GP Owner definition

GP Owner means Energy Transfer Equity, L.P., and any successor by merger, consolidation or reincorporation

GP Owner means Energy Transfer Equity, L.P., and any successor by merger, consolidation or reincorporation “Guarantee” means, as to any Person, any (a) any obligation, contingent or otherwise, of such Person guaranteeing or havingthe economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner,whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The term “Guarantee” shall exclude endorsements in the ordinary course of business of negotiable instruments in the course of collection. The amount of any Guarantee shall be deemed to be an amount equal to the lesser of (i) the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made, or (ii) if not stated or determinable or if such Guarantee by its terms is limited to less than the full amount of such primary obligation, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith or the amount to which such Guarantee is limited. The term “Guarantee” as a verb has a corresponding meaning.

GP Owner has the meaning assigned to such term in the definition of “Permitted General Partner Removal.”

Examples of GP Owner in a sentence

• List names of individuals and ownership interest.Names ** Phone Type Ownership % Ownership GP Owner Owner Owner 0.000%100.000%0.000%0.000%0.000%0.000%0.000% The above should include 100% of the GP or LLC member interest.

• Such policy is to provide Landmark Schaumburg Towers LP, Landmark Schaumburg Mezz LP, ST GP Owner LLC, ST GP Mezz LLC and American Landmark Properties Management LLC a minimum of 30 days advance written notice of insurer’s intent to cancel or otherwise terminate policy.

• Neither the General Partner nor any GP Owner has entered into a written agreement waiving or extending any statute of limitations in respect of Taxes with respect to any Partnership Entity.

• No power of attorney granted by any Partnership Entity or any GP Owner with respect to any Taxes of any Partnership Entity is currently in force.

• These items can be ordered without having to go through a bidding process.

• Costs incurred by a public utility under this subdivision are recoverable as provided in section216B.16, subdivision 6b, paragraph (c), including reasonable incremental costs for billing system modifications necessary to implement and operate an on-bill repayment program and for ongoing costs to operate the program.

• There is no claim, audit, action, suit, proceeding, examination or investigation now in progress, pending or, to the Knowledge of any GP Owner and the General Partner, threatened against or with respect to any Partnership Entity in respect of any Tax.

• No Taxing Authority has proposed, or, to the Knowledge of any GP Owner and the General Partner, is threatening to propose any adjustment to any Tax Return with respect to any Partnership Entity.

• None of the Partnership Entities nor any GP Owner has a request for a private letter ruling, a request for administrative relief, a request for technical advice, a request for a change of any method of accounting, or any other request that is pending with any Taxing Authority that relates to the Taxes or Tax Returns of the Partnership Entities.

• If Seller has not fully and finally settled any Trade Creditor Claim within thirty (30) days of such notice, Purchaser may, but shall not be required, to withdraw from the Escrow Fund, the amount necessary to pay off such Trade Creditor Claim and will have the right to settle the Trade Creditor Claim on behalf of Seller, GP, Owner and Purchaser.