Logistics Opco definition
Examples of Logistics Opco in a sentence
HIP LP hereby transfers a (a) [ ]% limited partner interest in HTGP Opco to HTGP GP, which limited partner interest is hereby re-designated as a general partner interest in HTGP Opco, and (b) [ ]% limited partner interest in Logistics Opco to Logistics GP, which limited partner interest is hereby re-designated as a general partner interest in Logistics Opco.
Logistics GP hereby contributes to Logistics Opco, as a capital contribution, an amount in cash equal to $[ ] million in exchange for an additional [ ]% general partner interest in Logistics Opco, and Logistics Opco hereby accepts such capital contribution.
HIP LP hereby covenants that it shall pay all of the costs necessary to complete (a) each of the Uncompleted Projects of HTGP Opco, Gathering Opco and Logistics Opco set forth on Exhibit A in accordance with the applicable provisions of the HTGP Opco Partnership Agreement, Gathering Opco Partnership Agreement or Logistics Opco Partnership Agreement, as applicable, and (b) each of the Uncompleted Projects of Mentor LLC set forth on Exhibit A.
Following the contributions set forth in this Section 2.12, the Logistics Percentage Equity Interest of HIP LP and Logistics GP shall be as set forth on Exhibit A of the Logistics Opco Partnership Agreement.
HIP LP hereby transfers a (a) 19% limited partner interest in HTGP Opco to HTGP GP, which limited partner interest is hereby re-designated as a general partner interest in HTGP Opco, and (b) 19% limited partner interest in Logistics Opco to Logistics GP, which limited partner interest is hereby re-designated as a general partner interest in Logistics Opco.
HIP LP agrees that all such costs shall be its sole obligation and that it shall not, to the fullest extent permitted by law, be entitled to any recovery or reimbursement for such costs; provided, however, that HIP LP shall not be obligated to pay any amounts attributable to any Uncompleted Project on which HTGP Opco, Gathering Opco, Logistics Opco or Mentor LLC, as applicable, has not commenced work as of the second anniversary of the Closing Date.
HIP LP hereby covenants that it shall pay all of the costs, as and when directed by Logistics GP, that are associated with retrofitting any crude oil rail cars owned by Logistics Opco or any of its subsidiaries as of the Closing Date (“Other Projects”), including all costs associated with the Other Projects set forth on Exhibit A, to the extent that such costs are reasonably necessary in order to comply with the Final Rule or any other similar laws or regulations in effect as of the Closing Date.
After taking into account the distribution by Logistics Opco in satisfaction of the Logistics Reimbursement Obligation and Logistics GP’s satisfaction of its Logistics Contribution Obligation, the Logistics Percentage Equity Interest of Oil Export ▇▇▇▇▇ and Logistics GP shall be as set forth on Exhibit A of the Logistics Opco Partnership Agreement.
Logistics Opco, in turn, hereby distributes (i) 1% of the receivables received from Logistics Holdings LLC to its sole general partner, Logistics GP, and (ii) 99% of the receivables received from Logistics Holdings LLC to its sole limited partner, Oil Export ▇▇▇▇▇.
Logistics GP hereby contributes to Logistics Opco, as a capital contribution, an amount in cash equal to $[ ] in satisfaction of the Logistics Contribution Obligation and in exchange for an additional [ ]% general partner interest in Logistics Opco, and Logistics Opco hereby accepts such capital contribution.