BP Parties definition

BP Parties means BP and BPCNA, collectively, and “BP Party” means any of BP or BPCNA, individually.
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BP Parties has the meaning set forth in the Preamble to this Agreement.
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BP Parties means, collectively, BP America Inc., a Delaware corporation, BP Nutrition Inc., a Delaware corporation, and The Standard Oil Company, an Ohio corporation.
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Examples of BP Parties in a sentence

  • The Claimant and the BP Parties may choose to reach a compromise at any point up to the time the Appeal Panelist or Appeal Panel issues its decision.

  • If the Transition Process extends an offer by the BP Parties before the Settlement Program is processing Claims, the Transition Process will pay 60% of the offer without requiring a release.

  • The BP Parties and the Claims Administrator shall adjust the monthly payment amounts accordingly to assure that sufficient funds are on deposit in the Administrative Fund to cover the Administrative Expenses on a timely basis.

  • Any such new Economic Class Action Settlement Notice that the BP Parties decide to send out, if they so decide, must be approved by Economic Class Counsel and the Court before it is sent.

  • The BP Parties will fund, within 10 days after Preliminary Approval, $57 million ($57,000,000) to promote the Gulf Coast Areas and waters.

  • Plaintiffs and BP agree that neither this Agreement, nor any actions undertaken by the BP Parties in the negotiation, execution or satisfaction of this Agreement shall constitute, or be construed as, an admission of any liability or wrongdoing, or recognition of the validity of any allegation of fact or law made by the Plaintiffs, the Economic Class or by any Economic Class Member in this Action or in any other action or proceeding.

  • The initial $1 billion payment and the six subsequent quarterly payments described in clauses (i) through (iii) above shall be irrevocable payments by the BP Parties.

  • In the event that the Court certifies the proposed Economic Class in connection with this Agreement, BP will not oppose the motion brought by Interim Class Counsel or Lead Class Counsel (or their designee) seeking to certify a litigation class against Transocean or Halliburton, but limited to the recovery of punitive damages and/or assigned rights from the BP Parties.

  • Contracts entered into with Claims Administration Vendors and their subcontractors shall provide the BP Parties and Lead Class Counsel with a right to receive invoices submitted by Claims Administration Vendors and their subcontractors and a reasonable amount of time to raise concerns or objections to such invoices prior to their payment.

  • This Agreement has been duly and validly executed and delivered by the BP Parties, and constitutes their legal, valid and binding obligation.


More Definitions of BP Parties

BP Parties has the meaning ascribed thereto in Section 5.1.
Sample 1
BP Parties means BP p.l.c. and the parties listed in Part A of Schedule 1;
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BP Parties means BP Pipelines, BP Holdco, the General Partner, and the Partnership. The “Operating Subsidiaries” shall mean BP2, River Rouge, Diamondback and Mardi Gras. The “Mardi Gras Joint Ventures” shall mean Endymion, Caesar, Proteus and Cleopatra. The “BP Entities” shall mean the BP Parties and the Operating Subsidiaries, collectively. The “Partnership Entities” shall mean the Partnership and the Operating
Sample 1
BP Parties means BP Pipelines, BP Holdco, the General Partner, and the Partnership. The “Operating Subsidiaries” shall mean BP2, River Rouge, Diamondback and Mardi Gras. The “Mardi Gras Joint Ventures” shall mean Endymion, Caesar, Proteus and Cleopatra. The “BP Entities” shall mean the BP Parties and the Operating Subsidiaries, collectively. The “Partnership Entities” shall mean the Partnership and the Operating Subsidiaries, collectively. The “Organizational Agreements” shall mean the Partnership Agreement, the GP LLC Agreement, and the limited liability company agreement of each Operating Subsidiary, Mars and each Mardi Gras Joint Venture. The “Organizational Documents” shall mean the Organizational Agreements and the certificates of formation of each of the BP Entities, Mars and each Mardi Gras Joint Venture. The “Operative Agreements” shall mean the Organizational Agreements and the Transaction Documents.
Sample 1

Related to BP Parties

  • Partnership Parties has the meaning assigned to such term in the preamble.

  • Parent Parties has the meaning set forth in ARTICLE V.

  • Selling Parties shall have the meaning specified in the preamble.

  • Company Parties means the collective reference to Holdings and its Restricted Subsidiaries, including the Borrower, and “Company Party” means any one of them.

  • Concert Parties means such Persons as are deemed to be Acting in Concert with AbbVie pursuant to Rule 3.3 of Part A of the Takeover Rules.

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Buyer Parties means Buyer, its respective Affiliates and the former, current or future equity holders and Representatives of each of the foregoing.

  • Note Parties means, collectively, the Company and each Guarantor.

  • Company Entities means the Company and the Company Subsidiaries.

  • Relevant Parties means the Agent, each Borrower, each Security Party, the Security Trustee, each Lender and the Swap Bank;

  • Investor Parties has the meaning set forth in the Preamble.

  • Warrantors means the Founders, the Founder Holdcos and the Group Companies.

  • Partnership Entities means the General Partner and each member of the Partnership Group.

  • Purchaser Parties means, collectively, the Purchasers and any of their respective former, current or future directors, officers, employees, agents, general or limited partners, managers, members, stockholders, Affiliates or assignees or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder, Affiliate or assignee of any of the foregoing.

  • Sponsor Parties means Sponsor, Vendor, and Utility, their respective successors and assigns, and each of their respective affiliates, agents, directors, officers, and employees.

  • Transaction Parties As defined in Section 5.3(o).

  • Local Parties shall be defined as the Board or the local OSSTF/FEESO bargaining unit party to a collective agreement.

  • Parent Entities means, collectively, Parent and all Parent Subsidiaries.

  • Party/Parties means Buyer and Seller individually/collectively.

  • Acquisition Sub shall have the meaning set forth in the Preamble.

  • Bank Parties means Administrative Agent and the Banks.

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • Contributing Parties has the meaning assigned to such term in the preamble.

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.

  • Applicable Parties has the meaning assigned to it in Section 8.03(c).