SEP GP definition
Examples of SEP GP in a sentence
He shall receive and deposit all moneys and other valuables belonging to SEP GP in the name and to the credit of SEP GP and shall disburse the same and only in such manner as the Board of Directors or the Chief Executive Officer may require.
The Company shall, and shall cause SEP GP to, conduct their respective businesses and operations in accordance with this Section 2.07.
The Chief Financial Officer shall keep and maintain, or cause to be kept and maintained, adequate and correct books and records of account of the Company and SEP GP.
The Company shall not commingle or pool, and shall cause SEP GP not to commingle or pool, their respective funds or other assets with those of any other Person, and shall maintain their respective assets in a manner that is not costly or difficult to segregate, ascertain or otherwise identify as separate from those of any other Person.
The Company shall, and shall cause SEP GP to, (i) conduct their respective businesses in their respective own names, (ii) use separate stationery, invoices, and checks, (iii) correct any known misunderstanding regarding their respective separate identities from that of any other Person (including SET and its Subsidiaries other than the Company and SEP GP), and (iv) generally hold itself out as an entity separate from any other Person (including SET and its Subsidiaries other than the Company and SEP GP).
SET and SEP GP LP have formed MLP, pursuant to the Delaware Revised Uniform Limited Partnership Act (the “Delaware LP Act”), for the purpose of engaging in any business activity that is approved by SEP GP LP and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware LP Act.
SEP GP – Spectra Energy Partners (DE) GP, LP, as the general partner of the MLP.
SESPC hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to SEP GP LP, its successors and assigns, for its and their own use forever, all right, title and interest in and to the Gulfstream GP Interest, as a capital contribution, and SEP GP LP hereby accepts such interest as a contribution to the capital of SEP GP LP.
There is no investment banker, broker, finder or other intermediary that has been retained by or is authorized to act on behalf of SE Corp or any of its Affiliates (including SEP GP LLC, SEP GP LP and the New Members) who is entitled to any fee or commission from SE Corp or any of its Affiliates (including SEP GP LP and the New Members) in connection with the Transactions for which SEP or any of its Affiliates would be liable.
SEP GP LLC has all requisite limited liability company power and authority to execute and deliver the Transaction Documents to which it is a party, to perform its obligations thereunder and to consummate the Transactions.