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Common use of Voting of Incentive Distribution Rights Clause in Contracts

Voting of Incentive Distribution Rights. Notwithstanding anything in this Agreement to the contrary, the Record Holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter.

Appears in 5 contracts

Sources: Limited Partnership Agreement (Summit Midstream Partners, LP), Limited Partnership Agreement (Southcross Energy Partners, L.P.), Limited Partnership Agreement (Southcross Energy Partners, L.P.)

Related Clauses

  • Transfer of Incentive Distribution Rights
  • Special Provisions Relating to the Holders of Incentive Distribution Rights
  • Stock Distribution /Rights Exercise Fee
  • Award Distribution
  • Termination Rights

Parent Clauses

  • Reliance by Third Parties
  • AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE
  • Right to Acquire Limited Partner Interests
  • GENERAL PROVISIONS
  • Amendment of Partnership Agreement

Sub-Clauses

  • Authority
  • Counterparts
  • Integration
  • Creditors
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