Examples of MLP Board in a sentence
The Agreement shall commence as of the Effective Date written above, and shall continue until the Board of Directors of ML&P ("Board") determines, in good faith and in its sole discretion, that the Executive is no longer to be included in the Plan and so notifies in writing the Executive during the term of this Agreement of such determination.
On the Effective Date, the MLP Board shall be reorganized (and all necessary documents executed) to provide the Supporting Common Interest Holders and Consenting Term Lenders with representation equal in number to such parties’ representation on the Reorganized Holdco Board; provided, however that the composition of the MLP Board shall comply in all respects with the MLP Organizational Documents, including with respect to independent directors.
Such positions, and the provision of services associated with such positions, terminate immediately upon delivery by the MLP Board of written notice to the Operating Company.
Notwithstanding the foregoing and as provided in Schedule C, the arrangement with respect to the positions held, and the provision of services associated with such positions, by any or all of the Managers may be terminated at any time with respect to any or all of such Managers by the MLP Board in its sole discretion.
Without limiting the generality of the foregoing, but subject to Section 5.3, MLP’s obligations pursuant to this Section 5.1(b) shall not be affected by (i) the commencement, public proposal, public disclosure or communication to MLP of any Alternative Proposal or (ii) the withdrawal or modification by the MLP GP Board or any committee thereof of the MLP Board Recommendation or the MLP GP Board’s or such committee’s approval of this Agreement or the transactions contemplated hereby.
The Proxy Statement shall include a copy of the MLP Fairness Opinion and (subject to Section 5.3) the MLP Board Recommendation.
The MLP Board, at a meeting duly called and held, has by unanimous vote of the members of the MLP Board present, has (a) determined that this Agreement and the MLP Merger Transactions are advisable, fair to and in the best interests of MLP and the MLP Unitholders; (b) approved this Agreement and the MLP Merger Transactions; (c) directed that this Agreement be submitted to the MLP Unitholders for adoption; and (d) recommended that this Agreement be adopted by the MLP Unitholders.
The MLP Board at a meeting duly called and held, has by unanimous vote of those directors present, (i) determined that this Agreement and the transactions contemplated hereby are advisable, fair to and in the best interests of MLP and the holders of MLP Common Units and MLP Subordinated Units, (ii) approved this Agreement and (iii) recommended that the Merger and this Agreement be approved and adopted by the holders of MLP Common Units and MLP Subordinated Units.
Unless there has been an MLP Recommendation Change, (i) the MLP Parties shall use their reasonable best efforts to solicit and obtain the MLP Unitholder Approval; and (ii) the MLP Parties shall include in the Proxy Statement/Prospectus the recommendation by the MLP Board of the adoption of this Agreement by the Holders of MLP Units (the “MLP Recommendation”).
The MLP Parties shall be required to cause the MLP Unitholders’ Meeting be called and held even if the MLP Board (or the MLP Conflicts Committee) effected an MLP Recommendation Change.