Citrus Merger definition

Citrus Merger means the merger of Citrus ETP Acquisition, L.L.C. with and into Cross Country Energy, LLC (“CCE”) with CCE surviving as a subsidiary of ETP in accordance with the terms of that certain Amended and Restated Agreement and Plan of Merger, dated as of July 19, 2011, by and between ETE and ETP, as amended by Amendment No. 1 thereto, dated as of September 14, 2011 and by Amendment No. 2 thereto, dated as of March 23, 2012.

Examples of Citrus Merger in a sentence

• Southern Union made certain customary representations, warranties, covenants and indemnities in the Citrus Merger Agreement.

• Upon becoming a party to the Citrus Merger Agreement, Southern Union will assume the obligations and rights of ETE.

• The Citrus Merger Agreement provides that Southern Union, CrossCountry Energy, LLC (CrossCountry), PEPL Holdings, LLC (PEPL Holdings) and Citrus ETP Acquisition, L.L.C. (Citrus ETP) will become parties by joinder at a time immediately prior to the closing of the Merger.

• PEPL Holdings will guarantee payment, on a contingent recourse basis, of up to $2.0 billion of indebtedness of ETP related to the Citrus Merger (or, in the alternative, will indemnify a subsidiary of ETP for payments made by such subsidiary with respect to a guarantee of up to $2.0 billion of indebtedness of ETP by such subsidiary).

• Immediately prior to the Effective Time, $1.45 billion of the total cash consideration received in respect of the Citrus Merger was contributed to Merger Sub in exchange for an equity interest in Merger Sub.

• Affidavits or unsworn declarations shall contain only factual, evidentiary matter, shall conform with the requirements of JCRCP 56(e), and shall avoid mere general conclusions or argument.

• As a result of the consummation of the Citrus Merger, ETP owns CrossCountry which in turn owns a 50% interest in Citrus.

• Please also update the Exhibit Index to include the Citrus Merger Agreement and the Second Amended and Restated Support Agreement.

• As consideration for the Citrus Merger, Southern Union received from ETP $2.0 billion, consisting of $1.895 billion in cash and $105 million of common units representing limited partner interests in ETP.

• Under the Citrus Merger Agreement, CrossCountry, a wholly-owned subsidiary of Southern Union that indirectly owns a 50 percent interest in Citrus, will be merged with and into Citrus ETP with CrossCountry surviving as a wholly-owned subsidiary of ETP (Citrus Merger).