Examples of Master General Partner in a sentence
Xxxxx If to the Master General Partner: Atlas Resources, LLC 0000 Xxxxxx Xxxxxx, 00xx Xxxxx Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 Fax: (000) 000-0000 Attention: Xxxx XxXxxxx Email: XXxXxxxx@xxxxxxxxxxx.xxx Any party hereto may change its address, telecopy number or email address for notices and other communications hereunder by notice to the other parties hereto.
The Collateral Agent shall (at the Master General Partner’s sole cost and expense), upon the written request of the Master General Partner promptly deliver to the Master General Partner any UCC termination statements, mortgage releases and other documentation as the Master General Partner may reasonably request to evidence the termination and release of the Lien on such Withdrawal Right Interest.
In the event that the Collateral Agent receives insurance proceeds as a result of the loss of any Property owned by Master General Partner, the Collateral Agent shall turn over such proceeds to the First Lien Administrative Agent (and upon the Discharge of First Lien Obligations, the Second Lien Administrative Agent) for application in accordance with the terms of the Parent Intercreditor Agreement.
Provided to the Mayor and Council on June 3, 2010 for approval at the Regular Meeting to be heldJune 9, 2010 Loretta Castano, RMCBorough Clerk Prepared by Carol A.
WHEAREAS, the Master General Partner is a “Guarantor” and “Loan Party” for purposes of the Senior Credit Agreement (as such terms are defined therein).
The liability of the Master General Partner for each Hedge Transaction shall be, primary and not secondary, and joint and several with respect to each Participating Partnership that is a party to such Hedge Transaction.
There has been no event, development or circumstance that has had or could reasonably be expected to have a material adverse effect on the transactions contemplated by this Agreement and the business of the Master General Partner has been conducted only in the ordinary course of business.
In the event that the Master General Partner becomes a judgment lien creditor in respect of the Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes to the same extent as all other Liens securing the Subordinate Obligations are subject to the terms of this Agreement.
The parties hereto acknowledge that in some instances, the Master General Partner maintains insurance on behalf of the Participating Partnerships and that, in such instances, the Administrative Agent shall be named as “loss payee” with respect to Property loss insurance pursuant to the terms of the Senior Credit Agreement and the Hedging Facility Agreement.
The Master General Partner is a wholly-owned subsidiary of the Parent and is the sole general partner or sole managing member of each Participating Partnership.