SPPR definition
Examples of SPPR in a sentence
Such shares shall be transferable to affiliate entities of Purchaser and/or SPPR Board approved third parties.
The known soil and groundwater contamination on the assets originally contributed (and transferred) by St. ▇▇▇▇ Park Refining Co. LLC, a Delaware limited liability company (“SPPR”), to WMLP pursuant to that certain Contribution, Conveyance and Assumption Agreement, dated as of September 7, 2016, by and among Western Refining, Inc., a Delaware corporation, SPPR, WMLP and WMLP GP.
The continuing members of the Board of Directors will be reasonably acceptable to both the current CEO of SPPR and the Purchaser.
In the event directors are elected by the holders of SPPR preferred stock voting separately as a class because dividends on such preferred stock are in arrears, then such directors shall replace a member or members of the Board of Directors, other than Investor Designees, as necessary to maintain the Board of Directors at no more than nine (9) members.
If the GoS determines that the Lead Advisor and/or its Personnel, sub- contractors, Consortium Members, services providers and suppliers has engaged in corrupt, fraudulent, collusive, coercive, or obstructive practices, in competing for or in executing the Contract, then the GoS may, after giving 14 days notice to the Lead Advisor, terminate the Consultant's employment under the Contract, and may resort to other remedies including blacklisting/disqualification as provided in SPPR 2010.
The Purchaser will agree to vote for the election of the current directors of the SPPR Board who remain on the SPPR Board following appointment of the Investor Designees, and their successors as nominated by the Nominating Committee of the SPPR Board.
During any time the Purchaser has the right to have two or more Investor Designees to serve on the Board of Directors, then the Purchaser will have the right to require SPPR to hire one individual to the SPPR Senior Management team on terms reasonably acceptable to SPPR and the Purchaser and subject to SPPR Board approval.
As of the Closing Date, and notwithstanding anything to the contrary the Investor and SPPR agree that SPPR shall appoint to its Board of Directors, subject to the Transaction Documents (including without limitation the Purchaser Interest upon Closing), up to four (4) knowledgeable and qualified Investor Designees to the Board of Directors.
An acquisition committee of the SPPR Board will be formed as provided in Section 2.01 of this Agreement.
It will be the responsibility of the SPPR CEO to identify and present candidates for the position, exclusive of any persons not acceptable to Purchaser.