BP Parties definition

BP Parties means BP and BPCNA, collectively, and “BP Party” means any of BP or BPCNA, individually.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

BP Parties has the meaning set forth in the Preamble to this Agreement.

BP Parties has the meaning ascribed thereto in Section 5.1.

Examples of BP Parties in a sentence

• The BP Parties shall return to IDT such Performance Assurance to the extent required under the Master Netting Agreement.

• Until IDT Transfers to the BP Parties such Performance Assurance, neither BP Party shall be required to enter into any new Direct Transactions or Credit-Enabled Transactions.

• With respect to any Delivery Month, IDT may receive more than one Invoice from the BP Parties.

• No Lien exists or will exist upon the Collateral at any time, except for the Lien in favor of BP created or provided for herein and under the Security Documents, which Lien created in favor of the BP Parties constitutes a valid first and prior perfected Lien on the Collateral, subject to no other Lien.

• Within the Designated Region, IDT shall not make sales at wholesale of Energy, Natural Gas or Related Services except to the BP Parties.

• On or before the Closing Date, the BP Parties and IDT shall execute and deliver the Related Agreements.

• In exchange, IDT will (i) pay specified fees to the BP Parties in consideration for the performance of obligations under this Agreement, (ii) grant the BP Parties a first-priority security interest in the Collateral to secure its performance hereunder as more specifically described in the Security Documents, and (iii) provide BP with the information necessary to provide such services, all as described more fully herein.

• The BP Parties shall have the option, but not the obligation, to include such new Sale Contracts under the terms hereof with such deemed charges as may be necessary to include such Sales Contract.

• The Deposit Account shall be in the name of IDT, but the BP Parties shall have a first-priority Lien in the Deposit Account.

• The BP Parties shall comply with applicable federal and state law with regard to consumer information with respect to Customers provided by IDT or its Affiliates to BP or BPCNA.

More Definitions of BP Parties

BP Parties means BP p.l.c. and the parties listed in Part A of Schedule 1;

BP Parties means BP Pipelines, BP Holdco, the General Partner, and the Partnership. The “Operating Subsidiaries” shall mean BP2, River Rouge, Diamondback and Mardi Gras. The “Mardi Gras Joint Ventures” shall mean Endymion, Caesar, Proteus and Cleopatra. The “BP Entities” shall mean the BP Parties and the Operating Subsidiaries, collectively. The “Partnership Entities” shall mean the Partnership and the Operating Subsidiaries, collectively. The “Organizational Agreements” shall mean the Partnership Agreement, the GP LLC Agreement, and the limited liability company agreement of each Operating Subsidiary, Mars and each Mardi Gras Joint Venture. The “Organizational Documents” shall mean the Organizational Agreements and the certificates of formation of each of the BP Entities, Mars and each Mardi Gras Joint Venture. The “Operative Agreements” shall mean the Organizational Agreements and the Transaction Documents.

BP Parties means BP Pipelines, BP Holdco, the General Partner, and the Partnership. The “Operating Subsidiaries” shall mean BP2, River Rouge, Diamondback and Mardi Gras. The “Mardi Gras Joint Ventures” shall mean Endymion, Caesar, Proteus and Cleopatra. The “BP Entities” shall mean the BP Parties and the Operating Subsidiaries, collectively. The “Partnership Entities” shall mean the Partnership and the Operating

BP Parties means, collectively, BP America Inc., a Delaware corporation, BP Nutrition Inc., a Delaware corporation, and The Standard Oil Company, an Ohio corporation.

BP Parties means BP Pipelines, BP Holdco, the General Partner, and the Partnership. The “Operating Subsidiaries” shall mean BP2, River Rouge, Diamondback and Mardi Gras. The “Mardi Gras Joint Ventures” shall mean ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇. The “BP Entities” shall mean the BP Parties and the Operating Subsidiaries, collectively. The “Partnership Entities” shall mean the Partnership and the Operating Subsidiaries, collectively. The “Organizational Agreements” shall mean the Partnership Agreement, the GP LLC Agreement, and the limited liability company agreement of each Operating Subsidiary, Mars and each Mardi Gras Joint Venture. The “Organizational Documents” shall mean the Organizational Agreements and the certificates of formation of each of the BP Entities, Mars and each Mardi Gras Joint Venture. The “Operative Agreements” shall mean the Organizational Agreements and the Transaction Documents. As used in this underwriting agreement (this “Agreement”), the “Registration Statement” means the registration statement referred to in paragraph 1(a) hereof, including the exhibits, schedules and financial statements and any prospectus supplement relating to the Units that is filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b) under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”) and deemed part of such registration statement pursuant to Rule 430A under the Securities Act (“Rule 430A”), as amended at the date and time that this Agreement is executed and delivered by the parties hereto (the “Execution Time”), and, in the event any post-effective amendment thereto or any registration statement and any amendments thereto filed pursuant to Rule 462(b) under the Securities Act (a “Rule 462(b) Registration Statement”) becomes effective prior to the Closing Date (as defined in Section 3 hereof), shall also mean such registration statement as so amended or such Rule 462(b) Registration Statement, as the case may be; the “Effective Date” means each date and time that the Registration Statement, any post-effective amendment or amendments thereto or any Rule 462(b) Registration Statement became or becomes effective; the “Preliminary Prospectus” means any preliminary prospectus referred to in paragraph 1(a) hereof and any preliminary prospectus included in the Registration Statement at the Effective Date that omits information with respect to the Units and the offering the...