Examples of El Paso Entity in a sentence
Therefore, from and after the date of execution and delivery of this Agreement, Seller shall take all reasonable steps, including all steps that the Program Agent, any Managing Agent or any Investor may from time to time reasonably request, to maintain Seller’s identity as a separate legal entity and to make it manifest to third parties that Seller is an entity with assets and liabilities distinct from those of any El Paso Entity thereof and not just a division of a El Paso Entity.
Therefore, from and after the date of execution and delivery of this Agreement, Finance LLC shall take all reasonable steps, including all steps that Buyer (or its assigns) may from time to time reasonably request, to maintain Finance LLC’s identity as a separate legal entity and to make it manifest to third parties that Finance LLC is an entity with assets and liabilities distinct from those of any El Paso Entity thereof and not just a division of a El Paso Entity.
For the avoidance of doubt, the provisions of this Agreement shall not give rise to any right of recourse against any officer or director of any El Paso Entity or any Partnership Entity.
EP Energy shall have sole responsibility for the administration of the EP Energy Non-Employee Director Compensation Plan and the payment of benefits thereunder to or on behalf of EP Energy Directors and El Paso — EP Energy Directors, and no El Paso Entity shall have any liability or responsibility therefor.
None of the Sponsor, the Company nor any El Paso Entity is a "holding company" or a "subsidiary company" of a "holding company" or an "affiliate" of a "holding company" or of a "subsidiary company" of a "holding company" or a "public utility" within the meaning of the Public Utility Holding Company Act of 1935, as amended.
A “Former El Paso Group Employee” shall mean any former Employee of any El Paso Entity or their predecessors, other than a Former EP Energy Group Employee.
As used herein, the term "El Paso Entity" means each of El Paso, the Holder, and each El Paso Subsidiary.
Except as expressly provided otherwise in this Agreement or in any Transaction Document, the rights of each El Paso Entity and each EP Energy Entity to amend, waive, or terminate any plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement.
Each of El Paso and EP Energy shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any El Paso Entity and any EP Energy Entity, respectively.
Except as otherwise provided in Section 4.1, the Distribution and the assignment, transfer or continuation of the employment of Employees as contemplated by this Section 2.1 shall not be deemed a severance of employment of any Employee for purposes of this Agreement and any Benefit Plan of any El Paso Entity or any EP Energy Entity.