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: TechAgreements

Star Gas Partners Amends Amended And Restated Unit Purchase Rights Agreement

By TechAgreements

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The Second Amendment amends the definition of "Acquiring Person" under the Agreement to restore the acquisition threshold to 15% of the outstanding Common Units. The First Amendment had reduced the acquisition threshold to 5% in order to protect the Partnership's Net Operating Loss Carryforwards (NOLs) for federal income tax purposes by discouraging any Person or group from acquiring more than 5%.

Full post as published by TechAgreements on May 21, 2009 (boomark / email).

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