PEPL definition
Examples of PEPL in a sentence
Upon execution and delivery of such Joinder Agreements, Southern Union and CrossCountry Energy shall each become a Party under this Agreement for all purposes and PEPL Holdings shall become a Party under this Agreement solely for purposes of Section 2.8 hereof.
The Seller Quotas and the Stanadyne Quota constitute all of the issued and outstanding equity interests of PEPL.
The PEPL Quotas have been duly authorized, validly issued and are fully paid up, and were not issued in violation of any preemptive rights.
In connection with the Sigma Merger, following the Panhandle Contribution and immediately prior to the effective time of the Sigma Merger, PEPL Holdings shall guarantee by collection (on a non recourse basis to Southern Union) a new and separate borrowing by ETP that will be used by ETP exclusively to pay the Cash Consideration (the “ETP Debt”).
There are no commitments or obligations of any kind or character for (A) the issuance of PEPL Quotas or any other equity interests of PEPL or (B) the repurchase, redemption or other acquisition of PEPL Quotas.