Contribution and Closing Sample Clauses

Contribution and Closing. 2.1 Contribution 16 2.2 Consideration 17 2.3 Closing 17 2.4 Closing Deliveries by Sellers to Buyer 17 2.5 Closing Deliveries by Buyer to Sellers 19 2.6 Adjustment Mechanics 20 2.7 Consideration Allocation 21 2.8 Excluded Records 22 3.1 Organization 22 3.2 Authority 22 3.3 No Conflicts; Consents and Approvals 23 3.4 Title to Company Interests 23 3.5 Legal Proceedings 23 3.6 Brokers 23

Contribution and Closing. Subject to the satisfaction or waiver of the conditions to closing set forth in Article 6, the closing of the contributions of the WPL LLC Interest and the other transactions described in Section 2.2 (the "Closing") will be held at the offices of WES on or before the third business day following satisfact▇▇▇ or waiver of all such conditions, commencing at 9:00 a.m., Tulsa, Oklahoma time or such other place, date and time as may be mutually agreed upon by the parties hereto. The "Closing Date," as referred to herein, shall mean the date of the Closing.

Contribution and Closing. ............. 2 2.1 Contribution and Closing....

Contribution and Closing. 2.1 Contribution 10 2.2 Consideration 10 2.3 Closing 10 2.4 Closing Deliveries by SMP Holdings to Summit MLP 10 2.5 Closing Deliveries by Summit MLP to SMP Holdings 10 2.6 Working Capital Adjustment 11 3.1 Organization; Good Standing 12 3.2 Authority 12 3.3 Capitalization of the Company 13 3.4 No Conflicts; Consents and Approvals 13 3.5 Absence of Changes 13 3.6 Compliance with Applicable Laws 14 3.7 Intellectual Property 15 3.8 Absence of Litigation 15 3.9 Real Property 15 3.10 Personal Property 16 3.11 Capital and Expense Projects; Purchase Orders 17 3.12 Regulatory Status 17 3.13 Environmental Matters 17 3.14 Taxes 18 3.15 Contracts 18 3.16 Employees and Plans 20 3.17 Transactions with Affiliates 20 3.18 Broker’s Commissions 20 3.19 Records 20 3.20 Surety Bonds and Credit 20 3.21 No Bankruptcy 20 3.22 No Undisclosed Material Liabilities; Indebtedness 20 3.23 Insurance 20 3.24 Company-Specific Matters 21 3.25 Conflicts Committee Matters 21

Contribution and Closing. 2.1 Contribution 13 2.2 Consideration 13 2.3 Closing 14 2.4 Closing Deliveries by SMP Holdings to Summit MLP 14 2.5 Closing Deliveries by Summit MLP to SMP Holdings 14 2.6 Consideration Adjustment 14 ARTICLE III REPRESENTATIONS AND WARRANTIES REGARDING THE ACQUIRED ENTITIES, OPCO AND OPCO GENERAL PARTNER 3.1 Organization; Good Standing 15 3.2 Capitalization of the Acquired Entities 16 3.3 No Conflicts; Consents and Approvals 17 3.4 Absence of Changes 17 3.5 Compliance with Applicable Laws 18 3.6 Intellectual Property 18 3.7 Absence of Litigation 19 3.8 Real Property 19 3.9 Personal Property 20 3.10 Capital and Expense Projects; Purchase Orders 21 3.11 Regulatory Status 21 3.12 Environmental Matters 21 3.13 Taxes 22 3.14 Contracts 23 3.15 Employees and Plans 24 3.16 Transactions with Affiliates 24 3.17 Records 24 3.18 Surety Bonds and Credit 24 3.19 No Bankruptcy 24 3.20 No Undisclosed Material Liabilities; Indebtedness 24 3.21 Insurance 25 3.22 Conflicts Committee Matters 25 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SMP HOLDINGS 4.1 Organization; Good Standing 25 4.2 Authority 26 4.3 Ownership of the OpCo Interests 26 4.4 No Conflicts; Consents and Approvals 26 4.5 Broker’s Commissions 26 4.6 No Bankruptcy 26 4.7 Acquisition as Investment 26 4.8 Investment Experience 27 ARTICLE V REPRESENTATIONS AND WARRANTIES REGARDING SUMMIT MLP 5.1 Organization 27 5.2 Authority 27 5.3 No Conflicts 27 5.4 Legal Proceedings 27 5.5 Acquisition as Investment 28 5.6 Financial Resources 28 5.7 Opportunity for Independent Investigation 28 5.8 Broker’s Commissions 29 ARTICLE VI COVENANTS 6.1 Indebtedness; Distributions 29 6.2 Tax Matters 29 6.3 Public Announcements 31 6.4 Further Assurances; Commercially Reasonable Efforts 31 6.5 Conduct of Operations 32 6.6 OpCo Formation Transactions 32 ARTICLE VII LIMITATIONS ON LIABILITY, WAIVERS AND ARBITRATION 7.1 Survival of Representations, Warranties and Covenants 32 7.2 Indemnification of Summit MLP and the Acquired Companies by SMP Holdings 33 7.3 Indemnification of SMP Holdings by Summit MLP 33 7.4 Limitations 34 7.5 Claims Procedures 35 7.6 Waiver of Other Representations 36 7.7 Waiver of Remedies 36 7.8 Access to Information 37 7.9 Dispute Resolution and Arbitration 38 7.10 Arbitration Procedures 38 7.11 Determination of Amount of Damages; Mitigation 39

Contribution and Closing. 1.01 Contribution................................................... 1 1.02 Contribution; LP Units......................................... 1 (a) Contribution Consideration............................... 1 (b) Issuance of LP Units..................................... 2 (c) Transfer Restrictions.................................... 2 (d) Lock-Up Period........................................... 2 1.03 Closing........................................................ 3

Contribution and Closing