Examples of New Omnibus Agreement in a sentence
Subject to the provisions of Section 7.5 and Article III of the New Omnibus Agreement, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Limited Partners or Assignees, any Limited Partner or Assignee shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership Group.
After the Effective Date, each Reorganized Debtor may amend and restate its certificate of incorporation and other formation and constituent documents as permitted by the laws of its respective jurisdiction of formation and the terms of the New Omnibus Agreement, the Registration Rights Agreement, the other New Organizational Documents, and the New Warrant Agreement.
GP shall pay, or cause WEG to pay, WEG Acquisitions for the amount of any direct or indirect expenses incurred by WEG Acquisitions in connection with its or its Affiliates performance of the Services (the “Payment Amount”), it being understood and agreed that nothing in this Section 4.01 shall be deemed to amend or modify the provisions of the New Omnibus Agreement or the Purchase Agreement.
Set forth on Schedule 2.5(a) hereto is a complete and accurate list of all policies of insurance currently maintained by the Xxxxxxxx Parties which were purchased to provide coverage solely for the business, assets and properties of the Magellan Parties, as described in the "Prospectus" (as defined in the New Omnibus Agreement), for which a Xxxxxxxx Party or an affiliate is the named insured or is an additional named insured (the "MMP Policies).
Set forth on Schedule 2.5(a) hereto is a complete and accurate list of all policies of insurance currently maintained by the Xxxxxxxx Parties which were purchased to provide coverage solely for the business, assets and properties of the Magellan Parties, as described in the “Prospectus” (as defined in the New Omnibus Agreement), for which a Xxxxxxxx Party or an affiliate is the named insured or is an additional named insured (the “MMP Policies).
AZURE MIDSTREAM PARTNERS, LP AND AZURE SYSTEM PREDECESSOR NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Expenses under the New Omnibus Agreement, which are included within general and administrative expenses within the condensed consolidated statements of operations, were $0.7 million for the three months ended June 30, 2015 and $1.1 million for the period March 1, 2015 to June 30, 2015.
Azure may also terminate the New Omnibus Agreement if the General Partner is removed without cause and the units held by the General Partner were not voted in favor of the removal; and •The Partnership will have a right of first offer on any proposed transfer of any assets owned by Azure or its subsidiaries as of January 14, 2015.
The parties hereto acknowledge and agree that the amounts set forth under the headings “Portion of Monthly Fee allocable to G&A Reimbursement” in the attached Exhibit A are included only for purposes of determining the amounts not subject to the limitations on reimbursement for general and administrative expenses under Section 7.2(b)(iii) of the New Omnibus Agreement.
The Partnership’s environmental indemnities with Williams, as described under New Omnibus Agreement below and in Note 8—Commitments and Contingencies, are still in effect; however, Magellan Midstream Holdings is responsible for certain identified environmental matters up to approximately $21.9 million.
The G&A portion of paid-time-off expense accrual and the charges in excess of the G&A expense cap represent G&A expenses charged against our income during the periods presented that were required to be reimbursed to us by our general partner under the terms of the New Omnibus Agreement.