Partnership Change of Control definition

Partnership Change of Control means Tesoro ceases to possess, directly or indirectly, the power to direct or cause the direction of the management and policies of the General Partner of the Partnership, whether through ownership of voting securities, by contract, or otherwise.
Partnership Change of Control means the Selling Unitholder and its Affiliates cease to control, directly or indirectly, the general partner of the Partnership. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the general partner of the Partnership, whether through ownership of voting securities, by contract, or otherwise.
Partnership Change of Control means Tesoro Corporation ceases to Control the general partner of the Partnership.

Examples of Partnership Change of Control in a sentence

  • This Agreement, other than the provisions set forth in Article III hereof, may be terminated by Delek US or the Partnership upon a Partnership Change of Control.

  • TLO shall provide TRMC with notice of any Partnership Change of Control at least sixty (60) days prior to the effective date thereof.

  • TLO shall provide Customer with notice of any Partnership Change of Control at least sixty (60) days prior to the effective date thereof.

  • This Agreement, other than the provisions set forth in Article III hereof, may be terminated by Tesoro or the Partnership upon a Partnership Change of Control.

  • This Agreement may be terminated by the Sponsor Entities or the Partnership Group upon a Partnership Change of Control.


More Definitions of Partnership Change of Control

Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.
Partnership Change of Control means Marathon Petroleum Corporation ceases to Control the general partner of MPLX LP.
Partnership Change of Control means Delek US ceases to control the general partner of the Partnership.
Partnership Change of Control means Delek US ceases to Control the General Partner.
Partnership Change of Control means Hess ceases to Control the general partner of the Partnership.