AROP definition
Examples of AROP in a sentence
To the extent made in accordance with the previous sentence, any amounts owed by a Payor to AROP in connection with funding or reimbursing AROP for such payments shall not under this Agreement or the other Loan Documents be treated as Debt of the Payor and the amounts paid to AROP to fund or reimburse it for such payments shall not under this Agreement or the other Loan Documents be treated as a distribution or Investment by a Payor to or in AROP.
Pursuant to Section 10.5 and Section 13.1 of the AROP Partnership Agreement, MGP II shall and does hereby authorize the AROP Partnership Agreement to be amended and restated in its entirety to reflect, among other items, the admission of MGP II as the Managing General Partner (as defined in the AROP Partnership Agreement) of AROP.
Simultaneously with the AROP Distribution, (a) MGP, acting in its individual capacity, shall distribute the Alliance Coal Managing Member Interest to MGP II, (b) MGP II shall and does hereby accept, and agree to be bound by, the terms of the Alliance Coal Operating Agreement and (c) MGP II shall be and is hereby admitted to Alliance Coal as the Managing Member (as defined in the Alliance Coal Operating Agreement).
None of the provisions of the Options Trading Agreement shall under any circumstances be deemed to have been waived, modified or otherwise affected except to the extent that some waiver, modification or affect is set forth in writing and signed on BMO InvestorLine’s behalf by its DROP or AROP.
The Administrative Agent and Lenders acknowledge that AROP has historically provided payment and other services for Borrower, its Subsidiaries and certain of the Additional Alliance Entities (“Payors”) for the account of such Payor.
Promptly upon receipt thereof, copies of any statement or report furnished by any rating agency to any Loan Party or any of its Subsidiaries in connection with the Existing AROP Notes, any Existing AROP Notes Refinancing Debt or any Debt permitted under Section 5.02(b)(ii) or Section 5.02(b)(iii).
Immediately thereafter, MGP, acting in its individual capacity, shall and does hereby cease to be the Managing General Partner (as defined in the AROP Partnership Agreement) of AROP and shall thereupon cease to have or exercise any right or power as a partner of AROP.
For the sake of efficiency in Borrower’s and its Subsidiaries’ operations, AROP and the Payors desire to continue such arrangements.
Each of AROP, the Manager/GP Guarantor and each Collateral Granting Loan Party shall promptly provide the Administrative Agent and Credit Agreement the Collateral Agent with certified Constitutive Documents reflecting any of the changes described in the preceding sentence.
Without the written consent of the Required Lenders, permit the occurrence of any Specified Minerals Disposition (as defined in the definition of Existing AROP Notes Refinancing Debt) that would require the issuers of any Existing AROP Notes Refinancing Debt pursuant to the terms of the documents governing such Existing AROP Notes Refinancing Debt to offer to repurchase some or all of such Existing AROP Notes Refinancing Debt.