Examples of BOLP in a sentence
The amounts payable pursuant to this Section 5 shall be paid by BOLP to the Executive not later than the date of the Termination Event or as soon thereafter as the same is calculated, but at such time or times as to eliminate the need for the Executive to pay any such taxes or installment thereof from funds not paid or advanced by BOLP, unless otherwise agreed to in writing.
In accordance with the provisions of the business corporation laws of the States of Florida and Delaware at the Effective Date (as hereinafter defined), each of BOL, BOLP and BOLC shall be merged (the "Merger") into the Subsidiary, and the Subsidiary shall be the surviving corporation (the "Surviving Corporation") and as such shall continue to be governed by the laws of the State of Delaware.
This Agreement shall inure to the benefit of, be binding upon and be enforceable by Bradxxx xxx BOLP, their successors and assigns and the Executive, and the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
In addition, Amendment No. 1 to the Credit Agreement enacted certain additional amendments, waivers and consents to the Amended and Restated Credit Agreement and the related Security Agreement, dated November 1, 2007, among BOLP, certain of its subsidiaries and the Agent, necessary to permit the Amendment No. 1 to the First Amended and Restated Limited Partnership Agreement and the transactions consummated in the Purchase, Contribution and Partnership Transactions.
PCEC shall obtain (no later than the date of Closing) and maintain, at its own cost and expense, directors and officers liability insurance for the benefit of the directors and officers of BGP, BBEP, BOLP, BBF and BMC, respectively, with respect to claims arising from, or relating to, BBEP’s, BGP’s, BOLP’s, BBF’s or BMC’s (and their respective directors and officers) management of PCEC (as sponsor of the Pacific Coast Oil Trust).
BOLP and PCEC will enter into a joint operating agreement in the form attached hereto as Exhibit C-1 covering the East Coyote Lands (the “East Coyote JOA”) and, effective as of the Effective Time, all operations on the East Coyote Lands shall be governed by the provisions of the East Coyote JOA and the applicable provisions of this Agreement (and, effective as of the Effective Time, such arrangement shall supersede and replace any existing operating agreements covering the East Coyote Lands).
Similarly, the obligations of the Partnership (other than the payment of the ORRI) set forth in the ORRI Conveyance, are hereby assumed by, and will be the sole responsibility of, BOLP, as operator under the JXXx.
The authorized capital stock of BOLP consists of 10,000 shares of BOLP Common Stock, of which 1,000 shares are issued and outstanding and owned of record by Xxxxxxxxxxx (500 shares), X.
Future gross revenue to the BOLP interest is prior to deducting state production taxes and ad valorem taxes.
On May 7, 2010, BOLP, as borrower, and we and our wholly-owned subsidiaries, as guarantors, entered into the Second Amended and Restated Credit Agreement, a four-year, $1.5 billion revolving credit facility with Wells Fargo Bank, National Association, as Administrative Agent, Swing Line Lender and Issuing Lender, and a syndicate of banks (the “Second Amended and Restated Credit Agreement”).