MLP IPO definition
Examples of MLP IPO in a sentence
Upon the closing of the MLP IPO, the Board shall have an audit committee comprised of three Directors, at least one of whom shall be an Independent Director.
Unless permitted otherwise pursuant to the Securities Exchange Act and the rules and regulations of the SEC thereunder and by the principal National Securities Exchange on which the securities of the MLP are listed, the Board shall include at least one Independent Director as of the closing date of the MLP IPO, at least two Independent Directors within 90 days of such closing date and at least three Directors within one year of such closing date.
Unless permitted otherwise pursuant to the Securities Exchange Act and the rules and regulations of the SEC thereunder and by the principal National Securities Exchange on which the securities of the MLP are listed, the Board shall include at least one Independent Director as of the closing date of the MLP IPO, at least two Independent Directors within 90 days of such closing date and at least three Independent Directors within one year of such closing date.
Also upon the closing of the MLP IPO, the Board shall have a conflicts committee in accordance with the MLP Agreement, comprised of at least one Independent Director.
The Borrower will pay the Notes according to the reading, tenor and effect thereof, and the Borrower (and following the Parent MLP IPO, the Parent MLP) will and will cause each Restricted Subsidiary to do and perform every act and discharge all of the obligations to be performed and discharged by them under the Loan Documents and this Agreement, at the time or times and in the manner specified.