Examples of POPB Pipeline in a sentence
The limited liability company membership interests of POPB Marketing and POPB Pipeline issued and outstanding immediately prior to the Effective Time shall remain outstanding as of and following the Effective Time in the form of limited liability company membership interests of the Marketing Subsidiary and the Pipeline Subsidiary, respectively, and shall continue to be held by the Company.
Schedule 4.1(d) of the Plains Disclosure Schedules sets forth a true, correct and complete list of all Persons, other than the Plains Joint Venture, in which the Company Parties will directly or indirectly own any equity interests after giving effect to transactions contemplated by the Divisive Merger Agreements (together with the Company, POPB Marketing and POPB Pipeline, the “Company Group”).
Prior to giving effect to the Contemplated Transactions, PPLP directly owns all of the limited liability company membership interests in the Company, and the Company directly owns all of the limited liability company membership interests in POPB Marketing and POPB Pipeline, in each case, free and clear of all Encumbrances, other than those that may be imposed by federal or state securities Laws.
Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, all the property, rights, privileges, powers and franchises of each of POPB Pipeline and Oryx Holdings shall vest in the Pipeline Subsidiary, and all debts, liabilities, obligations, restrictions and duties of each of POPB Pipeline and Oryxshall become the debts, liabilities, obligations, restrictions and duties of the Pipeline Subsidiary.
The latest inci dent reported in the French Press is yet another example of the lack of respect for those escaping from the iron grips of Italian Fascism.
POPB Pipeline, as the holder of the membership interests in Oryxafter the Pipeline Sub Contribution, is hereinafter sometimes referred to as the “Pipeline Subsidiary”.
Upon the terms and subject to the conditions of the Divisive Merger Agreements, no later than immediately prior to the Effective Time, PPLP, PMLP, POPB Marketing and POPB Pipeline will consummate the transactions contemplated by the Divisive Merger Agreements, including by filing the certificates of merger contemplated thereby.
As a result of the Pipeline Sub Contribution, POPB Pipeline shall own 100% of the issued and outstanding limited liability company membership interests in Oryxand, indirectly, its subsidiaries.
Upon the terms and subject to the conditions of this Agreement, at the Effective Time, Oryx Holdings will contribute Oryx to POPB Pipeline pursuant to the Oryx Holdings Contribution Agreement (the “ Pipeline Sub Contribution” and together with the Marketing Sub Merger, the “Mergers”).