Common use of Liquidation Value Clause in Contracts

Liquidation Value. In the event of any liquidation, dissolution or winding up of the Partnership or the sale or other disposition of all or substantially all of the assets of the Partnership, either voluntary or involuntary, the Holders of the Preferred Units shall be entitled to receive, out of the assets of the Partnership available for distribution to unit holders, prior and in preference to any distribution of any assets of the Partnership to the holders of any other existing or subsequently created Junior Units, an amount equal to the Face Value per Preferred Unit plus all unpaid Preferred Distributions (collectively, the “Liquidation Value”). The foregoing shall not affect any rights which Holders of Preferred Units may have to monetary damages.

Appears in 6 contracts

Sources: Amendment No. 10 to Second Amended and Restated Agreement of Limited Partnership, Amended and Restated Agreement of Limited Partnership (Atlas Resource Partners, L.P.), Class C Preferred Unit Purchase Agreement (Atlas Energy, L.P.)

Liquidation Value. In the event of any liquidation, dissolution or winding up of the Partnership or the sale or other disposition of all or substantially all of the assets of the PartnershipCompany, either voluntary or involuntary, the Holders of the Preferred Units shall be entitled to receive, out of the assets of the Partnership Company available for distribution to unit holders, prior and in preference to any distribution of any assets of the Partnership Company to the holders of any other existing class or subsequently created Junior Unitsseries of equity securities, an the amount equal to the of Face Value per Preferred Unit unit plus all accrued but unpaid Preferred Distributions dividends thereon and all liquidated damages payable under the Registration Rights Agreement (as defined below) which have not yet been paid (collectively, the “Liquidation Value”). The foregoing shall not affect any rights which Holders of Preferred Units may have with respect to any requirement that the Company repurchase the Preferred Units or for any right to monetary damages.

Appears in 1 contract

Sources: Purchase Agreement (Atlas Pipeline Partners Lp)

Liquidation Value. In the event of any liquidation, dissolution or winding up of the Partnership or the sale or other disposition of all or substantially all of the assets of the Partnership, either voluntary or involuntary, the Holders of the Preferred Units (including all PIK Preferred Units) shall be entitled to receive, out of the assets of the Partnership available for distribution to unit holders, prior and in preference to any distribution of any assets of the Partnership to the holders of any other existing or subsequently created Junior Units, an the amount equal to the of Face Value per Preferred Unit unit plus all unpaid Preferred Distributions (collectively, the “Liquidation Value”). The foregoing shall not affect any rights which Holders of Preferred Units may have to monetary damages.

Appears in 1 contract

Sources: Class D Preferred Unit Purchase Agreement (Atlas Pipeline Partners Lp)

Liquidation Value. In the event of any liquidation, dissolution or winding up of the Partnership or the sale or other disposition of all or substantially all of the assets of the Partnership, either voluntary or involuntary, the Holders of the Preferred Units shall be entitled to receive, out of the assets of the Partnership available for distribution to unit holders, prior and in preference to any distribution of any assets of the Partnership to the holders of any other existing or subsequently created Junior Unitsclass or series of equity securities, an the amount equal to the of Face Value per Preferred Unit unit plus all unpaid Preferred Distributions (collectively, the “Liquidation Value”). The foregoing shall not affect any rights which Holders of Preferred Units may have to monetary damages.

Appears in 1 contract

Sources: Amendment to Limited Partnership Agreement (Atlas Resource Partners, L.P.)