ROFR Option Period definition

ROFR Option Period has the meaning set forth in Section 3.2(c)(i) hereof.

ROFR Option Period is defined in Section 2.01(a).

ROFR Option Period has the meaning set forth on Section 1.2 of Exhibit E attached hereto.

Examples of ROFR Option Period in a sentence

• A failure to advise the SXL GP Interest Owner of its election prior to the expiration of the ROFR Option Period shall be deemed to constitute an election not to acquire the SXL GP Interest.

• The ETE Parties shall advise the SXL GP Interest Owner in writing (the “Purchase Right Acceptance Notice”) of their intent to purchase the SXL GP Interest prior to the expiration of the ROFR Option Period.

• If, during the ROFR Option Period, the ETE Parties elect to acquire the Subject Interest at the price and subject to the terms and conditions set forth in the Sale Notice (upon such election, the “ ROFR Accepting Party”), then such ROFR Accepting Party and the Selling Party shall close such transaction no later than the later to occur of (A) the closing date set forth in the Sale Notice and (B) ninety (90) days after the Selling Party receives the ROFR Acceptance Notice.

• If the ETE Parties elect not to acquire the Subject Interest or the ETE Parties fail to make an election before the expiration of the ROFR Option Period, the Selling Party may Transfer the Subject Interest to the proposed Transferee named in the Sale Notice upon the terms and conditions described in the Sale Notice and in accordance with this Section 2.01(c).

• A failure to advise the Selling Party in writing before the expiration of the ROFR Option Period as to whether or not the ETE Parties will acquire all of the Subject Interest pursuant to the preceding sentence shall be deemed to constitute an election not to acquire the Subject Interest.

More Definitions of ROFR Option Period

ROFR Option Period shall have the meaning set forth in Section 13.5(a).

ROFR Option Period has the meaning set forth in Section 5.5(b)(ii).

ROFR Option Period is defined in Section 10.07(b).

ROFR Option Period has the meaning set forth in Section 3.2(b)(i) hereof.

ROFR Option Period has the meaning set forth in Section 4.2(b). “ROFR Purchase Price” has the meaning set forth in Section 4.2(a). “ROFR Purchaser” has the meaning set forth in Section 4.2.

ROFR Option Period is defined in Section 2.01(a). 3 “Sale Notice” is defined in Section 2.01(a). “Securities Act” means the Securities Act of 1933, as amended. “Selling Party” is defined in Section 2.01(a). “Subject Interest” is defined in Section 2.01(a). “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or other business entity of which a majority of the Voting Interests are at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. “Sunoco GP” is defined in the recitals to this Agreement. “SXL” is defined in the recitals to this Agreement. “SXL Board” is defined in Section 2.03(b). “SXL GP Interest” is defined in the recitals to this Agreement. “SXL GP Interest Owner” is defined in Section 2.02(a). “SXL IDRs” is defined in the recitals to this Agreement. “SXL Partnership Agreement” means the Third Amended and Restated Agreement of Limited Partnership of Sunoco Logistics Partners, L.P. dated as of January 26, 2010, as amended by Amendment No. 1 thereto dated July 1, 2011 and Amendment No. 2 thereto dated November 21, 2011, as the same may be further amended or restated from time to time. “Transfer” of a security shall be deemed to have occurred if a Person directly or indirectly: (i) sells, pledges, encumbers, grants an option with respect to, transfers, distributes or disposes of such security or any interest in such security; (ii) enters into an agreement or commitment contemplating the possible sale of, pledge of, encumbrance of, grant of an option with respect to, transfer of, distribution of or disposition of such security or any interest therein; or (iii) deposits any such security or any interest therein into a voting trust, or enters into a voting agreement or arrangement with respect to any such security or any interest therein; provided, however, that for purposes of this Agreement, a Transfer shall not include any pledge of any Subject Interest by ETP or any of its Subsidiaries pursuant to the terms of any credit facility or other financing arrangement. “Transferee” means any Person that receives any of the Subject Interest through a Transfer. “Unit Swap Effective Date” means the date on which the transactions contemplated by the Exchange Agreement are consummated. “Voting Interests” of any Person as of any date means (i) the equity interests of such Person pursuant to which the holders thereof have the...

ROFR Option Period means twenty (20) Business Days after the Receiving Party or Parties receive the Offer.