Examples of MLP Parties in a sentence
No labor disturbance by the employees of the Company or any of the Valero MLP Parties exists or, to the knowledge of the Company, is imminent that could reasonably be expected to have a Material Adverse Effect.
The Historical MLP Financial Statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial position of the MLP Parties as of the respective dates thereof and the results of operations and cash flows of the MLP Parties for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments.
The Company and the Valero MLP Parties maintain insurance covering their properties, operations, personnel and businesses against such losses and risks as are reasonably adequate to protect them and their businesses in a manner consistent with other businesses similarly situated.
Neither the Company nor any of the Valero MLP Parties has received notice from any insurer or agent of such insurer that material capital improvements or other material expenditures will have to be made in order to continue such insurance, and all such insurance is outstanding and duly in force on the date hereof and will be outstanding and duly in force on each Delivery Date.
Each of the MLP Parties is a limited liability company, limited partnership or corporation duly organized, validly existing, and in good standing under the Laws of the state of Delaware.