Partnership Change in Control definition

Partnership Change in Control means Xxxxxxxx 66 ceases to Control the general partner of Xxxxxxxx 66 Partners LP.
Partnership Change in Control means Valero ceases to Control the general partner of the Partnership.
Partnership Change in Control shall have the meaning set forth in Section 14.5.

Examples of Partnership Change in Control in a sentence

  • Within 180 days following receipt of such Notice, Company may elect to terminate this Agreement, effective no earlier than the effective date of such Partnership Change in Control.

  • Credit facilities range in size from $1,000,000.00 to in excess of $100,000,000.00.

  • IN THE HOUSE OF REPRESENTATIVESMARCH 30, 2017Mr. SMITH of Nebraska (for himself, Mr. YOHO, Mr. TIBERI, Ms. JENKINS of Kansas, Mr. BACON, Mr. BOST, Mr. GIBBS, Mr. KING of Iowa, Mr. MARSHALL, Mr. PAULSEN, Mr. SENSENBRENNER, and Mrs.

  • Ordinary parental leave is a legal entitlement for both men and women.

  • These guides would be an excellent start for creating pacing calendars.


More Definitions of Partnership Change in Control

Partnership Change in Control means (a) a “Change in Control” as defined in the Partnership’s 2014 Incentive Stock Plan, as such plan may be adopted, amended, supplemented or restated from time to time, (b) any Person or group, other than Ultimate Parent or its Affiliates, becomes the beneficial owner, by way of merger, consolidation, recapitalization, reorganization or otherwise, of 50% or more of the combined voting power of the equity interests in the General Partner or the Partnership, (c) the Limited Partners approve, in one or a series of transactions, a plan of complete liquidation of the Partnership, (d) the sale or other disposition by either the General Partner or the Partnership of all or substantially all of its assets in one or more transactions to any Person other than the General Partner or an Affiliate of the General Partner, (e) a transaction resulting in a Person other than USD Partners GP LLC or one of its Affiliates being the general partner of the Partnership, or (f) a transaction resulting in the general partner of the Partnership ceasing to be an Affiliate of Ultimate Parent.
Partnership Change in Control means Phillips 66 ceases to Control the general partner of Phillips 66 Partners LP by virtue of any affiliate of Phillips 66 being removed as the general partner of Phillips 66 Partners LP under the terms of the limited partnership agreement of Phillips 66 Partners LP.
Partnership Change in Control means (i) any occurrence whereby the Percentage Interests directly or indirectly owned by MNG and its Affiliates and Permitted Holders become less than fifty percent (50%) of the total Percentage Interest of all Partners, after giving effect to any reduction in MediaNews’ Percentage Interest occasioned by Gannett’s availing itself of the remedy set forth in Section 12.2 of this Agreement and any additional capital contribution of newspaper assets by MediaNews pursuant to Section 12.2, or (ii) any pledgee, collateral assignee or Transferee (other than MNG and its Affiliates) of all or any portion of the Interest of MNG and its Affiliates, without the prior written consent of Gannett, seeks to be admitted as a Substitute Partner or to exercise any voting rights or other powers granted to MediaNews (including with respect to members of the Management Committee appointed by MediaNews) in this Agreement.
Partnership Change in Control means (i) Marathon Petroleum Corporation ceases to Control the general partner of MPLX LP by virtue of any Affiliate of Marathon Petroleum Corporation being removed as the general partner of MPLX LP under the terms of the limited partnership agreement of MPLX LP and (ii) any spin-off, sale, dividend, distribution or other transfer (whether direct, indirect, by operation of law or otherwise) of all or substantially all of the refining business of Marathon Petroleum Corporation or any of its Affiliates; provided, however, that notwithstanding the foregoing, an initial public offering of any interest in MPLX GP LLC (or any interest in any Person into which interests of MPLX GP LLC are converted or exchanged) shall not constitute a Partnership Change in Control.
Partnership Change in Control means Valero ceases to Control the general partner of the Partnership. (nn) “Party” means Company or Customer, individually and “Parties” means Company and Customer, collectively. (oo) “Person” means an individual or a corporation, firm, limited liability company, partnership, joint venture, trust, unincorporated organization, association, Government Authority or other entity. (pp) “Pipeline” means any pipeline owned, operated or legally accessible to Company and connected to the Terminal which is the subject of a Schedule referred to in this Agreement. (qq) “Product” or “Products” means the petroleum product(s) or other commodity(ies) specified in the Schedule. (rr) “Quarterly Deficiency Payment” has the meaning set forth in the Schedule. (ss) “Quarterly Deficiency Volume” has the meaning set forth in the Schedule. (tt) “Quarterly Surplus Volume” has the meaning set forth in the Schedule. (uu) “Railway” means any railway employed for the purpose of transporting Products to and from the Terminal. 4 (vv) “Refineries” means the Valero refineries located in Port Xxxxxx, Texas, Sunray, Texas, Memphis, Tennessee and any other Valero refinery specifically identified as such in the Schedule. The term “Refinery” means any one of the Refineries, as specified in the Schedule. (ww) “Removal Deadline” has the meaning set forth in Section 3.02(a). (xx) “Renewal Term” has the meaning set forth in Section 3.01. (yy) “Schedule” has the meaning set forth in Section 2.01. (zz) “Specifications” has the meaning set forth in the Schedule. (aaa) “Suspension Date” means the 60th Day after the commencement of a Customer Force Majeure. (bbb) “Tanks” means the storage tanks and all appurtenant and associated pipelines and pumps used in connection with the storage and handling of Products at the Terminal. (ccc) “Taxes” means all taxes (except for ad valorem taxes, property taxes, income taxes, gross receipt taxes, payroll taxes and similar taxes) including any interest or penalties attributable thereto, imposed by any Governmental Authority.
Partnership Change in Control means Valero ceases to Control the general partner of the Partnership. “Permitted Exceptions” has the meaning set forth in Section 2.2. “Partnership Group” has the meaning ascribed to such term in the Partnership Agreement. “Permitted Transferee” has the meaning set forth in Section 17.3. “Permitted Use” has the meaning set forth in Section 6.1. -3- “Permits” means all permits, licenses, franchises, authorities, consents, and approvals, as necessary under applicable Environmental Laws for operating the Terminal and/or the Premises. “Person” means any individual or entity, including any partnership, corporation, association, joint stock company, trust, joint venture, limited liability company, unincorporated organization or Governmental Authority (or any department, agency or political subdivision thereof). “Premises” means those certain tracts or parcels of land located in Memphis, Shelby County, Tennessee, more particularly described or identified on Exhibit A attached hereto and made a part hereof for all purposes. “Refinery” means the Refinery owned and operated by Lessor that is situated adjacent to the Terminal. “Refinery Site-Wide Permits” means those Permits under which Lessor, immediately prior to the Commencement Date, operated the Refinery and the Terminal. “Release” means any spilling, leaking, seeping, pumping, pouring, emitting, emptying, injecting, discharging, escaping, leaching, dumping, disposing or releasing of any Hazardous Substances into the environment (including the air, soil, surface water, or groundwater) of any kind whatsoever, but not any offsite disposal or treatment in accordance with Environmental Law. “Rental” or “Rent” has the meaning set forth in Section 4.5. “Tax Reimbursement” has the meaning set forth in Section 4.2. “Taxes” means all federal, state and local real and personal property ad valorem taxes, assessments, and other governmental charges, general and special, ordinary and extraordinary, including but not limited to assessments for public improvements or benefits assessed against the Premises, Terminal or Terminal Facilities or the use or operation thereof during the Term, including, but not limited to, any federal state or local income, gross receipts, withholding, franchise, excise, sales, use, value added, recording, transfer or stamp tax, levy, duty, charge or withholding of any kind imposed or assessed by any Governmental Authority, together with any addition to tax, penalty, fine or interest thereon. The te...
Partnership Change in Control means any transaction or series of related transactions pursuant to which any Person (or any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934)) that was not a Limited Partner as of the Effective Date or is not an Affiliate of any such Limited Partner, (a) acquires, directly or indirectly, beneficial ownership of a majority of the Class A Units and any other Equity Securities issued by the Partnership (other than the Class B Units or any Replacement Equity) or the outstanding Voting Interests in the Partnership or (b) acquires all or substantially all of the assets of the Partnership; provided that a Dropdown Transaction shall not constitute a Partnership Change in Control.