Genesis MLP definition

Genesis MLP means Genesis Energy, L.P., a Delaware limited partnership, and its successors.
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Genesis MLP means Genesis Energy, L.P.
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Genesis MLP has the meaning assigned to such term in the opening paragraph of this Agreement.
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Examples of Genesis MLP in a sentence

  • In the event Executive breaches this Agreement, the Company will also have the right, in addition to any other rights it may have at law, in equity or under this Agreement to cancel, withhold and/or offset any payments due Executive hereunder against any payments otherwise due to Executive from the Company, Genesis MLP or Genesis OLP.

  • This Agreement, and any rights or obligations hereunder, may not be assigned by either party hereto without written consent of the other; provided, however, that the Company may assign this Agreement to Genesis MLP, Genesis OLP, an affiliate of the Company which has succeeded to all or substantially all of the business of the Company or to a third party acquiring all or substantially all of the business, equity or assets of the Company.

  • Executive will act in the best interest of the Company, Genesis MLP and Genesis OLP and their subsidiaries and affiliates in the performance of Executive's services and duties under this Agreement.

  • This Agreement will be for an initial term commencing on the effective date of that certain initial public offering of limited partnership interests in Genesis MLP and ending on December 31, 1999 (the "Initial Term"), unless sooner terminated in accordance with the provisions hereof.

  • The Company will grant to Executive Restricted Units ("Initial Award Units") in an amount determined by dividing $600,000 by the initial offering price of a limited partnership interest in Genesis MLP, pursuant to the Company's Restricted Unit Plan, in accordance with the terms thereof, promptly upon the adoption of such plan by the Board of Directors of the Company.

  • MLP Common Units to be delivered by the Company upon the vesting of Phantom Units granted under the Plan may be MLP Common Units acquired by the Company in the open market, MLP Common Units acquired by the Company directly from Genesis MLP, Genesis OLP or any other person, or any combination of the foregoing.

  • The General Partner may adopt such conventions, make such allocations and make such amendments to this Agreement as provided in this Section 6.2(c) only if such conventions, allocations or amendments would not have a material adverse effect on the Partners, the holders of any class or classes of Units or other limited partner interests of Genesis MLP issued and outstanding or the Partnership, and if such allocations are consistent with the principles of Section 704 of the Code.

  • Genesis MLP has full power and authority to enter into each Transaction Document to which it is a party, to perform its obligations thereunder and to consummate the transactions contemplated thereby which are to be consummated by it.

  • If a Person is elected as a successor general partner of Genesis MLP in connection with the removal of the General Partner as the general partner of Genesis MLP, such Person shall, upon admission as a successor general partner of Genesis MLP, automatically become the successor General Partner of the Partnership and a successor general partner of the other Group Members of which the General Partner is the general partner.

  • The purpose of the Plan is to promote the interests of the Company and Genesis Energy, L.P. ("Genesis MLP") by encouraging Key Employees to remain with the Company by providing a means whereby such individuals may develop a sense of proprietorship and personal involvement in the development and financial success of Genesis MLP, and to encourage them to devote their best efforts to the Business of Genesis MLP, thereby advancing the interests of Genesis MLP and the Company.

Related to Genesis MLP

  • MLP has the meaning given such term in the introduction to this Agreement.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • GP means Gottbetter & Partners, LLP.

  • Holdco has the meaning set forth in the Preamble.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Operating Partnership has the meaning set forth in the preamble.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • Velocity means a measurement of the motion of liquids usually expressed in feet per second.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • JV means Joint Ventures

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of Spinco immediately following the Contribution.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • PEG means public, educational and governmental.