Examples of SGLP Parties in a sentence
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”).
Notwithstanding anything to the contrary herein, this release shall not release or discharge (x) any Claims other than the Specified SemGroup Released Claims, (y) any Claims against any officers, directors, employees, managers or outside accountants of any of the SGLP Parties or (z) any Claims relating to or arising out of this Agreement, including those described in Section 2.1(a), 2.2(a) and 2.2(b), or any of the Transaction Documents.
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.
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.
The SGLP Parties hereby acknowledge and agree that after the execution of this Agreement, SemCrude will continue to own its Barrels of crude oil located in the pipelines or storage tanks of the SGLP Parties (other than the Line Fill and Tank Bottoms and, if any, the Additional Barrels), which Barrels will be delivered to SemCrude at its direction pursuant to the New Throughput Agreement.
Each SemGroup Party acknowledges and agrees that such SemGroup Party forever disclaims any right, title or interest of any nature, whether legal, equitable, beneficial, or otherwise, in any of the SemGroup Transferred Assets and agrees that all of its respective current and future rights, title and interests therein have been fully conveyed to the SGLP Parties without any reservation of interest of any nature.
If to SGLP Parties: SemGroup Energy Partners, L.P. Two Xxxxxx Place 0000 X.
The SemGroup Parties and the SGLP Parties each separately intend the settlement to be a final and complete resolution of all disputes between them with respect to the subject matter of this Agreement and the mutual releases herein.
It is expressly understood and agreed that this Agreement, and any negotiations or proceedings in connection herewith, do not constitute and may not be construed as, or deemed to be, either evidence or an admission or concession on the party of the SemGroup Parties or the SGLP Parties of any merit or lack of merit whatsoever as to any claims each Party has asserted respecting the matters expressly compromised herein.