Examples of MLP Credit Agreement in a sentence
Crosstex MLP shall use its reasonable best efforts to obtain a fully executed copy of an amendment or waiver of the Crosstex MLP Credit Agreement which amends or waives the “change of control” provisions set forth therein to permit the transactions contemplated by this Agreement, including the Merger Transactions, such amendment or waiver to be effective at or prior to the closing of the Merger Transactions.
MLP agrees to use, or cause to be used, the Firm Net Proceeds to (i) repay $81.9 million of intercompany indebtedness of Cottondale and Acquisition II, (ii) pay, together with borrowings of $85.9 million under the New MLP Credit Agreement, a $144.5 million distribution to MLP Holdco, a portion of which is intended as a reimbursement of capital expenditures, and (iii) retain $45.0 million for general partnership purposes.
Such secure networks may include proxy servers with a static IP address maintained and controlled by the Licensee.
MLP agrees that upon the closing under the New MLP Credit Agreement, it will borrow, or cause to be borrowed, $174.5 million under the New MLP Credit Agreement and to use, or cause to be used, such funds (i) to repay, or cause to be repaid, all outstanding indebtedness of $82,153,121.87 under the Enviva LP Credit Agreement and to retain $85,874,769.79 million for a future distribution to MLP Holdco.
The Borrower, the Administrative Agent and the Lenders are parties to that certain MLP Credit Agreement dated as of December 19, 2014 (as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”).