POCC definition
Examples of POCC in a sentence
POCC hereby agrees to cause each of the Partnership Entities to be named as additional insureds in POCC's current insurance program, which is described on Schedule 4.1 attached hereto.
The power and authority granted pursuant to this Section 3.2 to a person described in the preceding sentence will be valid only for so long as such person is employed by POCC.
Each of POCC, the General Partner, the Partnership and the Operating Partnership agree that the execution or material amendment of any "significant agreement" (as such term is defined below) must be approved by the Conflicts Committee.
This Agreement, together with that certain Omnibus Agreement dated of even date herewith, to be entered into by and among POCC, certain of POCC's subsidiaries, the MLP, the GP, the Operating Partnership and the Operating GP (the "Omnibus Agreement"), supersedes all previous understandings or agreements between the parties, whether oral or written, with respect to its subject matter.
POCC shall cooperate in good faith with the Partnership and the General Partner in transitioning the Services to any such third party.
At the Contribution Effective Time, POCC hereby grants, contributes, transfers, assigns and conveys to the Operating Partnership, its successors and assigns, all right, title and interest in and to the Subsidiary Interests as a capital contribution and the Operating Partnership hereby accepts the Subsidiary Interests.
POCC shall have the right, but not the obligation, to act as operator of the Partnership's facilities to the same extent it acted as operator of such facilities prior to the effective date of this Agreement for so long as POCC has responsibilities associated with such facilities.
The General Partner and the Partnership agree that POCC shall be reimbursed for all costs and expenses incurred in connection with the performance of the Services as if it were the General Partner in accordance with Section 7.4(b) and 7.6(c) of the Partnership Agreement.
In furtherance of such agreement, POCC agrees to use its best commercially reasonable efforts to pursue, for the benefit of the Partnership Entities, any such indemnification with respect to which it might be entitled if requested by the Partnership; provided that, the Partnership shall reimburse POCC for all costs and expenses incurred in connection with pursuing such indemnity on behalf of the Partnership.
POCC shall perform the Services in a manner that is substantially identical in nature and quality to the services performed by POCC for the Business during the one-year period immediately prior to the Closing Date.