SemGroup Holdings definition
Examples of SemGroup Holdings in a sentence
SemGroup Holdings is the sole initial Member of the Company as reflected in Exhibit A attached hereto.
Delivery of the Units shall be made to the Representatives for the respective accounts of the several Underwriters against payment by the several Underwriters through the Representatives of the purchase price thereof to or upon the order of SemGroup Holdings or the Partnership, as the case may be, by wire transfer payable in same-day funds to an account specified by SemGroup Holdings or the Partnership, as the case may be.
SemGroup Holdings subsequently offered 12,500,000 common units pursuant to a public offering at a price of $22 per unit.
The Partnership distributed $136.5 million, net of debt issuance costs of $1.0 million, advanced under the credit agreement to SemGroup Holdings.
At the time of the formation of the Company, SemGroup Holdings, as the initial or organizational Member of the Company, made the Capital Contribution as set forth next to the Member’s name on Exhibit A.
Each of the Partnership, the General Partner, SemGroup Holdings and the OLLC (the “SemGroup Delaware Parties”) has all requisite limited partnership or limited liability company power and authority to execute and deliver this Agreement and perform its respective obligations hereunder.
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.
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).
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.