Examples of MLP Offering in a sentence
Permit the net worth of the Borrower to be less than the sum of (i) $40,000,000 and (ii) 75% of the proceeds of all equity issued subsequent to the MLP Offering Closing.
Borrower has advised that this is the result of including, in such calculation, interest expense with respect to approximately $225,000,000 of intercompany debt that was repaid with proceeds of the MLP Offering.
KCEP's Preferred Capital Account, as adjusted, would then be exchanged in the MLP Offering for Senior Units of the MLP (priced to yield the same amount as the publicly traded Common Units included in the MLP Offering).
The restrictions imposed by this Section --------------------------- 11 upon the transferability of Restricted Securities shall terminate as to any particular Restricted Securities when (a) such Restricted Securities shall have been effectively sold in a Qualified MLP Offering or under the Securities Laws, or (b) such Restricted Securities have been sold pursuant to Rule 144 under the Securities Act.
The Company and KCEP contemplate that the Senior Units will be junior in payment terms to any publicly traded units included in the MLP Offering.
At any time on or before the consummation of ------------------------ the Qualified MLP Offering, the Company may by written notice to the Investors (the "Call Notice") elect to purchase all but not less than all of the Investors' Securities from the Investors, and the Investors hereby agree to resell such Securities to the Company at the Call Price specified in Section 9.6 hereof.
Equity Event means (1) a Qualified MLP Offering, or (2) any ------------ transaction or series of related transactions (including a merger, consolidation or "stock-for-stock" sale) wherein not less than 90% of the Common Percentage Interests held by all Voting Members of the Company are sold or otherwise disposed of in exchange for voting Equity Securities representing the common or residual interest in the purchaser thereof or an Affiliate of such purchaser.
You will have to pay this penalty for as long as you have Part D coverage.Your Part D late enrollment penalty is considered to be part of your plan premium.
Cash Event means any transaction or series of related transactions ---------- whereby all or substantially all of the assets of the Company and its Subsidiaries, taken together, are sold or otherwise disposed of (other than a sale contemporaneously with and in contemplation of a Qualified MLP Offering) wherein not less than 85% of the aggregate proceeds actually received by the Company and its Subsidiaries at the closing(s) constitutes cash.
The Investors are making an 11% preferred interest investment in the Company as reflected in Schedule 3.5(a)(ii) hereof to fund the ------------------- Acquisitions by the Company, to provide for expenses of the Company in the Qualified MLP Offering and to otherwise be used as described below in Section 2.4.