Initial Partners definition

Initial Partners means Lyondell LP, Lyondell GP, Millennium LP and Millennium GP.

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Initial Partners shall have the meaning set forth in the Recitals.

Initial Partners means those entities which are Partners on the Effective Date.

Examples of Initial Partners in a sentence

• The format and level of detail of each Strategic Plan shall be consistent with that of the initial Strategic Plan agreed to by the Initial Partners on or prior to the Initial Closing Date or the Strategic Plan most recently approved pursuant to Section 6.7.

• The Initial Partners each agree to bear their own costs for all matters involved in the negotiation, execution and performance of this Agreement and related transactions unless otherwise specified herein.

• All principal and interest received on the Lyondell Note shall be distributed among the Initial Partners in the ratio of the Units owned by them prior to the admission of the Occidental Partners.

• All principal and interest received on the ---------------------- Lyondell Note shall be distributed among the Initial Partners in the ratio of the Units owned by them prior to the admission of the Occidental Partners.

• Column I reflects Capital Accounts after the contributions of the Occidental Partners on the Effective Date and the Effective Date adjustments to the Capital Accounts of the Initial Partners, but before the other contributions and distributions described in Section 2.3(c).

More Definitions of Initial Partners

Initial Partners means the parties hereto on the Effective Date.

Initial Partners means Energen and the IPO Underwriters upon the issuance by the Partnership of Common Units as described in Section 5.1 in connection with the Initial Public Offering.

Initial Partners has the meaning set forth in the recitals hereto.

Initial Partners. Initial Partners" shall mean DR Investor and RII ----------------

Initial Partners is defined in the Recitals.

Initial Partners mean the parties hereto on the Effective Date. 1.67 1.68 "Interest" means a Partner's share of the capital, Net Income and Net Loss of, and the right to receive distributions from, the Partnership. 1.69 1.70 "Internal Revenue Code" or "Code" means the Internal Revenue Code of 1986, as amended, or any successor statute. All references to specific sections of the Internal Revenue Code shall be deemed to include any provisions of the Internal Revenue Code which replace or supersede the sections in effect at the time of execution of this Agreement. 1.71 1.72 "Involuntary Transfer" means any Transfer pursuant to judicial proceedings, attachment, ▇▇▇▇, ▇▇▇▇ upon, assignment for the benefit of creditors or Transfer by operation of law and any assumption of possession whether in fact or in law by any receiver, trustee, conservator or other fiduciary appointed by any court or government agency, if such attachment, ▇▇▇▇, ▇▇▇▇ or assumption of possession shall not be absolutely removed or dissolved within one hundred and twenty (120) days after the same occurred.

Initial Partners means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Partner” means any of the Initial Partners.