Common use of EPCO Services Clause in Contracts

EPCO Services. (a) During the Term, subject to the terms of this Article 2 and in exchange for the reimbursement described in Section 2.2, the EPCO Group hereby agrees to provide each MLP Group with such selling, general and administrative services and such management and operating services as directed by the applicable General Partner, and as may be necessary to manage and operate the business, properties and assets of such MLP Group in accordance with Prudent Industry Practices; it being understood and agreed by the Parties that in connection with the provision of such services, EPCO shall employ or otherwise retain the services of such personnel as may be necessary to cause the business, properties and assets of such MLP Group to be so managed and operated (individually, an “EPCO Service” and, collectively, the “EPCO Services”).

Appears in 3 contracts

Samples: Administrative Services Agreement (Oiltanking Partners, L.P.), Administrative Services Agreement (Enterprise Products Partners L P), Administrative Services Agreement

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EPCO Services. (a) During the Term, subject to the terms of this Article 2 and in exchange for the reimbursement described in Section 2.2, the EPCO Group hereby agrees to provide each the MLP Group with such selling, general and administrative services and such management and operating services as directed by the applicable General Partner, and as may be necessary to manage and operate the business, properties and assets of such the MLP Group in accordance with Prudent Industry Practices; it being understood and agreed by the Parties that in connection with the provision of such services, EPCO shall employ or otherwise retain the services of such personnel as may be necessary to cause the business, properties and assets of such the MLP Group to be so managed and operated (individually, an “EPCO Service” and, collectively, the “EPCO Services”).

Appears in 2 contracts

Samples: Administrative Services Agreement, Administrative Services Agreement (Enterprise Products Partners L P)

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EPCO Services. (a) During the Term, subject to the terms of this Article 2 and in exchange for the reimbursement described in Section 2.2, the EPCO Group hereby agrees to provide each the MLP Group with such selling, general and administrative services and such management and operating services as directed by the applicable General Partner, Partner and as may be necessary to manage and operate the business, properties and assets of such the MLP Group in accordance with Prudent Industry Practices; it being understood and agreed by the Parties that in connection with the provision of such services, EPCO shall employ or otherwise retain the services of such personnel as may be necessary to cause the business, properties and assets of such the MLP Group to be so managed and operated (individually, an “EPCO Service” and, collectively, the “EPCO Services”).

Appears in 1 contract

Samples: Administrative Services Agreement (Enterprise Products Partners L P)

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