Examples of CITGO GP in a sentence
Lyondell GP and Lyondell LP, in the case of a Default by Lyondell GP or Lyondell LP; and CITGO GP and CITGO LP, in the case of a Default by CITGO GP or CITGO LP.
In the case of CITGO LP, the "Affiliated General Partner" shall mean CITGO GP.
Without the need for the consent of any other Person, upon the execution of this Agreement: (i) each of Lyondell GP and CITGO GP is hereby admitted to the Partnership as a general partner of the Partnership (together, the "General Partners"), and (ii) each of Lyondell LP and CITGO LP is hereby admitted to the Partnership as a limited partner of the Partnership (together, the "Limited Partners").
Upon the Conversion Date, the percentage ownership of the Partnership was as follows: Lyondell GP 10.10% CITGO GP 1.00% Lyondell LP 48.65% CITGO LP 40.25% Upon the Conversion Date, Lyondell GP's 10.10% interest consists of a 1.00% general partnership interest and a 9.10% limited partnership interest; provided, however, that for all other purposes under this Agreement, Lyondell GP shall be considered only a General Partner (as defined herein) and not a Limited Partner (as defined herein).
In the case of CITGO GP, the "Affiliated Limited Partner" shall mean CITGO LP.
Such partnership interests in LCR owned by CITGO GP and CITGO LP have been duly authorized and validly issued in accordance with the LCR Partnership Agreement, and, in the case of the CITGO LP Interest, are fully paid (to the extent required by the LCR Partnership Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303 and 17-607 of the Delaware LP Act).
Each of Seller, CITGO LP and CITGO GP has the requisite corporate power and authority to carry on its business as it is now being conducted.
Seller, directly or indirectly, owns all of the outstanding shares of capital stock of CITGO GP and CITGO LP.
CITGO GP is a Delaware corporation, duly organized and validly existing and in good standing under Delaware Law.
Neither CITGO GP nor CITGO LP is a “foreign person” with the meaning of Section 1445 of the Code.