ETP Holdco definition
Examples of ETP Holdco in a sentence
The initial capital account with respect to each Class M Unit will be equal to the purchase price as set forth in the Contribution and Assumption Agreement, divided by the number of Class M Units issued to ETP Holdco.
Such Contributor owns of record and beneficially 66 shares of common stock of the Company, in the case of HHI, and 34 shares of common stock of the Company, in the case of ETP Holdco, and such Contributor has good and marketable title to the Acquired Interests owned by such Contributor, free and clear of all Liens.
Texas ETC Tiger Pipeline, LLC Delaware Lone Star NGL LLC Delaware Lone Star NGL Pipeline LP Delaware Lone Star NGL Asset Holdings LLC Delaware Lone Star NGL Asset Holdings II LLC Delaware ETP Holdco Corporation Delaware Sunoco (R&M) LLC Pennsylvania Mascot, Inc.
The Class B Units shall be issued to HHI and ETP Holdco in accordance with the terms of the Contribution Agreement.
Acquiror shall pay to HHI (and HHI shall pay to ETP Holdco its proportionate share of) any Pre-Closing Tax Refund, together with any interest thereon, received after the Closing Date within fifteen (15) days of such receipt.
ETP Holdco shall prepare and timely file, or shall cause to be prepared and timely filed, all Tax Returns of each SUG Party, each SUN Party and HHI in respect of any taxable periods beginning on or before the Closing Date but that are required to be filed after the Closing Date, and ETP Holdco shall pay, or cause to be paid, all Taxes due with respect to such Tax Returns.
ETP Holdco shall consider in good faith any comment that ETE or EPT, as applicable, submits to ETP Holdco no less than five (5) Business Days prior to the due date of such Tax Returns.
In the event that the Parties hereto realize federal income tax benefits or burdens related to ETP Holdco Corporation (“Holdco”) attributable to the period in which the Parties jointly owned Holdco that were unanticipated at the time of the transfer of ETE’s equity ownership interest in Holdco to ETP, then ETE and ETP shall share in such unanticipated benefits and burdens in relation to their respective equity ownership interests immediately prior to the time of such transfer.
For the avoidance of doubt, the sum of the initial Capital Accounts with respect to each Class B Unit as of the Effective Date is equal to the sum of the Capital Accounts of each Recapitalized Unit issued to ETP Holdco as of the Effective Date.
This Agreement is made in connection with the issuance of the Regency Common Units to Southern Union pursuant to that certain Contribution Agreement, dated as of February 27, 2013 (the “Contribution Agreement”), by and among Southern Union, Regency, Regency Western G&P LLC, a Delaware limited liability company, and ETP Holdco Corporation, a Delaware corporation.