EPOLLC definition
Examples of EPOLLC in a sentence
Notwithstanding any provision of this Article 2 to the contrary, should the General Partner fail to cause EPD or EPOLLC to pay to EPCO, as agent for, and acting on behalf of, the EPCO Group, when due, any amounts owing in respect of the applicable EPCO Services, except as set forth in the third succeeding sentence, upon 30 days’ notice, EPCO, as agent for, and acting on behalf of, the EPCO Group, may terminate this Article 2 as to those EPCO Services that relate to the unpaid portion of the invoice.
Should there be a dispute as to the propriety of invoiced amounts, the Billing Agent shall cause EPD or EPOLLC to pay all undisputed amounts on each invoice, but shall be entitled to withhold payment of any amount in dispute and shall promptly notify EPCO of such disputed amount.
The Board of Directors shall provide written notice to EPOLLC of the date such contributions are due, which date shall not be more than 10 Days following the date of such notice, and setting forth in reasonable detail the determination of the amount of such Net Measurement Loss.
In addition, the General Partner shall cause EPD or EPOLLC to pay all sales, use, excise, value added or similar taxes (together with any penalties, fines or interest thereon), if any, that may be applicable from time to time in respect of the EPCO Services provided to the MLP Group by the EPCO Group.
Effective as of June 30, 2007, a restructuring resulted in (i) EPD OLP converting into EPOLLC, a Texas limited liability company, and EPD OLPGP becoming the sole manager of EPOLLC; (ii) TE LP converting into TE Products and TEPPCO Inc.
Notwithstanding any provision of this Article 2 to the contrary, should the General Partner fail to cause EPO or EPOLLC to pay to EPCO, as agent for, and acting on behalf of, the EPCO Group, when due, any amounts owing in respect of the applicable EPCO Services, except as set forth in the third succeeding sentence, upon 30 days’ notice, EPCO, as agent for, and acting on behalf of, the EPCO Group, may terminate this Article 2 as to those EPCO Services that relate to the unpaid portion of the invoice.
Should there be a dispute as to the propriety of invoiced amounts, the Billing Agent shall cause EPO or EPOLLC to pay all undisputed amounts on each invoice, but shall be entitled to withhold payment of any amount in dispute and shall promptly notify EPCO of such disputed amount.
In addition, the General Partner shall pay or cause EPD or EPOLLC to pay all sales, use, excise, value added or similar taxes (together with any penalties, fines or interest thereon), if any, that may be applicable from time to time in respect of the EPCO Services provided to the MLP Group by the EPCO Group.
To the extent the Board of Directors determines in its reasonable judgment that a Net Measurement Loss exists as of the end of any month, EPOLLC shall make additional Capital Contributions of cash in an amount equal to such Net Measurement Loss.