Common use of Redemption of Common Units Clause in Contracts

Redemption of Common Units. MLP hereby redeems 825,000 Common Units held by MLP LP LLC in exchange for a payment of the Redemption Price.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Universal Compression Partners, L.P.)

Redemption of Common Units. MLP hereby redeems 825,000 1,500,000 Common Units held by MLP SEP GP LP LLC in exchange for a payment the distribution of borrowed funds equal to the Redemption Price.

Appears in 1 contract

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