GP Owner definition

GP Owner means Energy Transfer Equity, L.P., and any successor by merger, consolidation or reincorporation
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GP Owner means Energy Transfer Equity, L.P., and any successor by merger, consolidation or reincorporation “Guarantee” means, as to any Person, any (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
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GP Owner has the meaning assigned to such term in the definition of “Permitted General Partner Removal.”
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Examples of GP Owner in a sentence

  • The right of the Existing GP Owner to remove the General Partner shall not exist or be exercised unless the Partnership has received an opinion opining as to the matters covered by a Withdrawal Opinion of Counsel.

  • Any such action by the Existing GP Owner for removal of the General Partner must also provide for the selection of a successor General Partner by the Existing GP Owner.

  • The General Partner may not be removed unless (i) such removal is approved by the Existing GP Owner, in its sole discretion, and (ii) the MLP General Partner is concurrently removed as the general partner of the MLP in accordance with the MLP Agreement.

  • No power of attorney granted by any Partnership Entity or any GP Owner with respect to any Taxes of any Partnership Entity is currently in force.

  • The GP Owner Equity shall be transferred to USAC free and clear of all encumbrances, except restrictions on transfer arising under applicable securities laws.

  • The GP Owner shall be an entity that has no business other than acting as general partner of USAC and has no debts, liabilities or obligations other than debts, liabilities and obligations arising by virtue of its general partner interest in USAC.

  • Neither the General Partner nor any GP Owner has entered into a written agreement waiving or extending any statute of limitations in respect of Taxes with respect to any Partnership Entity.

  • Anything to the contrary herein or elsewhere notwithstanding, in no event shall Borrower have any liability or other obligation under or with respect to, the Sponsor Guaranty, the Parent Guaranty, the Equity Owner Guaranty, the Equity GP Owner Security Agreement or the Borrower GP Guaranty or the Borrower GP Security Agreement.

  • If the General Partner gives a notice of withdrawal pursuant to Section 11.1(a)(i), the Existing GP Owner may, prior to the effective date of such withdrawal, select a successor General Partner.