Page 11 - Curative Allocation
SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 1/22/2018
Allocation” means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of
Price” means, in respect of any class of Limited Partner Interests, as of the date of determination, the average of the
daily Closing Prices per Limited Partner Interest of such class for the 20 consecutive Trading Days immediately prior to such date.
Act” means the Delaware Revised Uniform Limited Partnership Act, 6 Del C. Section 17-101, et seq., as amended, supplemented
or restated from time to time, and any successor to such statute.
General Partner” means a former general partner from and after the effective date of any withdrawal or removal of such
former general partner pursuant to Section 11.1 or Section 11.2.
means, with respect to any Units issued in global form, The Depository Trust Company and its successors and permitted assigns.
Risk of Loss” has the meaning set forth in Treasury Regulation Section 1.752-2(a).
Citizen” means a Person qualified to own interests in real property in jurisdictions in which any Group Member does business
or proposes to do business from time to time, and whose status as a Limited Partner or Assignee the General Partner determines
does not or would not subject such Group Member to a significant risk of cancellation or forfeiture of any of its properties or
any interest therein.
Holder” means a Person that is not an Ineligible Holder.
Agreement” has the meaning set forth in the recitals.
Withdrawal” has the meaning assigned to such term in Section 11.1(a).
means the Federal Energy Regulatory Commission.
means Spectra Energy Partners (DE) GP, LP, a Delaware limited partnership, and its successors and permitted assigns that are admitted
to the Partnership as general partner of the Partnership, in its capacity as general partner of the Partnership (except as the
context otherwise requires).
Interest” means the management interest of the General Partner in the Partnership (in its capacity as a general partner
without reference to any Limited Partner Interest held by it), and includes any and all benefits to which the General Partner is
entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions
of this Agreement. The General Partner Interest does not have any rights to ownership, profit or any rights to receive any distributions
from operations or the liquidation of the Partnership.