OLP definition

OLP has the meaning assigned to such term in the first paragraph of this Agreement.

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OLP is defined in the introduction to this Agreement.

OLP means, Genesis Crude Oil, L.P., a Delaware limited partnership.

Examples of OLP in a sentence

The Partnership is the sole member of the OLP GP with a 100% membership interest in the OLP GP; such membership interest has been duly authorized and validly issued in accordance with the OLP GP Limited Liability Company Agreement.
The OLP GP has all requisite limited liability company power to act as general partner of the Operating Partnership in all material respects as described in the Disclosure Package and Final Prospectus.
The OLP GP is the sole general partner of the Operating LP and owns a 0.001% general partner interest in the Operating LP; such general partner interest has been duly authorized and validly issued in accordance with the partnership agreement of the Operating LP (the “OLP Agreement”); and the OLP GP owns such general partner interest free and clear of all Liens, other than those created by or arising under the Delaware LP Act, the OLP Agreement or the Credit Facility.
The OLP GP has full limited liability company power and authority to act as general partner of the Operating Partnership in all material respects as described in the Disclosure Package and the Final Prospectus.
Except as described in the Disclosure Package and the Final Prospectus, there are no outstanding options or warrants to purchase (A) any Common Units or other interests in the Partnership, (B) any partnership interests in the General Partner or the Operating Partnership, or (C) any membership interests in DCP Midstream GP, LLC or the OLP GP.

More Definitions of OLP

OLP shall have the meaning set forth in the introductory paragraph of this Agreement.

OLP means Shamrock Logistics Operations, L.P., a Delaware limited partnership, and any successors thereto.

OLP means the portion of the Outstanding Liability Due payable by Licensee to Licensor at the end of each reporting period, calculated by applying the Reduction Coefficient Y to the Outstanding Liability Due (Formula: OLP = OLD * (1-Y)).

OLP means Valero Logistics Operations, L.P., a Delaware limited partnership, and any successors thereto.

OLP has the meaning set forth in the preface.

OLP means HEP Operating Company, L.P., a Delaware limited partnership.

OLP means an operating licences plan;