ENLK definition
Examples of ENLK in a sentence
Upon the issuance by the Company of Common Units to ENLK Unitholders pursuant to the ENLK Merger Agreement, such parties were automatically admitted to the Company as Non-Managing Members in respect of Common Units issued to them.
Each Investor acknowledges that it is not relying upon any Person in making its investment or decision to invest in the Partnership and ENLK.
As of the date hereof and for each taxable year during which ENLK has been in existence through the date hereof, (i) ENLK is and has been properly treated as a partnership for United States federal income tax purposes and (ii) more than 90% of ENLK’s gross income is and has been qualifying income under Section 7704(d) of the Code.
This Agreement has been duly executed and delivered by each of ENLC and ENLK and is a legal, valid and binding obligation enforceable against it in accordance with its terms, subject to the Bankruptcy and Equity Exception.
Each Class C Common Unit will be entitled to the number of votes equal to the number of Common Units for which an ENLK Series B Preferred Unit is exchangeable pursuant to Section 5.10(b)(viii) of the ENLK Partnership Agreement at the time of the Record Date for the vote or written consent on the matter.
The execution, delivery and performance by each of ENLC and ENLK of this Agreement has been duly and validly authorized and approved.
If for any reason the transfer of such ENLK Series B Preferred Units does not occur simultaneously with the Class C Common Unit transfer, then the Class C Common Unit transfer shall be null and void and of no force and effect.
As of the date hereof, ENLK has no reason to believe that any of the conditions set forth in the Purchase Agreement will not be satisfied at or prior to the time contemplated hereunder for Closing.
For so long as the Class C Common Units remain Outstanding, the Managing Member shall not take any action to cause the general partner of ENLK to elect to dissolve ENLK unless such election is approved by a Unit Majority.
As of the date hereof, the Purchase Agreement is in full force and effect and is the legal, valid, binding and enforceable obligation of ENLK and, to the Knowledge of Buyer, each of the other parties thereto, except as such enforceability may be limited by the Bankruptcy and Equity Exception.