Issuance of Unit Certificates. Upon the issuance of LP Units to any Person, the Partnership will issue one or more unit certificates ("Unit Certificates") in the name of such Person evidencing the number of such LP Units being so issued. Unit Certificates shall be executed on behalf of the Partnership by the General Partner. No Unit Certificate shall be valid for any purpose until manually countersigned by the Registrar.
Appears in 1 contract
Sources: Limited Partnership Agreement (Kaneb Pipe Line Partners L P)
Issuance of Unit Certificates. Upon the issuance of LP Units to any Person, the Partnership will issue one or more unit certificates ("?Unit Certificates"?) in the name of such Person evidencing the number of such LP Units being so issued. Unit Certificates shall be executed on behalf of the Partnership by the General Partner. No Unit Certificate shall be valid for any purpose until manually countersigned by the Registrar.
Appears in 1 contract
Sources: Limited Partnership Agreement (Kaneb Pipe Line Partners L P)