Management Projections and Budget. The projections and budget set forth on Schedule 4.8 provided to Acquiror by Contributors as part of Acquiror’s review in connection with this Agreement were prepared by management of Contributors in good faith based on assumptions that they believe to be reasonable as of the date of this Agreement and are consistent with Contributors’ management’s expectations as of the date of this Agreement.
Management Projections and Budget. The projections and budgets regarding Zydeco identified on Section 3.20 of the Disclosure Letter, which were provided to SHLX (including those provided to the Financial Advisor) by SPLC and its Affiliates as part of SHLX’s review in connection with this Agreement, were prepared based upon assumptions that SPLC’s management believed to be reasonable as of the dates thereof and were consistent with SPLC’s management’s reasonable expectations at the time they were prepared.
Management Projections and Budget. The projections and budget set forth on Schedule 3.8 provided to Acquiror by Contributor and Retail Parent as part of Acquiror’s review in connection with this Agreement and the Ancillary Documents were prepared by management of Contributor or Retail Parent in good faith based on assumptions that they believe to be reasonable as of the date of this Agreement and are consistent with Contributor’s or Retail Parent’s management’s expectations as of the date of this Agreement.
Management Projections and Budget. The projections and budgets identified on Disclosure Schedule 3.21, which were provided to the Partnership (including those provided to the Financial Advisor) by Development and its Affiliates as part of the Partnership’s review in connection with this Agreement, have a reasonable basis and were consistent with Development’s management’s expectations at the time they were prepared.
Management Projections and Budget. The projections and budgets regarding Pecten identified on Section 3.19 of the Disclosure Letter, which were provided to SHLX (including those provided to the Financial Advisor) by SPLC and its Affiliates as part of SHLX’s review in connection with this Agreement, were prepared based upon assumptions that SPLC’s management believed to be reasonable as of the dates thereof and were consistent with SPLC’s management’s reasonable expectations at the time they were prepared.
Management Projections and Budget. The projections and budgets regarding the Assets identified on Section 3.15 of the Disclosure Letter, which were provided to SHLX (including those provided to the Financial Advisor) by the Sellers and their Affiliates as part of SHLX’s review in connection with this Agreement, were prepared based upon assumptions that the Sellers’ respective management believe to be reasonable as of the date thereof and were consistent with the Sellers’ respective management’s reasonable expectations as of the time they were prepared.
Management Projections and Budget. (a) The projections and budgets regarding Phoenix LLC and its assets identified on Schedule 4.14(a), which were provided to the Conflicts Committee and its financial advisor as part of its review in connection with this Purchase Agreement, were prepared based upon assumptions that BPNA’s management believes to be reasonable as of the date hereof and are consistent with the reasonable expectations of BPNA’s management as of the date hereof, in each case with respect to Phoenix LLC and its assets, taken as a whole.
(b) The projections and budgets regarding URSA LLC and its assets identified on Schedule 4.14(b), which were provided to the Conflicts Committee and its financial advisor as part of its review in connection with this Purchase Agreement, were prepared based upon assumptions that BP Offshore’s management believes to be reasonable as of the date hereof and are consistent with the reasonable expectations of BP Offshore’s management as of the date hereof, in each case with respect to URSA LLC and its assets, taken as a whole.
(c) The projections and budgets regarding Mardi Gras LLC and the Mardi Gras JV Companies and their respective assets identified on Schedule 4.14(c), which were provided to the Conflicts Committee and its financial advisor as part of its review in connection with this Purchase Agreement, were prepared based upon assumptions that BPPL’s management believes to be reasonable as of the date hereof and are consistent with the reasonable expectations of BPPL’s management as of the date hereof, in each case with respect to Mardi Gras LLC and the Mardi Gras JV Companies and their respective assets, taken as a whole.
Management Projections and Budget. The projections and budgets regarding Amberjack identified on Section 3.20 of the Disclosure Letter, which were provided to SHLX (including those provided to the Financial Advisor) by SPLC and its Affiliates as part of SHLX’s review in connection with this Agreement, were prepared based upon assumptions that SPLC’s management believes to be reasonable as of the date thereof and hereof and were consistent with SPLC’s management’s reasonable expectations as of the time they were prepared and as of the date hereof.
Management Projections and Budget. The projections and budgets regarding the SOPUS Norco Assets identified on Section 6.14 of the Disclosure Letter, which were provided to the SHLX Parties (including those provided to the Financial Advisor) by SOPUS as part of the SHLX Parties’ review in connection with this Agreement, were prepared (a) based upon assumptions SOPUS’s management, together with the management of Shell Chemical in the case of the Shell Chemical Norco Assets, believes to be reasonable as of the date thereof and hereof, (b) in good faith and (c) consistent with SOPUS’s management’s reasonable expectations as of the time they were prepared and as of the date hereof.
Management Projections and Budget. The projections and budgets regarding each of Mars, Explorer, LOCAP, Odyssey and Triton identified on Section 3.20 of the Disclosure Letter, which were provided to SHLX (including those provided to the Financial Advisor) by the Sellers and their Affiliates as part of SHLX’s review in connection with this Agreement, were prepared based upon assumptions that the Sellers’ respective management believe to be reasonable as of the date thereof and hereof and were consistent with the Sellers’ respective management’s reasonable expectations as of the time they were prepared and as of the date hereof.
