Examples of Midstream MLP in a sentence
Upon the consummation of the Midstream MLP IPO, no Material Adverse Effect would reasonably be expected to occur as a result of the consummation of the Midstream MLP IPO and the other Midstream MLP IPO Transactions.
The Parent, OP LLC and the Borrower will not permit any Equity Interests of any DevCo or the General Partner (other than the Class B Units) to be directly owned by any Person other than the Parent or a Subsidiary that is a Guarantor, and in the case of the DevCos, the Midstream MLP and its subsidiaries.
The Parent, OP LLC and the Borrower will not permit any Equity Interests of any DevCo or the General Partner (other than the Class B Units) to be directly owned by any Person other than the Parent or a Restricted Subsidiary that is a Guarantor, and in the case of the DevCos, the Midstream MLP and its subsidiaries.
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The Parent, OP LLC and the Borrower will not permit any Equity Interests of any DevCo or the General Partner to be directly owned by any Person other than the Parent or a Restricted Subsidiary that is a Guarantor, and in the case of the DevCos, the Midstream MLP and its subsidiaries.
Each Subsidiary listed in Schedule 7.14 is a Restricted Subsidiary unless specifically designated as an Unrestricted Subsidiary, each Restricted Subsidiary on such schedule (other than any Drop Down OpCo) is wholly-owned by the Borrower or another Restricted Subsidiary, and 100% of the Equity Interests in each Drop Down OpCo is owned collectively by the Borrower and Midstream MLP and/or their subsidiaries.
By remaining as General Partner, refiners have maintained control over midstream operations.• Phillips 66 has the highest market premium of enterprise value over intrinsic value, validating its strategy of reinvesting refinery cash flow into growth opportunities in petrochemicals and in its new Midstream MLP (on top of DCP).
Pipeline / Midstream MLP IPOs with first year distribution growth.
The distribution of such common Equity Interests in the Midstream MLP to the holders of the Class B Units in the General Partner (the “Class B Distribution”) is not permitted by Section 9.04(a) of the Credit Agreement.
For the avoidance of doubt, the Administrative Agent may elect, in its sole discretion, to evaluate the Credit Parties’ ownership of the Midstream MLP Common Units and the value of the Aggregate Midstream Dividends in connection with its determination of the Proposed Borrowing Base; provided that, for the avoidance of doubt, in no event shall the Administrative Agent be obligated to ascribe any Borrowing Base value to the Credit Parties’ Midstream MLP Common Units or the Aggregate Midstream Dividends.