Common use of Ownership of DevCo Equity Interests Clause in Contracts

Ownership of DevCo Equity Interests. The Parent, OP LLC and the Borrower shall cause 100% of the Equity Interests in each DevCo to be owned collectively directly by OMS and directly or indirectly by OMP and shall not permit any other Person to own any Equity Interest in any DevCo.

Appears in 3 contracts

Samples: Credit Agreement (Oasis Petroleum Inc.), Credit Agreement (Oasis Petroleum Inc.), Credit Agreement (Oasis Petroleum Inc.)

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Ownership of DevCo Equity Interests. The Parent, OP LLC and the Borrower (a) shall cause 100% of the Equity Interests in each DevCo to be owned collectively (i) directly by OMS and (ii) directly or indirectly by OMP and (b) shall not permit any other Person to own any Equity Interest in any DevCo.

Appears in 2 contracts

Samples: Credit Agreement (Oasis Petroleum Inc.), Credit Agreement (Oasis Petroleum Inc.)

Ownership of DevCo Equity Interests. The Parent, OP LLC Parent and the Borrower (a) shall cause 100% of the Equity Interests in each DevCo to be owned collectively directly by OMS and (i) directly or indirectly by OMP the Borrower and (ii) directly or indirectly by OAS and (b) shall not permit any other Person to own any Equity Interest in any DevCo.

Appears in 2 contracts

Samples: Credit Agreement (Oasis Midstream Partners LP), Credit Agreement (Oasis Midstream Partners LP)

Ownership of DevCo Equity Interests. The Parent, OP LLC and the Borrower (a) shall cause 100% of the Equity Interests in each DevCo to be owned collectively (i) directly by OMS the DevCo Parent and (ii) directly or indirectly by OMP Mistream MLP and (b) shall not permit any other Person to own any Equity Interest in any DevCo.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

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Ownership of DevCo Equity Interests. The Parent, OP LLC Parent and the Borrower (a) shall cause 100% of the Equity Interests in each DevCo to be owned collectively directly (i) by OMS and the Parent (solely to the extent permitted under Section 9.20) or the Borrower (directly or indirectly indirectly) and (ii) by OMP OAS (directly or indirectly) and (b) shall not permit any other Person to own any Equity Interest in any DevCo.

Appears in 1 contract

Samples: Credit Agreement (Oasis Midstream Partners LP)

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