Examples of AECP LP in a sentence
Owner and the Manager also acknowledge and agree that AECP LP, as the sole member of Owner, is relying on the establishment and maintenance of the separate corporate entity of Owner.
Notwithstanding anything to the contrary in this Section 5.4, in no event shall any Disposition Fee be payable by AECP LP or the Owner pursuant to this Section 5.4 in connection with the sale or exchange in the ordinary course of business by AECP LP or the Manager of oil, natural gas or other hydrocarbons produced from the Assets.
AECP LP and the Owner acknowledge and agree that the Manager and its Affiliates engage and intend to continue to engage in the exploration, development, production, acquisition and disposition of oil and gas properties in North America and the marketing of production from such properties, which activities may be in competition with the Business of AECP LP and the Owner.
The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Property Acquisition and (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by AECP LP or the Owner.
The Organization and Offering Expenses to be reimbursed by AECP LP or the Owner to the Manager shall not exceed one-half percent (0.5%) of the aggregate Gross Proceeds raised in the Offering (such maximum amount, the “Expense Cap”).
For purposes of this Section 5.3, “ownership percentage” shall be the percentage of capital stock, membership interest, partnership interest or other equity interests held by the AECP LP or the Owner, without regard to classification of such equity interests.
Amounts required to be paid by AECP LP and the Owner pursuant to this Section 5.2(a) at the Initial Closing and each subsequent closing of the Offering are referred to as the “OrgOff Reimbursement Amount”.
The OrgOff Reimbursement Amount that is payable to the Manager by AECP LP or the Owner pursuant to Section 5.2(a) will be in addition to all fixed rate charges under any joint operating agreements in which the Manager or its Affiliates act as operator and the Owner owns a working interest.
Pursuant to the Partnership Agreement, AECP LP will reimburse AECP GP at or promptly after the Initial Closing and each subsequent closing of the issuance of Common Units in the Offering for the Organization and Offering Expenses it incurs up to a maximum of one percent (1.0%) of the Gross Proceeds raised in the Offering, which reimbursement shall be made concurrently with each payment to the Manager of the OrgOff Reimbursement Amount.
As compensation to the Manager for its Management Services rendered in connection with the sale or other disposition by AECP LP or the Owner of all or any portion of the Assets (other than the sale or other disposition in the ordinary course of business of oil, gas or other hydrocarbons produced from the Assets and other than a sale or other disposition to the Manager or any of its Affiliates), the Owner shall pay to the Manager the Disposition Fee.