Genesis OLP definition

Genesis OLP means Genesis Crude Oil, L.P., a Delaware limited partnership, and its successors.
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Genesis OLP means Genesis Crude Oil, L.P.
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Genesis OLP has the meaning assigned to such term in the opening paragraph of this Agreement.
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Examples of Genesis OLP in a sentence

  • Executive will act in the best interest of the Company, Genesis MLP and Genesis OLP and their subsidiaries and affiliates in the performance of Executive's services and duties under this Agreement.

  • In the event Executive breaches this Agreement, the Company will also have the right, in addition to any other rights it may have at law, in equity or under this Agreement to cancel, withhold and/or offset any payments due Executive hereunder against any payments otherwise due to Executive from the Company, Genesis MLP or Genesis OLP.

  • This Agreement, and any rights or obligations hereunder, may not be assigned by either party hereto without written consent of the other; provided, however, that the Company may assign this Agreement to Genesis MLP, Genesis OLP, an affiliate of the Company which has succeeded to all or substantially all of the business of the Company or to a third party acquiring all or substantially all of the business, equity or assets of the Company.

  • Basis has delivered to Genesis OLP true, complete and correct copies of the articles of incorporation and all amendments thereto to the date hereof and the by-laws as presently in effect for Basis.

  • Thereafter, Genesis MLP shall cease to be a limited partner of Genesis OLP.

  • Genesis OLP has full power and authority to enter into each Transaction Document to which it is a party, to perform its obligations thereunder and to consummate the transactions contemplated thereby which are to be consummated by it.

  • Notwithstanding anything to the contrary in this Agreement, Genesis OLP and its Affiliates shall not assume any of the Excluded Liabilities related to the LLC Plans.

  • Neither any Group Member, any Limited Partner nor any other Person shall have any rights by virtue of this Agreement, the Genesis OLP Partnership Agreement or the partnership relationship established hereby or thereby in any business ventures of any Indemnitee.

  • Genesis LLC, Genesis OLP and their Affiliates shall cooperate fully with the Sponsor and its counsel in the defense against or compromise of any claim in any such audit, assessment, or proceeding.

  • From the Closing Date through December 31, 1996, each Transferor and its Affiliates shall provide the services of the Business Employees to Genesis MLP and Genesis OLP and be promptly reimbursed by Genesis MLP and Genesis OLP for such services pursuant to the term of the Transition Services Agreement.

Related to Genesis OLP

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • GP means Gottbetter & Partners, LLP.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Operating Partnership Agreement means the Limited Partnership Agreement of the Operating Partnership, as amended from time to time.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.