Common use of Limited Application Clause in Contracts

Limited Application. The provisions of Paragraph 5(g)(ii) below shall apply solely in the event that the Company and the Partnership announce formally to the public (whether through a press release or the filing of a current report on Form 8-K) that they no longer intend to pursue the proposed acquisition/business combination/restructuring transaction that was announced formally to the public on February 21, 2007.

Appears in 8 contracts

Sources: Retention Agreement (MPLX Lp), Retention Agreement (Marathon Petroleum Corp), Retention Agreement (MPLX Lp)