Examples of MLP Group Member in a sentence
For purposes of this Section 7.6(a) and Section 7.6(b), the term “Group Member” shall include any Affiliate of a Group Member that is controlled by the Group Member and the term “MLP Group Member” shall include any Affiliate of an MLP Group Member that is controlled by the MLP Group Member.
The Borrowers shall procure that each financial year-end of each Obligor and each Group Member and each Golar MLP Group Member falls on the Accounting Reference Date.
The Board reviews and approves the remuneration policy to enable the Company to attract and retain executives and Directors who will create value for Shareholders having consideration to the amount considered to be commensurate for a company of its size and level of activity as well as the relevant Directors’ time, commitment and responsibility.
The financial year-end of each Obligor, other Group Member and each Golar MLP Group Member is the Accounting Reference Date.
The Agent, the Security Agent, the K-Sure Agent, the Mandated Lead Arrangers, the Documentation Agent, the Sole Bookrunner and the Global Co-ordinator may accept deposits from, lend money to and generally engage in any kind of banking or other business with any Obligor or other Group Member or Golar MLP Group Member or their Affiliates.
No corporate action, legal proceeding or other procedure or step described in clause 30.10 (Insolvency proceedings) or creditors' process described in clause 30.11 (Creditors' process) has been taken or, to the knowledge of any Obligor, threatened in relation to a Group Member or a Golar MLP Group Member and none of the circumstances described in clause 30.9 (Insolvency) applies to any Group Member or any Golar MLP Group Member.
OSG and the Conflicts Committee shall negotiate in good faith for a 50-day period following receipt of the Proposed Purchase Price Notice by OSG (the “Negotiation Period”) the terms and conditions of an agreement, including the consideration, for the Transfer of such Offered Assets or Option Assets, as applicable, to an OSG MLP Group Member and such terms and conditions and consideration are to be based on the terms and conditions set forth in the Term Sheet and the Proposed Purchase Price Notice.
For the avoidance of doubt, this provision shall not be applicable to any sale, exchange or other disposition of all or substantially all of the assets of any MLP Group Member.
The ROFO Response shall set forth the terms and conditions (including the purchase price the applicable MLP Group Member proposes to pay for the ROFO Asset and the other material terms of the purchase) pursuant to which the MLP Group would be willing to enter into a binding agreement for the Proposed Transaction.
Within 45 days after receiving a Term Sheet, OSG MLP General Partner shall, with the approval of the Conflicts Committee, notify (a “Proposed Purchase Price Notice”) OSG of the consideration, which may be any combination of cash and Partnership Securities, (the “Proposed Purchase Price”) it is willing to cause an OSG MLP Group Member to pay for the applicable Offered Assets or Option Assets.