Common use of Issuance of Additional Common Units Clause in Contracts

Issuance of Additional Common Units. Upon the expiration of the Option Period, the Partnership will issue to TO a number of additional Common Units that is equal to the excess, if any, of (x) 407,500 over (y) the aggregate number of additional Option Units, if any, actually purchased by and issued to the Underwriters pursuant to each additional exercise of the Over-Allotment Option after the Closing Date.

Appears in 2 contracts

Sources: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Tallgrass Energy Partners, LP)

Issuance of Additional Common Units. Upon the expiration of the Option Period, the Partnership will issue to TO Midstream Investments a number of additional Common Units that is equal to the excess, if any, of (x) 407,500 1,875,000 over (y) the aggregate number of additional Option Common Units, if any, actually purchased by and issued to the Underwriters pursuant to each additional exercise of the Over-Allotment Option after the Closing DateOption.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (EQT Midstream Partners, LP)