Examples of MLP IPO in a sentence
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.
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 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.
No liability to the PBGC (other than for the payment of current premiums which are not past due) by the Borrower (or following the Parent MLP IPO, the Parent MLP) or any ERISA Affiliate has been or is expected by the Borrower (or following the Parent MLP IPO, the Parent MLP) or any ERISA Affiliate to be incurred with respect to any Plan.