Examples of PennTex JV in a sentence
Section 1.01 of the Credit Agreement shall be amended by replacing the phrase “, PennTex JV, and/or one or more of their respective Affiliates” appearing in the definition of the terms “Contribution Agreement” and “Contribution Agreements” with the phrase “and/or one or more of its Affiliates”.
The Financial Statements referred to in clauses (ii) and (iii) of the immediately preceding sentence reflect the carve out balance and activities from PennTex JV that relate to the construction of the Lincoln Parish Plant and the associated Midstream Properties.
The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrower and the Lenders, counterparts of the attached consent and acknowledgment duly executed by each Guarantor, and fully executed copies of corresponding amendments to the PennTex Development Credit Facility and the PennTex JV Credit Facility, each in form and substance satisfactory to the Administrative Agent.
Notwithstanding anything in the NLA Operating LLC Agreement to the contrary, pursuant to this conveyance, (i) the Partnership is hereby admitted as the sole member of NLA Operating, and agrees that it is bound by the NLA Operating LLC Agreement, (ii) PennTex JV hereby ceases to be a member of NLA Operating immediately following the Partnership’s admission as described in clause (i), and (iii) NLA Operating hereby continues without dissolution with the Partnership as the sole member.
The Partnership shall have 45 days following receipt of the PennTex JV ROFO Notice to propose an offer to enter into the PennTex JV Proposed Transaction with such PennTex JV Entity (the “PennTex JV ROFO Response”).
The PennTex JV ROFO Response shall set forth the terms and conditions (including, without limitation, the purchase price the Partnership proposes to pay for the PennTex JV ROFO Asset and the other terms of the purchase) pursuant to which the Partnership would be willing to enter into a binding agreement for the PennTex JV Proposed Transaction.
The PennTex JV ROFO Notice shall include such information as would be reasonably sufficient to enable the Partnership to make a responsive offer to enter into the PennTex JV Proposed Transaction with the applicable PennTex JV Entity, which terms, conditions and details shall include any material terms, condition or other details that such PennTex JV Entity would propose to provide to non-Affiliates in connection with the PennTex JV Proposed Transaction.
Xxxxx Facsimile: (000) 000-0000 E-mail: xxxxxx@xxxxxxx.xxx If to PennTex JV: 00000 Xxxxxxxxxxx Xxxx, Xxxxx 000 Xxxxxxx, Xxxxx 00000 Attn: Xxxxxxx X.
The Parties acknowledge (a) the payment by the Partnership, in connection with the closing of the Initial Public Offering, of transaction expenses in the amount of approximately $[•] million and (b) the distribution by the Partnership of $[•] million to PennTex JV as a reimbursement of capital expenditures incurred with respect to the Contributed Assets.
If no PennTex JV ROFO Response is delivered by the Partnership within such 45-day period, then the Partnership shall be deemed to have waived its right of first offer with respect to such PennTex JV ROFO Asset, and the applicable PennTex JV Entity shall be free to enter into a PennTex JV Proposed Transaction with any third party on terms and conditions no more favorable than those set forth in the Parent ROFO Notice.