Examples of PAGP Partnership Agreement in a sentence
The Company shall not propose any amendment to the PAGP Partnership Agreement that, directly or indirectly, would accomplish the effect of the matters prohibited by the provisions of Section 12.2(a)(iii) without the consent of the affected Designating Member or Designating Members, as applicable.
The Company’s purposes, and the nature of the business to be conducted and promoted by the Company, are (a) to act as the general partner of PAGP in accordance with the terms of the PAGP Partnership Agreement and (b) to engage in any and all activities necessary, advisable, convenient or incidental to the foregoing.
No action with respect to conflicts of interest resolved pursuant to the provisions of either the PAA Partnership Agreement or the PAGP Partnership Agreement shall be considered a waiver of this Code.
Until Oxy and its Affiliates (a) do not have a Qualifying Interest of at least 5% and (b) beneficially own less than 5% of the outstanding Shares (as such term is defined in the PAGP Partnership Agreement), without the prior written consent of Oxy, the Company shall not, and shall not permit or cause any of its Subsidiaries (including the MLP) to, become a “retailer” (as defined under Section 613A(d)(2) of the Code) or a “refiner” (as defined under Section 613A(d)(4) of the Code).
At least two of the Independent Directors must also satisfy the requirements to be a member of the “Conflicts Committee” as defined in the PAGP Partnership Agreement.
Such rights are generally limited to: access to information; limited direct or indirect voting rights with respect to the election of directors to the board of the general partner of PAGP; voting rights on removal of the general partner (66 2/3%); voting rights on merger or sale of substantially all of the Partnership’s assets; and voting rights on certain types of amendments to the PAGP Partnership Agreement or PAA Partnership Agreement, as applicable.
In the event of a vacancy among the Independent Directors and subject to the terms of the PAGP Partnership Agreement that provide for the election of directors by the shareholders of PAGP, the Board is responsible for identifying, screening and, acting by majority vote, designating a replacement based on an assessment of the skills, experience and characteristics of such replacement, including the individual’s qualification as independent, in the context of the needs of the Board.
Any such conflicts will be governed by and resolved pursuant to the provisions of the PAA Partnership Agreement or the PAGP Partnership Agreement, as applicable, and not under this Code.
Ve r ific a t io n of p u blic n o t ice, co n- sis t i n g of a lis t s h owi n g t h e na m es, a d- 40 CFR Ch. I (7–1–98 Edition)d r esses, an d d a t e t ha t n o t ice of pe r m i t a pplic a t io n w a s give n o r se n t t o:( i) Th e s urfa ce l an d ow n e r ;( ii) T e nan t s o n l an d w h e r e i n jec t io n well is loc a t ed o r p r oposed t o be lo- c a t ed; an d( iii) Ea c h ope ra t o r of a p r od u ci n g le a se wi t h i n o n e- ha lf m ile of t h e well loc a t io n .
Any such conflicts will be governed by and resolved pursuant to the 130558_1provisions of the PAA Partnership Agreement or the PAGP Partnership Agreement, as applicable, and not under this Code.