLC hereby accepts the Terminals LP Real and Personal Assets, as a contribution to the capital of WBE LLC. TO HAVE AND TO HOLD the Terminals LP Real and Personal Assets unto WBE 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. 2.3 Contribution by Terminals LP to WBE LLC of WESI Common Stock. Terminals LP hereby grants, contributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, all right, title and interest in and to all of the issued and outstanding common stock of WESI equal to [___] shares of such common stock (the "WESI Stock"), and WBE LLC hereby accepts the WESI Stock as an additional contribution to the capital of WBE LLC. TO HAVE AND TO HOLD the WESI Stock unto WBE 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. 2.4 Contribution by Terminals LP to WBE LLC of Interest in Wiljet. Terminals LP hereby grants, distributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, for its own use forever, all right, title and interest of Terminals LP LP's membership interest in and to Wiljet, being a __________ percent (___%) membership interest Wiljet (the "Terminals LP Interest in Wiljet"), and WBE LLC hereby accepts the Terminals LP Interest in Wiljet. TO HAVE AND TO HOLD the Terminals LP Interest in Wiljet unto WBE 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. 2.5 Contribution by Terminals LP to WBE LLC of Interest in NE LLC. Terminals LP hereby grants, distributes, transfers, assigns and conveys to WBE LLC, its successors and assigns, for its own use forever, all right, title and interest of Terminals LP LP's membership interest in and to NE LLC, being a __________ percent (___%) membership interest (the "Terminals LP Interest in NE LLC"), and WBE LLC hereby accepts the Terminals LP Interest in NE LLC. TO HAVE AND TO HOLD the Terminals LP Interest in NE LLC unto WBE 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. 2.6 Distributions by Terminals LP to WES ▇▇▇ and GP LLC of Interest in WBE LLC. Terminals LP hereby grants, distributes▇▇▇tributes, transfers, assigns and conveys to WES ▇▇▇ and GP LLC, their respective successors and assigns, for their own ▇▇▇ use forever, all right, title and interest of Terminals LP in and to WBE LLC, being a __________ percent (___%) 100% membership interest (the "WBE LLC Interest of Terminals LP"), in the following percentage interests: (i) To WES, ▇ ninety-nine percent (99%) a 99.0% interest; and (ii) To GP LLC, a one percent (1%) interest1.0% interes▇; and WES ▇▇▇ and GP LLC hereby accept the WBE LLC Interest of Terminals LP in the i▇ ▇he respective percentage interests set forth above. TO HAVE AND TO HOLD the WBE LLC Interest of Terminals LP unto WES ▇▇▇ and GP LLC in the respective percentage interests set forth immediately imm▇▇▇ately above, their 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. 2.7 Distribution by GP LLC of Interest in WBE LLC to WES. ▇▇ GP LLC hereby grants, distributes, transfers, assigns and conveys conv▇▇▇ to WES, ▇▇s its successors and assigns, for its own use forever, all right, title ▇itle and interest of GP LLC in and to WBE LLC, being a __________ percent (___%) 1.0% membership interest (the "WBE LLC Interest of GP LLC"), and WES ▇▇▇eby hereby accepts the WBE LLC Interest of GP LLC. TO HAVE AND HAV▇ ▇ND TO HOLD the WBE LLC Interest of GP LLC unto WES, ▇▇s its successors and assigns, together with all and singular the rights ▇▇ghts 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)