Examples of Alon LP in a sentence
Brands will cause each member of the Brands Group providing or receiving Services hereunder to abide by the terms and conditions of this Agreement, and Alon LP will cause each member of the Alon USA Group providing or receiving Services hereunder to abide by the terms and conditions of this Agreement.
Alon LP and Brands acknowledge and agree that no prior approval will be required from the Recipient for the Provider to seek any reimbursement for Conversion Costs pursuant to this Section 5.3.
The Company is not required, and immediately after receipt of payment for the Purchased Shares, will not be required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended.
This imputed amount is then used by the shareholders to “purchase” services from the investment fund or the management company, depending on the option chosen (1 or 3).
Alon LP and Brands acknowledge and agree that no prior approval of the Recipient will be required for the Provider to seek any reimbursement pursuant to this Section 5.2.
Alon LP and Brands acknowledge and agree that in connection with the implementation, provision, receipt and transition of the Services, there will be certain nonrecurring, out-of-pocket conversion costs incurred by Alon LP, Brands and their respective Groups (“Conversion Costs”).
Pursuant to the original Amended Revolving Credit Agreement dated as of February 15, 2006 (as amended prior to the date hereof, the “Existing Revolving Credit Agreement”), by and among Alon LP, as borrower, certain of the Companies (as defined below), as guarantors, the Lenders and the Agent, the Lenders extended credit to Alon LP consisting of a revolving credit facility in an aggregate principal amount not to exceed $240,000,000 at any time outstanding.
The Letters of Credit will be used only for the purpose of supporting the purchase of crude oil by Alon LP for use at the Big Spring Refinery, Big Spring, Texas.
Each Borrower hereby irrevocably appoints Alon LP as the borrowing agent and attorney-in-fact for the Borrowers (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until the Agent shall have received prior written notice signed by all of the Borrowers that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower.
Alon LP will designate a dedicated services account manager (the “Alon USA Services Manager”) who will be directly responsible for coordinating and managing the delivery of the Services and will have authority to act on the Alon USA Group’s behalf with respect to the Services.