Common use of Control of Other Party’s Business Clause in Contracts

Control of Other Party’s Business. Prior to the Closing Date, each of the Parties will exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its respective operations and the operations of its respective Subsidiaries. Nothing in this Agreement, including any of the actions, rights or restrictions set forth herein, will be interpreted in such a way as to place the Parties in violation of any rule, regulation or policy of any Governmental Entity or applicable Law.

Appears in 8 contracts

Samples: LLC Interest Transfer Agreement, LLC Interest Transfer Agreement, LLC Interest Transfer Agreement

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Control of Other Party’s Business. Prior to the Closing Date, each of the Parties will exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its respective operations and the operations of its respective Subsidiaries. Nothing in this Agreement, including any of the actions, rights or restrictions set forth herein, will be interpreted in such a way as to place the Parties in violation of require any Party to violate any rule, regulation or policy of any Governmental Entity or applicable Law, relating to the control of another Party (other than each such Party’s Subsidiaries and Affiliates).

Appears in 2 contracts

Samples: Contribution Agreement (NGL Energy Partners LP), Contribution Agreement (SemGroup Corp)

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Control of Other Party’s Business. Prior to the Closing Date, each of the Parties parties will exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its respective operations and the operations of its respective Subsidiariesbusinesses. Nothing in this Agreement, including any of the actions, rights or restrictions set forth herein, will be interpreted in such a way as to place the Parties in violation of require any party to violate any rule, regulation or policy of any Governmental Entity Authority or applicable Applicable Law, relating to the control of another party.

Appears in 1 contract

Samples: Equity Purchase Agreement (NGL Energy Partners LP)

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