BP Sleeve Sample Clauses

BP Sleeve. In connection with the BP Sleeve, the following shall have occurred: (i) the BP Sleeve, and all related agreements shall have been terminated on terms and conditions reasonably satisfactory to the Company Group, (ii) the termination fee payable in connection with the termination of the BP Sleeve shall have been paid by HES, (iii) BP and/or one or more of its Subsidiaries and/or Affiliates shall release its security interest in the Company Group and agree to execute Uniform Commercial Code Termination Statements, or such other documents or endorsements necessary to release of record the security interests of BP and its Subsidiaries and Affiliates, (iv) the Purchaser and/or one or more of its Subsidiaries and/or Affiliates, on the one hand, and BP and/or one or more of its Subsidiaries and/or Affiliates on the other hand, shall have entered into one or more supplier agreements on terms and conditions reasonably satisfactory to the Purchaser, and (v) the Purchaser and/or one or more of its Subsidiaries and/or Affiliates, on the one hand, and BP and/or one or more of its Subsidiaries and/or Affiliates on the other hand, shall have entered into one or more services agreements on terms and conditions reasonably satisfactory to the Purchaser.
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