Common use of State Takeover Statute Clause in Contracts

State Takeover Statute. The action of the GP Board in approving this Agreement and the transactions contemplated hereby is sufficient to render inapplicable to this Agreement and the transactions contemplated hereby any state Takeover Laws. There is no unitholder rights plan in effect, to which the Partnership is a party or otherwise bound, except as set forth in the Organizational Documents of the Partnership.

Appears in 4 contracts

Sources: Merger Agreement (Crestwood Equity Partners LP), Merger Agreement (Oasis Midstream Partners LP), Merger Agreement (Crestwood Equity Partners LP)

State Takeover Statute. The action of the Partnership Managing GP Board in approving this Agreement and the transactions contemplated hereby is sufficient to render inapplicable to this Agreement and the transactions contemplated hereby any state Takeover Lawstakeover laws. There is no unitholder rights plan in effect, to which the Partnership or any Partnership Subsidiary is a party or otherwise bound, except as set forth in the Organizational Documents of the Partnershipparty.

Appears in 3 contracts

Sources: Merger Agreement (NuStar Energy L.P.), Merger Agreement (Sunoco LP), Merger Agreement (Sunoco LP)

State Takeover Statute. The action of the Parent GP Board in approving this Agreement and the transactions contemplated hereby is sufficient to render inapplicable to this Agreement and the transactions contemplated hereby any state Takeover Lawstakeover laws. There is no unitholder rights plan in effect, to which the Partnership Parent is a party or otherwise bound, except as set forth in the Organizational Documents of the Partnership.

Appears in 2 contracts

Sources: Merger Agreement (Energy Transfer LP), Merger Agreement (Enable Midstream Partners, LP)

State Takeover Statute. The action of the GP Board in approving this Agreement and the transactions contemplated hereby is sufficient to render inapplicable to this Agreement and the transactions contemplated hereby any state Takeover Lawstakeover laws. There is no unitholder rights plan in effect, to which the Partnership is a party or otherwise bound, except as set forth in the Organizational Documents of the Partnership.

Appears in 2 contracts

Sources: Merger Agreement (Energy Transfer LP), Merger Agreement (Enable Midstream Partners, LP)

State Takeover Statute. The action of the Board of Directors of the Partnership GP Board in approving this Agreement and the transactions contemplated hereby is sufficient to render inapplicable to this Agreement and the transactions contemplated hereby any state Takeover Lawstakeover laws. There is no unitholder rights plan in effect, to which the Partnership is a party or otherwise bound, except as set forth in the Organizational Documents of the Partnership.

Appears in 2 contracts

Sources: Merger Agreement (Crestwood Midstream Partners LP), Merger Agreement (Crestwood Equity Partners LP)