Examples of TEPPCO MLP in a sentence
Such TEPPCO Limited Partner Units were not issued in violation of pre-emptive or similar rights or any other agreement or understanding binding on TEPPCO MLP.
TEPPCO GP and TEPPCO MLP are the sole record and beneficial owners of the general partner interest and limited partner interest, respectively, of each of the TEPPCO Operating Partnerships.
Prior to the Execution Date and in the ordinary course of business, TEPPCO MLP has established risk parameters to restrict the level of risk that the TEPPCO Partnership Group Entities are authorized to take with respect to the open position resulting from all physical commodity transactions, exchange traded futures and options and over-the-counter derivative instruments (the “Open TEPPCO Position”) and monitors the compliance by the TEPPCO Partnership Group Entities with such risk parameters.
For a period of six years after the Closing, DEFS shall cause to be maintained, at its expense, GPL (General Partners Liability) insurance for individuals who are or were before the Closing covered under the existing TEPPCO MLP GPL insurance policy on terms substantially no less advantageous.
TEPPCO GP owns or holds no assets or interests other than the general partner interest in TEPPCO MLP and has not since the date of its formation engaged in any business activities whatsoever other than acting as the general partner of TEPPCO MLP.
TEPPCO MLP has no subsidiaries or TEPPCO MLP Partially Owned Entities other than those set forth in Section 3.3(e) of the TEPPCO Disclosure Letter.
DEFS agrees to use reasonable commercial efforts to cause KPMG LLP to support completion as promptly as practicable after the Closing of the audit of the consolidated financial statements of TEPPCO MLP for the year ended December 31, 2004 and the audit of the consolidated financial statements of TEPPCO GP for the year ended December 31, 2004.
Other than filings in connection with Rule 144A offerings with respect to wholly owned subsidiaries of TEPPCO MLP, no subsidiary of TEPPCO MLP is required to file periodic reports with the SEC, either pursuant to the requirements of the Exchange Act or by contract.
Section 3.3(e) of the TEPPCO Disclosure Letter sets forth a list of all of the subsidiaries of TEPPCO MLP and all of the TEPPCO MLP Partially Owned Entities, together with their respective jurisdictions of organization or formation, types of entity, percentages of equity ownership by TEPPCO MLP or its subsidiaries and record owner or owners of such equity.
DEFS or its affiliates will administer all claims made on such insurance coverage, as well as all claims made on all of the insurance policies listed in Section 3.3(s) of the TEPPCO Disclosure Letter, other than the TEPPCO MLP GPL insurance policy and the environmental liability policies listed in Section 3.3(s) of the TEPPCO Disclosure Letter.