Examples of SE Corp in a sentence
There is no investment banker, broker, finder or other intermediary that has been retained by or is authorized to act on behalf of SEP or any of its Affiliates who is entitled to any fee or commission from SEP or any of its Affiliates in connection with the Transactions for which SE Corp or any of its Affiliates would be liable.
SEP and SE Corp shall cooperate in preparing and timely filing with the required Tax Authorities all Tax Returns for or with respect to such Transfer Taxes.
This Agreement shall be binding upon and inure to the benefit of SEP and SE Corp and their respective successors, legal representatives and permitted assigns.
As noted above, Enbridge acquired SE Corp in February 2017 in a stock-for-stock merger transaction and was the ultimate parent of SEP and SEP GP for the timeframe relevant to the Roll-Up.
SE Corp shall, and shall cause its Affiliates to, provide reasonable cooperation to SEP in connection with SEP’s efforts to obtain each Replacement Credit Support pursuant to this Section 6.7.
SE Corp, as the ultimate parent of SEP GP, is an “Affiliate” of SEP GP under the terms of the LPA.
Instead, the Partnership only possessed (and ultimately transferred to SE Corp) the pipeline assets minus the contractually obligated future IDR payments to SEP GP (and consequently to its ultimate parent SE Corp).
This argument is facially appealing: I have already found that the delta between market value and the consideration for the Transaction is sufficient to imply bad faith on the part of the General Partner; those facts regarding value were known to SE Corp at the time it made the initial offer and when the Transaction was consummated.
The implied covenant claim is therefore dismissed.C. The Tortious Interference Claim Count VI alleges tortious interference by SE Corp with the LPA.152 The elements of a claim of tortious interference with a contract are well-established.
But for the offer by SE Corp, under this theory, the breach would not have occurred.