SemCrude Pipeline definition

SemCrude Pipeline means SemCrude Pipeline, L.L.C., a Delaware limited liability company.

SemCrude Pipeline has the meaning assigned to such term in the recitals.

SemCrude Pipeline means SemCrude Pipeline, LLC, a Delaware limited liability company.

Examples of SemCrude Pipeline in a sentence

• The Partnership Parties have substantial experience in analyzing and investing in entities like SemCrude Pipeline and are capable of evaluating the merits and risks of their investment in SemCrude Pipeline.

• No proceeding is pending or, to the Contributing Parties’ Knowledge, threatened with respect to any alleged failure by SemCrude Pipeline or White Cliffs Pipeline to have any material Permit necessary for the operation of any of SemCrude Pipeline’s or White Cliffs Pipeline’s assets or the conduct of their respective businesses or to be in material compliance therewith.

• Except as set forth in Disclosure Schedule 3.7 and as would not, individually or in the aggregate, have (or be reasonably expected to have) a Material Adverse Effect, SemCrude Pipeline and White Cliffs Pipeline each has good and valid title to its respective property interests and the assets used or necessary to conduct their respective businesses as presently conducted, free and clear of any Liens, except for any Permitted Liens.

• Each such contract or agreement for SemCrude Pipeline or White Cliffs Pipeline shall be referred to herein as a “SEC Contract”.

• None of the Contributing Parties or their Affiliates has entered (directly or indirectly) into any agreement with any Person that would obligate the Partnership Parties, SemCrude Pipeline or White Cliffs Pipeline to pay any commission, brokerage or “finder’s fee” or other fee in connection with this Agreement, the Contributing Parties Ancillary Documents or the transactions contemplated hereby or thereby.

• Aggregation can take many forms, including the indexing of fresh news content from one or more websites, by engines of various kinds.

• None of the Partnership Parties have entered (directly or indirectly) into any agreement with any Person that would obligate any of the Contributing Parties, any of their Affiliates, SemCrude Pipeline or White Cliffs Pipeline to pay any commission, brokerage or “finder’s fee” or other fee in connection with this Agreement, the Partnership Ancillary Documents or the transactions contemplated hereby or thereby.

• Notwithstanding anything to the contrary herein, any franchise Tax paid or payable with respect to SemCrude Pipeline or White Cliffs Pipeline shall be allocated to the taxable period during which the income, operations, assets or capital comprising the base of such Tax is measured, regardless of whether the right to do business for another taxable period is obtained by the payment of such franchise Tax.

• None of the employees of the Contributing Parties or their Affiliates who provide exclusive or shared services to SemCrude Pipeline, White Cliffs Pipeline or with respect to their assets (collectively, the “Associated Employees”) are covered by a collective bargaining agreement.

• Other than as set forth in the immediately preceding sentence, SemCrude Pipeline does not own any equity interest, directly or indirectly, in any Person.

More Definitions of SemCrude Pipeline

SemCrude Pipeline means SemCrude Pipeline, L.L.C., a Delaware limited liability company. “White Cliffs” shall mean White Cliffs Pipeline, L.L.C., a Delaware limited liability company.