SPLC definition
Examples of SPLC in a sentence
If required by Applicable Law, SPLC and SHLX shall, and shall cause their respective Affiliates to, join in the execution of any such Tax Returns and other documentation.
Nothing in this Agreement, express or implied, is intended to confer upon any person or entity other than the parties hereto and their respective permitted successors and assigns, any rights, benefits or obligations hereunder, except for express language with respect to SHLX Indemnified Parties and the SPLC Indemnified Parties contained in the indemnification provisions of Article VIII.
The execution and delivery by SPLC of this Agreement and the other Transaction Documents to which SPLC is a party, the consummation of the transactions contemplated hereby and thereby and the performance of all of the obligations hereof and thereof to be performed by SPLC have been duly authorized and approved by all requisite limited partnership action on the part of SPLC.
This proxy granted by SPLC shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by SPLC with respect to the SPLC Ownership Interest.
During the term of this Agreement, SPLC hereby appoints the Partnership and any designee of the Partnership, and each of them individually, as SPLC’s proxies, with full power of substitution and resubstitution, to vote or, if applicable, act by written consent with respect to the SPLC Ownership Interest in accordance with Section 2.1. This proxy is given to secure the performance of the duties of SPLC under this Agreement.