GP Purchase definition

GP Purchase means the acquisition of 100% of the limited liability company Equity Interests in the General Partner by the owners of all of the limited liability company interests of the General Partner of the Parent and the admission of the Parent as the sole member of the General Partner, in each case pursuant to the terms of the GP Purchase Agreement.
View Source
GP Purchase has the meaning set forth in the recitals.
View Source
GP Purchase means the purchase by New Legacy of all of the outstanding membership interests of the Partnership GP from Lion GP Interests, LLC.
View Source

Examples of GP Purchase in a sentence

  • The Regency GP Purchase shall have been consummated pursuant to the terms of the Regency GP Purchase Agreement.

  • The Series A Preferred Units shall be issued by the Partnership pursuant to the terms and conditions of the Regency GP Purchase Agreement.

  • If at any time the Investor does not hold, in the aggregate, at least fifty percent (50%) of the Series A Preferred Units issued pursuant to the Regency GP Purchase Agreement, then the provisions of this Section 5.13(b)(ix) shall immediately cease to have any force or effect and the Investor and the holders of Series A Preferred Units shall have no rights hereunder, regardless of whether or not the Investor subsequently acquires additional Series A Preferred Units.

  • The voting and other limitations described in the definition of “Outstanding” in the Acquiror Partnership Agreement and the Acquiror Amended Partnership Agreement shall not apply to ETP and its Affiliates as a result of the Acquiror Common Units and Acquiror Class B Units acquired and/or received by ETP and its Affiliates pursuant to this Agreement, the GP Purchase Agreement and the Restructuring Agreement.

  • The General Partner acknowledges and agrees, and hereby notifies ETE and its Affiliates, that the voting and other limitations described in the definition of “Outstanding” in the Original LP Agreement and the Revised LP Agreement shall not apply to ETE and its Affiliates as a result of the USAC Common Units and Class B Units acquired by ETE and its Affiliates pursuant to this Agreement, the GP Purchase Agreement and the Contribution Agreement.

  • Subject to the terms and conditions of this Agreement, each of the Parties shall use its commercially reasonable efforts to take, or cause to be taken, all action, and to do, or cause to be done, all things necessary, proper or advisable under applicable Law to consummate the transactions contemplated by the Transaction Documents and the Regency GP Purchase Agreement.

  • The Investor shall have the right to designate the initial Investor Directors (the “Initial Investor Directors”), if any, upon the consummation of the transactions contemplated by the GP Purchase Agreement.

  • All conditions precedent required to consummate the GP Purchase, other than any conditions related to the transactions contemplated by this Agreement, shall have been satisfied or waived.

  • If at any time the Investor does not hold, in the aggregate, at least fifty percent (50%) of the Series A Preferred Units issued pursuant to the Regency GP Purchase Agreement, then the provisions of this Section 5.8(b)(ix) shall immediately cease to have any force or effect and the Investor and the holders of Series A Preferred Units shall have no rights hereunder, regardless of whether or not the Investor subsequently acquires additional Series A Preferred Units.

  • The Parties agree to treat the Norcraft GP Purchase as a purchase of equity interests for fair market value, and the Parties shall not take any position on a Tax Return inconsistent with such treatment.


More Definitions of GP Purchase

GP Purchase has the meaning set forth in Section 2.1(a).
View Source
GP Purchase means the purchase of the limited liability company interest in Partnership GP by the Company from Lion GP Interests, LLC, a Delaware limited liability company, and the admission of the Company as the sole member of Partnership GP, pursuant to the terms of the GP Purchase Agreement.
View Source
GP Purchase is defined in the Recitals.
View Source

Related to GP Purchase

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Share Purchase has the meaning set out in Section 2.1.

  • Public purchase means a purchase by means of competitive bids of goods, services, or materials by the State or any of its political subdivisions or public agencies on whose behalf the Attorney General may bring an action pursuant to subdivision (c) of Section 16750 of the Business and Professions Code.

  • VWAP Purchase Share Amount means, with respect to a VWAP Purchase made pursuant to Section 3.1, the number of Shares to be purchased by the Investor in such VWAP Purchase as specified by the Company in the applicable VWAP Purchase Notice, which number of Shares shall not exceed the applicable VWAP Purchase Maximum Amount.

  • Retail Purchase means a purchase of any goods or services by the use of the Card and may, at the Bank’s absolute discretion and without prior notice, include or exclude any Card transaction as may be determined by the Bank;