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Common use of Rights of Class B Units Clause in Contracts

Rights of Class B Units. The Class B Units shall have the following rights, preferences and privileges and shall be subject to the following duties and obligations:

Appears in 9 contracts

Sources: Limited Partnership Agreement (Energy Transfer LP), Amendment No. 8 to Third Amended and Restated Agreement of Limited Partnership (Energy Transfer LP), Merger Agreement (Energy Transfer Operating, L.P.)

Related Clauses

  • Class B Units
  • Voting Rights of Members
  • Limitations on Voting Rights
  • Rights of Assignees of Partnership Interests
  • Rights of Contribution

Parent Clauses

  • Establishment of Class B Units
  • Facsimile Signatures
  • Reliance by Third Parties
  • Right to Vote and Related Matters
  • Capital Contributions and Issuance of Partnership Interests

Sub-Clauses

  • Allocations
  • Elimination of Cumulative Class B Unit Arrearages Upon Conversion
  • Allocation of Net Termination Loss to Class B Unitholders
  • Allocation of Net Termination Gain to Class B Unitholders
  • Distributions
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