Examples of TEPPCO GP in a sentence
All of the capital stock of TEPPCO GP is owned of record by the Partnership, free and clear of all liens, encumbrances, security interests, equities, charges, or claims, except as set forth in the Prospectus or as are not, individually or in the aggregate, not material.
Each phantom unit will be redeemed in cash the earlier of (i) April 2011 or (ii) when the director is no longer serving on the board of TEPPCO GP.
No filings were required under the Hart-Scott-Rodino Act in connection with EPCO’s purchase of TEPPCO GP.
Complete and correct copies of the articles of incorporation and the bylaws of TEPPCO GP and all amendments thereto have been delivered to the Underwriters, and no changes therein will be made subsequent to the date hereof and prior to the time of purchase or the additional time of purchase, as the case may be.
TEPPCO GP owns a 2% general partner interest in TEPPCO and is the managing partner of TEPPCO and its subsidiaries.
TEPPCO GP is the sole general partner of each of the Operating Partnerships and, with respect to Jonah, the sole managing general partner, in each case with a general partner interest of 0.001%, respectively.
As a result, our consolidated financial statements for periods prior to May 2007 were restated to reflect the common control ownership of TEPPCO GP and its consolidated subsidiaries, which include TEPPCO.
As of September 30, 2007, a total of 1,647 phantom unit awards had been granted to non- employee directors of TEPPCO GP.
The number of common units issued to TEPPCO GP was based on a predetermined formula that, based on the distribution rate and the number of common units outstanding at the time of issuance, resulted in TEPPCO GP receiving cash distributions from the newly-issued common units and from its reduced IDRs approximately equal to the cash distributions it would have received from its maximum percentage interest in TEPPCO’s quarterly distributions had the 50% IDR tier not been eliminated.
None of EPD GP or TEPPCO GP is in violation of its certificate of formation or limited liability company agreement.