Other Loans. The Partnership Governance Committee may by Partnership Governance Committee Action, authorize the CEO to cause the Partnership to borrow funds from third party lenders. No Partner shall be required, and the Partnership Governance Committee shall not be authorized to require any Partner, to guarantee or to provide other credit or financial support for any loan.
Appears in 4 contracts
Samples: Credit Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co)
Other Loans. The Partnership Governance Committee may by Partnership Governance Committee Action, Action authorize the CEO to cause the Partnership to borrow funds from third party lenders. No Partner shall be required, and the Partnership Governance Committee shall not be authorized to require any Partner, to guarantee or to provide other credit or financial support for any loan. Any Partner may, at its sole discretion, guarantee or provide other credit or financial support for all or any portion of any debt, including any refinancing of the Bank Credit Agreement or any uncommitted lines of credit of the Partnership, for such period of time and on such other terms as the Partner shall determine.
Appears in 3 contracts
Samples: Lyondell Petrochemical Co, Occidental Petroleum Corp /De/, Millennium Chemicals Inc
Other Loans. The Partnership Governance Committee may by Partnership Governance Committee Action, Action authorize the CEO to cause the Partnership to borrow funds from third party lenders. No Neither General Partner shall be required, and the Partnership Governance Committee shall not be authorized to require any Partner, to guarantee or to provide other credit or financial support for any loan. Any Partner may, at its sole discretion, guarantee or provide other credit or financial support for all or any portion of any debt, including any refinancing of debt contemplated by Section 8.6(a), for such period of time and on such other terms as the Partner shall determine.
Appears in 1 contract
Samples: Lyondell Petrochemical Co
Other Loans. The Partnership Governance Committee may by Partnership Governance Committee Action, Action authorize the CEO to cause the Partnership to borrow funds from third party lenders. No Partner shall be required, and the Partnership Governance Committee shall not be authorized to require any Partner, to guarantee or to provide other credit or financial support for any loanloan to the Partnership.β
Appears in 1 contract
Samples: Limited Partnership Agreement (Equistar Chemicals Lp)
Other Loans. The Partnership Governance Committee may by Partnership Governance Committee Action, Action authorize the CEO to cause the Partnership to borrow funds from third party lenders. No Partner shall be required, and the Partnership Governance Committee shall not be authorized to require any Partner, to guarantee or to provide other credit or financial support for any loan. Any Partner may, at its sole discretion, guarantee or provide other credit or financial support for all or any portion of any debt of the Partnership, for such period of time and on such other terms as the Partner shall determine.
Appears in 1 contract
