MLP Asset Transfer definition

MLP Asset Transfer means any contribution or other disposition of property or assets (including Equity Securities of any Person) by Parent, the Borrower or any Restricted Subsidiary to the MLP or one or more MLP Subsidiaries.
Sample 1Sample 2Sample 3
MLP Asset Transfer means the direct or indirect sale, conveyance, transfer or other disposition of property or assets (including any Equity Interests of any Person) by the Company or any Restricted Subsidiary to one or more MLPs or MLP Subsidiaries.
Sample 1Sample 2Sample 3
MLP Asset Transfer means the sale, transfer or other disposition of assets by the Borrower or any Subsidiary to (a) an MLP, (b) a subsidiary of an MLP or (c) a subsidiary of the Borrower which is a partner in an MLP and which, substantially contemporaneously, contributes such assets to the capital of such MLP.
Sample 1

Examples of MLP Asset Transfer in a sentence

  • For purposes of calculating the Fair Market Value of (a) any Person or (b) any assets or property transferred to any Person and (c) any Equity Interests in a Person with respect to any MLP Asset Transfer, any Indebtedness that is owed by such Person to the Borrower or any Subsidiary shall be disregarded and shall not be reflected in such calculation to reduce the Fair Market Value of such assets or property, Person or Equity Interests in such Person, as the case may be.

  • For purposes of calculating the fair market value of any assets or property transferred to any Person, any Person and any Equity Interests in a Person with respect to any MLP Asset Transfer, any Indebtedness that is owed by such Person to the Company or any Restricted Subsidiary shall be disregarded and shall not be reflected in such calculation to reduce the fair market value of such assets or property, Person or Equity Interests in such Person, as the case may be.

  • For purposes of calculating the Fair Market Value of (a) any Person, (b) any assets or property transferred to any Person and (c) any Equity Interests in a Person with respect to any MLP Asset Transfer, any Indebtedness that is owed by such Person to the Issuer or the Restricted Subsidiary that is the transferor shall be disregarded and shall not be reflected in such calculation to reduce the Fair Market Value of such Person or such assets or property or Equity Interests in such Person, as the case may be.

  • All Equity Interests received by the Company or any Restricted Subsidiary as a result of any Permitted MLP Transfer that is a MLP Asset Transfer shall be held by the Company or such Restricted Subsidiary, as the case may be, until such time as any such Equity Interest is sold, conveyed, transferred or otherwise disposed of pursuant to this covenant.

  • For avoidance of doubt, the parties agree that in determining whether the conditions set forth in this clause (c) are met, such conditions need not be met at any individual stage of transfers involved in such MLP Asset Transfer so long as such conditions are met upon the completion of such MLP Asset Transfer within a reasonable period of time not to exceed forty-five days (or such longer period of time as is satisfactory to the Administrative Agent), whether accomplished in one step or in multiple steps.


More Definitions of MLP Asset Transfer

MLP Asset Transfer means the sale, transfer or other disposition of floating infrastructure assets and other assets not comprised of Oil and Gas Properties or interests in Hydrocarbons by the Borrower or any Subsidiary to (a) an MLP, (b) a subsidiary of an MLP or (c) a subsidiary of the Borrower which is a partner in an MLP and which, substantially contemporaneously, contributes such assets to the capital of such MLP.
Sample 1
MLP Asset Transfer means the initial transfer of assets by the Issuer or any Restricted Subsidiary (which may include Equity Interests) to an MLP or other MLP Entities in connection with MLP Formation Transactions and any subsequent transfer of assets (which may include Equity Interests) to such MLP or other MLP Entities.
Sample 1

Related to MLP Asset Transfer

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Transfer Assets means both the Movable Assets and immovable assets, fully operational and functional, of the Project which are necessary or required for the performance of services and such other assets as Concessionaire procures in accordance with the provisions of this Agreement and shall specifically include all land, property and structures thereupon acquired during the term, all equipment and services, furnishings, etc. in relation to the operation of the Project, as existing on the date of Termination.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Excluded Transfer means any transfer of VMTP Shares (1) to a tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Exempt Transfer means, in relation to shares held by a member:

  • Budget transfer means transfer of funding within a function / vote.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Qualified Securitization Transaction means any transaction or series of transactions that may be entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to:

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

  • Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Asset Sale Agreement means that certain Asset Sale Agreement between Buyer and Seller, dated as of the date hereof.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Contributed Interests has the meaning set forth in the recitals to this Agreement.

  • Distribution Transaction means any distribution of equity securities of a Subsidiary of the Company to holders of Common Stock, whether by means of a spin-off, split-off, redemption, reclassification, exchange, stock dividend, share distribution, rights offering or similar transaction.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • sale and repurchase transactions means transactions whereby a Sub-Fund sells its Securities to a counterparty of Reverse Repurchase Transactions and agrees to buy such Securities back at an agreed price with a financing cost in the future.