Examples of Partnership Group Companies in a sentence
For the purposes of clarity, the GSO Investor shall be deemed not to violate this Section 5.10 if it or any of its Affiliates shall invest in a fund or other entity, whether or not the GSO Investor Controls such fund or entity that makes an investment that directly or indirectly competes with the Company, its Subsidiaries or the Partnership Group Companies.
With respect to a transfer by SN Maverick or any Xxxxxxx Vehicle, the Class B Member shall be permitted to cause the Partnership Group Companies to participate in the subject Tag-Along Transaction (as such term is defined in the Joint Development Agreement and the Xxxxxxx Letter Agreement) pursuant to the Joint Development Agreement or the Xxxxxxx Letter Agreement.
The Partnership shall use the proceeds from the issuance of such Preferred Units to the GSO Partner solely to repay outstanding Indebtedness of any of the Partnership Group Companies under any of the Senior Debt Agreements or any other agreements governing any material Indebtedness of any of the Partnership Group Companies (including a Replacement Credit Agreement) so as to remedy the applicable condition(s) described in clauses (a) and (b) of this Section 5.8.
The Company (in its capacity as the general partner of the Partnership) and the Partnership Group Companies have maintained and will maintain their respective books, records, resolutions and agreements as official records.
Failure by the Company (in its capacity as the general partner of the Partnership) or the Partnership Group Companies to comply with any of the obligations set forth in this Section 5.13(b) shall not affect the status of the Company, the Partnership and each other Partnership Group Company as a separate legal entity, each with its separate assets and separate liabilities.
Except for cases in which the approval or determination of the Sole Member is required by this Agreement or by non-waivable provisions of applicable law, including the Act, the powers, business and affairs of the Company that relate to management and control of the Partnership Group Companies shall be exercised by or under the authority of, and such business and affairs of the Company shall be managed under the direction of, a single board of directors (the “Board”).
Such consolidation shall not affect the status of the Company and its Subsidiaries or the Partnership Group Companies as separate legal entities with its separate assets and separate liabilities.
Each Member recognizes and acknowledges that it has received and may in the future receive certain confidential and proprietary information and trade secrets of Xxxxxxx Parent and its Subsidiaries, the Company and its Subsidiaries, the Partnership Group Companies and the Members (including their respective predecessors) (the “Confidential Information”).
The Company shall cause the Partnership Group Companies to comply with contracts and agreements to which they are a party.
SN Parent shall not, and shall cause each Xxxxxxx Vehicle not to, agree to any “Equitable Division” (as defined in the Joint Development Agreement) that would result in a material adverse effect to “Existing Producing Xxxxx” (as defined in the Joint Development Agreement) or related offset locations owned by the Partnership Group Companies without the prior written consent of UnSub.