UP Energy definition
Examples of UP Energy in a sentence
UP Energy will not directly own any subsidiary other than the Borrower and any Unrestricted Parent Entity.
UP Holdings legally and beneficially owns all of the issued and outstanding Equity Interests of UP Energy.
Each of the Parent, UP Energy and the Company shall have delivered to you a certificate of its Secretary or an Assistant Secretary, dated the date of Closing, certifying as to the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Notes, this Agreement and the Parent Guaranty, as applicable.
All of the issued and outstanding capital stock of UP Energy is owned of record and beneficially by the Parent.
All of the issued and outstanding capital stock of the Company is owned of record and beneficially by UP Energy.
UP Energy shall have issued and delivered the Put Option Securities in accordance with Sections 1.3(a) and 1.3(b), and no portion of the Put Option Securities shall have been invalidated or avoided.
On or immediately after the Effective Date and in accordance with Article III of this Plan, the Debtors shall effectuate the cancellation of (i) all amounts owing by Ultra Resources to Ultra Petroleum, and (ii) all equity interests in UP Energy.
Ladies & Gentlemen: We have acted as special legal counsel to Ultra Resources, Inc., a Delaware corporation (the “Issuer”), Ultra Petroleum Corp., a company incorporated under the laws of the territory of Yukon, Canada (the “Company”) and UP Energy Corporation, Keystone Gas Gathering, LLC, Ultra Wyoming, LLC, UPL Pinedale LLC, UPL Three Rivers Holdings, LLC and Ultra Wyoming LGS, LLC (the “Delaware Guarantors” and together with the Company, the “Guarantors”).
Ultra Resources legally and beneficially owns all of the issued and outstanding Equity Interests of each of the other Debtors (other than the Equity Interests of UP Holdings, UP Energy and Ultra Wyoming LGS, LLC).
The sole activity, operations and business of UP Holdings since its formation has consisted of (a) owning all of the issued and outstanding shares of capital stock of UP Energy and (b) activities that are incidental (i) to its ownership of the issued and outstanding shares of capital stock of UP Energy, or (ii) to the maintenance of its legal existence.