Examples of SemGroup Parties in a sentence
If the Executive has a Separation from Service initiated by theExecutive other than for Good Reason, the Executive may voluntarily terminate this Agreement and the employment of the Executive by providing SemGroup Parties with sixty (60) days' prior written notice of the same.
The SemGroup Parties and the SGLP Parties each separately intend the settlement to be a final and complete resolution of all disputes between them with respect to the subject matter of this Agreement and the mutual releases herein.
Time is of the essence in the performance by SemGroup Parties of their respective obligations under this Agreement.
The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties and the respective successors and assigns of each of the Parties, including, without limitation, any trustee hereinafter appointed in the Bankruptcy Cases as the representative of the estates of the SemGroup Parties, or any other representative of the SemGroup Parties who qualifies in a case under the Bankruptcy Code or in connection with any other state, provincial, or federal proceeding.
Notwithstanding anything to the contrary herein, this release shall not release or discharge (x) any Claims other than the Specified SGLP Released Claims, (y) any Claims against any officers, directors, employees, managers or outside accountants of any of the SemGroup Parties or (z) any Claims relating to or arising out of this Agreement, including those described in Section 2.1(a), 2.2(a) and 2.2(b), or any of the Transaction Documents.
Time is of the essence in the performance by the SemGroup Parties of their respective obligations under this Agreement.
Each SGLP Party acknowledges and agrees that such SGLP Party forever disclaims any right, title or interest of any nature, whether legal, equitable, beneficial, or otherwise, in any of the SGLP Transferred Assets and agrees that all of its respective current and future rights, title and interests therein have been fully conveyed to the SemGroup Parties without any reservation of interest of any nature.
The Executive agrees that if SemGroup Parties terminate the Executive for Disability, this Agreement will have been frustrated and, in any event, that accommodating a Disability would impose undue hardship on SemGroup Parties.
As soon as practicable after the date hereof, (i) the SemGroup Parties will file the appropriate documents to evidence the release of the SGLP Lenders’ Liens on the SGLP Transferred Assets and (ii) the SemGroup Parties will file a notice of bankruptcy filing of the SemGroup Parties in the relevant jurisdictions.
The SemGroup Parties will use their commercially reasonable efforts to work with the SemGroup Lenders to take all reasonable action to confirm the removal of any and all Liens on the SemGroup Transferred Assets by the SemGroup Lenders.