Characterization of Investment in Unrestricted Subsidiaries. If a Restricted Subsidiary of MLP Parent is designated as an Unrestricted Subsidiary pursuant to Section 9.4.1 (including, without limitation, any MLP Subsidiary or Exclusive Entity), the aggregate fair market value of all outstanding Investments owned by MLP Parent and its Restricted Subsidiaries in the former Restricted Subsidiary so designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation that must comply with Section 9.2.2 hereof.
Appears in 4 contracts
Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)
Characterization of Investment in Unrestricted Subsidiaries. If a Restricted Subsidiary of MLP Parent is designated as an Unrestricted Subsidiary pursuant to Section 9.4.1 15.6(a) (including, without limitation, any MLP Subsidiary or Exclusive Entity), the aggregate fair market value of all outstanding Investments owned by MLP Parent and its Restricted Subsidiaries in the former Restricted Subsidiary so designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation that must comply with Section 9.2.2 15.4(b) hereof.
Appears in 1 contract
Samples: Monetization Master Agreement (Calumet Specialty Products Partners, L.P.)
