Compressco Units definition
Examples of Compressco Units in a sentence
The Borrower will not, and will not permit any Restricted Subsidiary or Non-Recourse Pledgor to, permit to exist, create, assume or incur, directly or indirectly, any Lien for borrowed money or any consensual Liens of any type on the Compressco Units owned by the Borrower, such Restricted Subsidiary or such Non-Recourse Pledgor other than as contemplated under this Agreement and the Collateral Documents.
In connection with the foregoing, the Company shall execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Noteholder Representative (including, without limitation, any documents or actions necessary to perfect the Noteholder Representative’s security interest in any Compressco Units).
The Company will, not less than 5 Business Days prior to the Company or any Compressco Unit Holding Subsidiary Disposing of any Compressco Units, give notice of such Disposition to each Noteholder.
The Company will not, and will not permit any Restricted Subsidiary or Non-Recourse Pledgor to, permit to exist, create, assume or incur, directly or indirectly, any Lien for borrowed money or any consensual Liens of any type on Compressco Units that are general partner interests other than after June 30, 2021 as contemplated under this Agreement.