Plains All American amends AAP LP agreement to allow KAFU interest transfers

PLAINS ALL AMERICAN PIPELINE LP

Amendment No. 3 to Eighth Amended and Restated LP Agreement of Plains AAP, L.P. executed on August 17, 2023.
Revises definition of 'Permitted Transfer' to let KAFU Holdings (QP), L.P. transfer its Partnership Group Interests to its limited partners.
Transfers must involve at least 125,000 Partnership Group Interests when combined with certain contemporaneous affiliate transfers.
Interests include Class A Units of AAP, Class B Shares of Plains GP Holdings, and Holdings GP Units of PAA GP Holdings LLC.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PLAINS ALL AMERICAN PIPELINE LP: Revised definition of 'Permitted Transfer' in AAP LP Agreement to allow KAFU to transfer Partnership Group Interests to its limited partners under certain conditions (effective 2023-08-17).

Effective: 2023-08-17

Exact text from the filing

to one or more of its limited partners, provided that any such transfer, when considered together with contemporaneous transfers by KAFU of any portion of its Partnership Group Interests to affiliates of such limited partner, involves an aggregate of no less than 125,000 Partnership Group Interests.

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Source: SEC EDGAR

accession 0001104659-23-093997

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