B&L Supply definition
Examples of B&L Supply in a sentence
If ▇▇ ▇▇ LP so elects, EM Holdings shall purchase such number of EMC’s B&L Supply membership units as ▇▇ ▇▇ LP shall elect for fair market value in cash or, if EMC so elects, a note from EM Holdings in such amount.
MATERIAL AGREEMENTS Distribution Agreement between B&L Supply Co., L.C. and TMK IPSCO dated April 29, 2010 (assigned to Borrower on the Closing Date) Letter Agreement among Anadarko Petroleum Corporation, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ Supply Co., L.C. and IPSCO Tubulars, Inc.
B&L Supply shall assume, indemnify B&L against and agree to fully pay, discharge, satisfy and perform all of the Liabilities of B&L under the Contingent Junior Subordinated Note, dated August 19, 2010, made by B&L to ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ Supply Co., L.C. (the “Seller Note”).
The Company and EMC shall retain any net proceeds that are paid directly to the Company or B&L Supply.
The provisions of this Section 7.2 are intended solely for the benefit of the Notes Secured Parties and may be modified, amended or waived by them without the approval of the B&L Supply, any other Grantor, any Revolving Loan Secured Party, or otherwise.
In connection with any transfer described herein to Notes Agent, Revolving Loan Agent agrees to take reasonable actions in its power (with all costs and expenses in connection therewith to be for the account of Notes Agent and to be paid by B&L Supply) as shall be reasonably requested by Notes Agent to permit Notes Agent to obtain, for the benefit of the Notes Secured Parties, a first priority security interest in the Pledged Collateral.
B&L Supply shall cause each of its subsidiaries that becomes a Grantor to acknowledge and consent to the terms of this Agreement by causing such subsidiary to execute and deliver to the parties hereto a Grantor Joinder, substantially in the form of Annex B hereto, pursuant to which such subsidiary shall agree to be bound by the terms of the attached Acknowledgment and Agreement to the same extent as if it had executed and delivered same as of the date hereof.
The Partnership and B&L shall contribute directly, or indirectly through one or more transfers, all of the issued and outstanding capital stock of US Borrower and all of the membership units (not owned by US Borrower) of B&L Supply, respectively, to EM Holdings LLC or EDG Holdco LLC.
B&L Supply agrees to provide to the Notes Agent and the Revolving Loan Agent a copy of each Grantor Joinder hereto executed and delivered pursuant to Section 10.17 of the Intercreditor Agreement.
In connection with any transfer described herein to Revolving Loan Agent, Notes Agent agrees to take reasonable actions in its power (with all costs and expenses in connection therewith to be for the account of Revolving Loan Agent and to be paid by B&L Supply) as shall be reasonably requested by Revolving Loan Agent to permit Revolving Loan Agent to obtain, for the benefit of the Revolving Loan Secured Parties, a first priority security interest in the Pledged Collateral.