IDR Transaction definition

IDR Transaction means the exchange by the General Partner of (i) its 2.0% economic general partner interest in the MLP and (ii) all of the incentive distribution rights in the MLP for (x) a non-economic general partner interest in the MLP, (y) newly issued limited partner interests in the MLP and (z) cash in amount not to exceed $45,000,000, which, in the case of both clauses (y) and (z) may be distributed in whole or in part directly to the General Partner or indirectly to one or more of the General Partner’s direct or indirect interest owners. [Added per First Amendment]
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IDR Transaction has the meaning given such term in the First Amendment.
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IDR Transaction has the meaning set forth in the recitals.
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Examples of IDR Transaction in a sentence

  • Closing of the IDR Transaction shall have occurred or shall occur contemporaneously with the Closing.

  • Rupiah (IDR) Transaction : US DOLLAR (USD) Transaction : PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk A/N : PT D&B Indonesia A/N : PT D&B Indonesia A/C No : 104 – 000 3000994 A/C No : 104 – 000 2024680 Attention is drawn to the Condition set out below, especially to Clauses 5, 6, 7 and 9 concerning to the liability of PT.

  • All conditions precedent to the IDR Transaction shall have been fulfilled or waived in accordance with the IDR Purchase and Sale Agreement as in effect as of the date hereof, and closing of the IDR Transaction shall have been consummated on the terms reflected in the IDR Purchase and Sale Agreement as in effect as of the date hereof.

  • The Required Lenders party hereto hereby consent to the IDR Transaction, and acknowledge and agree that the IDR Transaction will be permitted under Section 6.15 of the Credit Agreement as set forth in this Amendment.


More Definitions of IDR Transaction

IDR Transaction means the purchase and sale of the RMP Incentive Distribution Rights contemplated by the IDR Purchase and Sale Agreement.
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