UDS Logistics definition
Examples of UDS Logistics in a sentence
The Qualified Intermediary will be obligated to, and will, assign such right to receive the OLP Limited Partner Interest to UDS Logistics.
Such transfers will be accomplished by DSRMC transferring as capital contributions (1) such limited partner interests in the Partnership to Shamrock GP as are necessary so that Shamrock GP will have a 0.1% interest in the General Partner and (2) such limited partner interests in the Partnership to UDS Logistics, LLC, a Delaware limited liability company ("UDS LOGISTICS") as are necessary so that UDS Logistics will have a 99.99% interest in the General Partner.
On the Effective Date and pursuant to the Contribution Agreement, (a) Shamrock GP will transfer as a capital contribution such limited partner interests in the OLP to the Partnership as are necessary so that Shamrock GP will have a 0.1% interest in the Partnership and (b) UDS Logistics will transfer as a capital contribution such limited partner interests in the OLP to the Partnership as are necessary so that UDS Logistics will have a 99.9% interest in the Partnership.
Sigmor hereby contributes OLP Interests to UDS Logistics in exchange for member interests in UDS Logistics and UDS Logistics hereby accepts such OLP Interests as a contribution to the capital of UDS Logistics.
Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to UDS Logistics and the General Partner as described in Section 5.2, each of UDS Logistics and the General Partner shall be deemed to have been admitted to the Partnership as a Limited Partner in respect of the Common Units, Subordinated Units and Incentive Distribution Rights issued to it.
Upon the consummation of the transfers and conveyances described in Section 5.02, the General Partner shall be admitted as a General Partner, and the General Partner shall be the only general partner of the Partnership and UDS Logistics shall be the sole limited partner of the Partnership.
The financial statements referenced in clause (ii) above present fairly, in all material respects, the financial position and results of operations and cash flows on a historical basis of the UDS Logistics Business as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii)(B) above.
Common Unit Redemption Agreement (the "Redemption Agreement"), the Partnership will redeem from UDS Logistics 3,809,750 Common Units (the "Redemption") at a price of $35.19 per unit.
Such transfers will be accomplished by DSRMC transferring as capital contributions (1) such limited partner interests in the Partnership to Shamrock GP as are necessary so that Shamrock GP will have a 0.1% interest in the General Partner and (2) such limited partner interests in the Partnership to UDS Logistics, LLC, a Delaware limited liability company ("UDS Logistics") as are necessary so that UDS Logistics will have a 99.99% interest in the General Partner.
DSRMC hereby contributes OLP Interests to UDS Logistics in exchange for member interests in UDS Logistics and UDS Logistics hereby accepts such OLP Interests as a contribution to the capital of UDS Logistics.