Examples of GP Agreement in a sentence
The GP Agreement has been duly authorized and executed by Seller and is a valid and legally binding agreement of Seller, enforceable against Seller in accordance with its terms.
The parties hereto acknowledge and agree that immediately following the Closing, ETP LLC may update General Partner’s records and/or amend the GP Agreement to, among other things, reflect the transfer of the Parent Interests to ETP LLC and to reflect that ETP LLC is the sole member of the General Partner.
Upon consummation of the Closing, and notwithstanding anything in the GP Agreement to the contrary, (a) Seller shall be automatically withdrawn from the General Partner and shall no longer be a member of the General Partner or a party to the GP Agreement and (b) ETP LLC shall be admitted as the sole member of the General Partner, all without any further action being required.
For the avoidance of doubt, this Section 5.15(a) shall not apply to the filling of any vacancies caused by the death, incapacity or resignation of any director in accordance with the provisions of the ETP Managing GP Agreement.
Any Party(ies) may join any other Party(ies) in the Arbitration Proceeding that any Party(ies) deems necessary to reach a complete adjudication of any Dispute arising under the terms of this GP Agreement and related to the Products & Services furnished to any Participants pursuant to this GP Agreement.