Examples of SemGroup Holdings in a sentence
In the objection, Manchester argued that the Plan of Reorganization should not be confirmed because it did not provide for an alleged $50 million claim of SemGroup Holdings, L.P. against SemCrude Pipeline, L.L.C. On October 28, 2009, the bankruptcy court overruled the objection and entered the confirmation order approving the Plan of Reorganization.
SemGroup Holdings subsequently offered 12,500,000 common units pursuant to a public offering at a price of $22 per unit.
At the Closing Date and after giving effect to the Pre-Offering Transactions, SemGroup Holdings will have valid title to the Firm Units, free and clear of all Liens, and will have the legal right and power to sell, transfer and deliver the Firm Units or a valid security entitlement in respect of such Firm Units, as the case may be.
SemGroup Holdings has all requisite partnership power and authority to sell and deliver the Firm Units to the Underwriters, in accordance with and upon the terms and conditions set forth in this Agreement, the Partnership Agreement, the Disclosure Package and the Prospectus (it being understood that counsel shall only be required to provide the opinion in this sentence if the Underwriters exercise their option contained in Section 3(b) of this Agreement).
SemGroup Holdings is the sole initial Member of the Company as reflected in Exhibit A attached hereto.
SemGroup Holdings has all requisite partnership power and authority to sell and deliver the Firm Units to the Underwriters, in accordance with and upon the terms and conditions set forth in this Agreement, the Partnership Agreement, the Disclosure Package and the Prospectus.
The Partnership distributed $136.5 million, net of debt issuance costs of $1.0 million, advanced under the credit agreement to SemGroup Holdings.
SemGroup Holdings shall act as the “tax matters partner” of the Company pursuant to Section 6231(a)(7) of the Code (the “Tax Matters Member”).
On October 21, 2009, Manchester Securities Corporation, a creditor of SemGroup Holdings, L.P. (a subsidiary of SemGroup), filed an objection to the Plan of Reorganization.
The Partnership has all requisite partnership power and authority to issue and deliver the Firm Units, the Sponsor Units and the IDRs to SemGroup Holdings, in accordance with and upon the terms and conditions set forth in the Partnership Agreement and the Contribution Documents.