SGLP definition
Examples of SGLP in a sentence
EACH OF THE VARIOUS TRANSFER DOCUMENTS TO BE DELIVERED TO THE SGLP PARTIES CONCURRENTLY HEREWITH SHALL CONTAIN A DISCLAIMER TO THIS EFFECT.
Each SGLP Party acknowledges and agrees that such SGLP Party forever disclaims any right, title or interest of any nature, whether legal, equitable, beneficial, or otherwise, in any of the SGLP Transferred Assets and agrees that all of its respective current and future rights, title and interests therein have been fully conveyed to the SemGroup Parties without any reservation of interest of any nature.
This Agreement, the Exhibits hereto and the other Transaction Documents represent the entire understanding and agreement between the Parties hereto with respect to the subject matter hereof and shall supersede the Term Sheet; provided, however, that in the event of any dispute, this Agreement, the Exhibits hereto and the other Transaction Documents shall be interpreted to be consistent with the SGLP Settlement Orders.
Each of the parties hereto grants to the other a non-exclusive easement for access to and from, under, over and across the SemCrude Property, the SGLP North Property, the SGLP Central Property and the SGLP South Property, as the case may be, as reasonably needed or desirable in order to perform its obligations under and in compliance with the terms and requirements of the SSA, together with such recipient’s representatives, engineers, consultants and contractors (collectively, “Representatives”).
SGLP, SemCrude and its respective Affiliates are executing and delivering the deeds, easements and memoranda listed on Exhibit H hereto (the “Cushing Land Rights Agreements”) to evidence the Parties’ respective land rights at Cushing, Oklahoma.
SemCrude is transferring to SGEP as of the Effective Date 355,000 Barrels of crude oil owned by SemCrude and located in the pipelines or storage tanks of the SGLP Parties as of the Effective Date (the “Line Fill and Tank Bottoms”).
The act of entering into or carrying out this Agreement and any negotiations or proceedings related thereto shall not be used, offered or received into evidence in any action or proceeding in any court, administrative agency or other tribunal for any purpose whatsoever other than to enforce or interpret the provisions of this Agreement; provided, however, that this Agreement may be filed or submitted by the SemGroup Parties or the SGLP Parties to support a claim of release, discharge or satisfaction.
Upon commencement of the construction thereof, such SGLP Pipeline shall be an Improvement hereunder for all purposes.
Each SGLP Party is duly formed, validly existing and in good standing under the laws of the state of its formation.
SGLP and its Affiliates are executing and delivering the trademark license agreement attached hereto as Exhibit I (the “Trademark License Agreement”) regarding the license of certain trademarks by the SGLP Parties on and after the Effective Date.