MPL Investment definition

Examples of MPL Investment in a sentence

  • Following this capital contribution, the Operating Company will hold a 51% general partner interest in MPLX Pipe Line Holdings LP and MPL Investment LLC will hold a 49% limited partner interest in MPLX Pipe Line Holdings LP.

  • MPL Investment LLC shall contribute to the Operating Company, and the Operating Company shall subsequently contribute to MPLX Terminal and Storage LLC, either an account receivable from MPL Investment LLC or an account payable to MPL Investment LLC, as the case may be, in an amount necessary to make the amount of the Current Assets of MPLX Terminal and Storage LLC equal to the amount of the Current Liabilities of MPLX Terminal and Storage LLC as of the Effective Time.

  • Notwithstanding any provision of the HSH and MPL Louisiana LLC Agreements, MPL Investment LLC is hereby admitted to each of Xxxxxx Street Holdings LLC and MPL Louisiana Holdings LLC as a member, and hereby agrees that it is bound by the HSH and MPL Louisiana LLC Agreements as a member of each of Xxxxxx Street Holdings LLC and MPL Louisiana Holdings LLC.

  • The Operating Company hereby continues as general partner of MPLX Pipe Line Holdings LP, owning a 51% general partner interest, and MPL Investment LLC hereby continues as limited partner of MPLX Pipe Line Holdings LP, owning a 49% limited partner interest.

  • Immediately following such admission, MPL Investment LLC shall and does hereby cease to be a member of the Operating Company.

  • MPL Investment LLC hereby grants, distributes, bargains, conveys, assigns, transfers, sets over and delivers to MPC Investment LLC, its successors and its assigns, for its and their own use forever, all right, title and interest in and to all of the limited liability company interests in the Operating Company, and MPC Investment LLC hereby accepts such limited liability company interests as a distribution from MPL Investment LLC and is hereby admitted as a substitute member of the Operating Company.

  • Immediately following the admission of MPLX Pipe Line Holdings LP as a member of each of Marathon Pipe Line LLC and Ohio River Pipe Line LLC, MPL Investment LLC shall and does hereby cease to be a member of each of Marathon Pipe Line LLC and Ohio River Pipe Line LLC and shall thereupon cease to have or exercise any right or power as a member of Marathon Pipe Line LLC or Ohio River Pipe Line LLC.

  • MPL Investment LLC hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to MPLX Pipe Line Holdings LP, its successors and assigns, for its and their own use forever, all right, title and interest in and to a 52.333% limited liability company interest in each of Marathon Pipe Line LLC and Ohio River Pipe Line LLC, and MPLX Pipe Line Holdings LP hereby accepts such limited liability company interests as a capital contribution from MPL Investment LLC.

  • MPLX Pipe Line Holdings LP hereby distributes $10.00 to MPL Investment LLC in redemption of a 1% limited partner interest in MPLX Pipe Line Holdings LP, and MPL Investment LLC hereby accepts such distribution and redemption.

  • MPL Investment LLC hereby continues as a member of Marathon Pipe Line LLC and Ohio River Pipe Line LLC, holding 52.333% of the limited liability company interests in each, notwithstanding any provision of the MPL LLC Agreement or the ORPL LLC Agreement.

Related to MPL Investment

  • Capital investment means an investment in real property, personal property, or both, at a

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • Initial Investment : means the amount that you initially subscribed to invest into the Plan.

  • Private Investment means a securities offering that is exempt from registration under certain provisions of the U.S. securities laws and/or similar laws of non-U.S. jurisdictions. It includes investments in hedge funds, private equity funds, limited partnerships, real estate, peer to peer lending clubs and private businesses.

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

  • covered investment means, with respect to a Party, an investment in its territory of an investor of the other Party in existence as of the date of entry into force of this Treaty or established, acquired, or expanded thereafter.

  • Total Investment means the sum of the aggregate Capital Contributions made by a Member.

  • Control Investment Affiliate as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

  • Permitted Joint Venture Investment means, with respect to an Investment by any specified Person, an Investment by such specified Person in any other Person engaged in a Permitted Business (a) over which the specified Person is responsible (either directly or through a services agreement) for day-to-day operations or otherwise has operational and managerial control of such other Person, or veto power over significant management decisions affecting such other Person and (b) of which at least 30% of the outstanding Equity Interests of such other Person is at the time owned directly or indirectly by the specified Person.

  • Joint Venture Investment means, with respect to any Obligor, any Investment by such Obligor in a joint venture or other investment vehicle in the form of a capital investment, loan or other commitment in or to such joint venture or other investment vehicle pursuant to which such Obligor may be required to provide contributions, investments, or financing to such joint venture or other investment vehicle and which Investment the Borrower has designated as a “Joint Venture Investment”.

  • Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Follow-On Investment means an additional investment in the same issuer, including, but not limited to, through the exercise of warrants, conversion privileges or other rights to purchase securities of the issuer.

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Investment Vehicles means any investment company or pooled investment fund, including, but not limited to, mutual fund families, exchange-traded funds, fund of funds and hedge funds, in which a Defendant has or may have a direct or indirect interest, or as to which its affiliates may act as an investment advisor, but of which a Defendant or its respective affiliates is not a majority owner or does not hold a majority beneficial interest.

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Investments as defined in Section 7.8.

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Minority Investment means any Person (other than a Subsidiary) in which the Borrower or any Restricted Subsidiary owns Capital Stock.

  • Widely Held Fixed Investment Trust as that term is defined in Treasury Regulations section 1.671-5(b)(22) or successor provisions.

  • Qualified Investments means any of the following if and to the extent permitted by law:

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.