LB Pacific definition
Examples of LB Pacific in a sentence
LB Pacific, LP, a Delaware limited partnership (“LBPLP”) is the sole record owner of the limited partner interest in MLP General Partner, and such limited partner interest has been duly authorized and validly issued in accordance with applicable Laws and the governing documents of the MLP General Partner.
Such information is not now available and there are no present plans by LB Pacific and LB Pacific GP to make such information available.
LB Pacific completed the Acquisition on March 3, 2005 and has not subsequently disposed of any of the assets acquired, directly or indirectly, in the Acquisition (including, without limitation, any of the Subordinated Units).
Seller (and any predecessors in interest) has complied in all material respects with the terms and condition of the LB Pacific Agreement and the LB Pacific GP Agreement, including, without limitation, with respect to its obligation to make capital contributions to LB Pacific and LB Pacific GP respectively.
Neither LB Pacific nor LB Pacific GP has any indebtedness for borrowed money other than pursuant to the Credit Agreement.
The existing definition of "Change of Control" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the references to "The Anschutz Corporation" in the third line of subparagraph (b) thereof, in the fourth and fifth lines of subparagraph (c) thereof, in the fifth line of subparagraph (d) thereof and in the fifth line of subparagraph (e) thereof and to substitute therefor, in all cases, "LB Pacific, LP".
Each Buyer shall have entered into the Restated LB Pacific GP LLC Agreement.
The execution and delivery of this Agreement and each Transaction Document to which Seller is a party by Seller and the consummation of the Transactions to which it is a party do not and shall not violate any of the respective organizational documents of Seller, LB Pacific or LB Pacific GP, or any material agreement to which Seller, LB Pacific or LB Pacific GP is a party or by which any of them or any of their respective assets are bound.
Each Buyer and Seller hereby covenants and agrees to use its respective commercially reasonable efforts to cause LB Pacific to implement the Incentive Compensation Plan.
The purchase price was calculated as follows (in millions): Cash payment to LB Pacific $ 700.0 Value of Plains common units issued in exchange for Pacific common units(1) 1,001.6 Assumption of Pacific debt (at fair value) 723.8 Estimated transaction costs(2) 30.3 Total purchase price $ 2,455.7 (1) Valued at $45.02, which represents the average closing price of Plains common units two days immediately immediately after the merger was announced on June 12, 2006.