Examples of MLP Parent in a sentence
The properties of Obligors and their Restricted Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of an Obligor or Restricted Subsidiary, in such amounts, with such deductibles and covering such risks as are, in the reasonable business judgment of the management of MLP Parent, adequate for Obligors and their Restricted Subsidiaries.
If a Restricted Subsidiary of MLP Parent is designated as an Unrestricted Subsidiary pursuant to Section 9.4.1 (including, without limitation, any MLP Subsidiary or Exclusive Entity), the aggregate fair market value of all outstanding Investments owned by MLP Parent and its Restricted Subsidiaries in the former Restricted Subsidiary so designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation that must comply with Section 9.2.2 hereof.
Each Borrower (other than MLP Parent) and Guarantor is a Subsidiary of MLP Parent.
Permit MLP Parent to own, directly or indirectly, less than 100% of the Equity Interests of each Obligor except as a result of a permitted Disposition.
Set forth on Schedule 8.1.13(b) is a complete and accurate list as of the Closing Date with respect to MLP Parent and each of its direct and indirect Subsidiaries of (a) its jurisdiction of formation or organization, (b) the percentage of the outstanding Equity Interests of each class issued by such Person and owned (directly or indirectly) by each Consolidated Party, and (c) whether it is an Immaterial Subsidiary, an Unrestricted Subsidiary, an MLP Subsidiary and/or an Exclusive Entity.
Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to MLP Parent and its Subsidiaries.
Permit MLP Parent to own, directly or indirectly, less than 100% of the Equity Interests of each Obligor except as a result of a permitted Disposition; provided, that for so long as the Refinery Asset Borrowing Base Component is greater than $0, MLP Parent shall own, directly or indirectly, 100% of the Equity Interests of Calumet Montana.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the MLP Parent.
Immaterial Subsidiary — any Subsidiary of the MLP Parent which (a) for the most recent Fiscal Year of the Consolidated Parties had less than $5,000,000 of revenues and (b) as of the end of such Fiscal Year was the owner of less than $5,000,000 of assets, all as shown on the consolidated financial statements of the Consolidated Parties for such Fiscal Year.
Set forth on Schedule 9.1.13(b) is a complete and accurate list as of the Closing Date with respect to the MLP Parent and each of its direct and indirect Subsidiaries of (a) its jurisdiction of formation or organization, and (b) the percentage of the outstanding shares of each class issued by such Person and owned (directly or indirectly) by the Consolidated Parties.