Examples of El Paso Corporation in a sentence
El Paso Corporation has caused this note to be executed effective as of August 16, 2004.
In no event shall sale of the Stock and the deposit of the sale proceeds (and interest thereon, if any) be deferred beyond the date of Closing set by the Designated Representative and El Paso Corporation pursuant to Paragraph 3.2 of this Agreement.
Notwithstanding any exercise by El Paso Corporation of its right to delay a sale of Stock hereunder, the Designated Representative shall be permitted to deliver one or more written directions to sell additional Stock during the continuation of any delay, provided that such further requests shall also be subject to El Paso Corporation’s right to delay the sales so requested in accordance with the terms of this Paragraph.
El Paso Corporation shall provide written notice to the Designated Representative of the effectiveness of its amendment or new shelf registration statement within three (3) Business Days after receipt of notice of the effectiveness thereof by the SEC.
The amount of a prepayment in full on or before the Effective Date shall be the Non-Investment Grade Discounted Amount if El Paso Corporation is not Investment Grade at the time of prepayment, and the Investment Grade Discounted Amount if El Paso Corporation is Investment Grade at the time of prepayment.
Each of the El Paso Settling Parties covenants and agrees that the Settlement Fund shall have the right, upon ninety (90) days prior written notice to, but without the consent of, El Paso Corporation, any other El Paso Settling Party, or any El Paso Pledgor, to sell, pledge or otherwise assign or convey in a Monetization or otherwise any or all of its interest in the Deferred Payments, together with its rights in the related Collateral, to one or more third parties.
Notwithstanding the foregoing, should the Designated Representative elect to sell the Stock through more than three (3) block trades, then El Paso Corporation may deduct the actual cost of commissions paid in effecting the fourth and subsequent trades from the proceeds of such block trades.
On the Effective Date and not more than three months after each Measurement Date thereafter, El Paso Corporation shall deliver or cause to be delivered to the Designated Representative a report of one or more Independent Consultants addressed to the Designated Representative confirming the Reported Value of the Oil & Gas Collateral.
El Paso Corporation shall use its reasonable best efforts to cause the above-referenced amendment or new shelf registration statement to become effective as soon as possible after the date hereof and remain effective until the Effective Date.
Upon written reasonable request by the Designated Representative, El Paso Corporation shall deliver to the Designated Representative such production reports and other internally prepared reports as it may have to enable the Designated Representative to confirm independently El Paso Corporation’s compliance with the terms of Paragraph 8.3(a) of this Agreement.