MPLX Credit Agreement definition

MPLX Credit Agreement means the Credit Agreement dated as of July 21, 2017, among MPLX, the lenders party thereto and ▇▇▇▇▇ Fargo Bank, National Association, as the administrative agent, and any syndicated revolving credit agreement that replaces or refinances the foregoing, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Examples of MPLX Credit Agreement in a sentence

  • Borrowings under the MPLX Credit Agreement bear interest at either the Adjusted LIBOR or the Alternate Base Rate (as defined in the MPLX Credit Agreement), at our election, plus a specified margin.

  • The borrowing capacity under the MPLX Credit Agreement may be increased by up to an additional $500 million, subject to certain conditions, including the consent of lenders whose commitments would increase.

  • CruzTitle: Vice President [Signature Page to MPLX Credit Agreement] SIGNATURE PAGE TO CREDIT AGREEMENTOF MPLX LP Name of Institution: BARCLAYS BANK PLC by /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇▇▇▇ AitkinTitle: Assistant Vice President Name of Institution: CITIBANK, N.A. by /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ MaroneyTitle: Vice President Name of Institution: MIZUHO BANK, LTD.

  • The MPLX Credit Agreement includes certain representations and warranties, affirmative and restrictive covenants and events of default that the Partnership considers to be usual and customary for an agreement of this type.

  • ZilewiczTitle: Vice President [Signature Page to MPLX Credit Agreement] ▇▇▇▇▇ Fargo Bank, National Association $153,000,000 JPMorgan Chase Bank, N.A. $153,000,000 Bank of America, N.A. $153,000,000 Barclays Bank PLC $153,000,000 Citibank, N.A. $153,000,000 Mizuho Bank, Ltd.

  • The MPLX Credit Agreement includes certain representations and warranties, affirmative and negative covenants and events of default that we consider usual and customary for an agreement of that type and that could, among other things, limit our ability to pay distributions to our unitholders.

  • As of December 31, 2016, the Partnership was in compliance with the covenants contained in the MPLX Credit Agreement.

  • As of December 31, 2016, we were in compliance with this financial covenant with a ratio of Consolidated Total Debt to Consolidated EBITDA of 3.26 to 1.0, as well as all other covenants contained in the MPLX Credit Agreement.

  • In connection with entering into the above mentioned MPLX Credit Agreement in 2014, the Partnership terminated its previously existing $500 million five-year MPLX Operations bank revolving credit agreement, dated as of September 14, 2012.

  • As of December 31, 2015, the Partnership was in compliance with the covenants contained in the MPLX Credit Agreement.