Examples of SEP Partnership Agreement in a sentence
Separate programs exist for different occupational exposure to hazards that required job specific PPE and shall apply when work dictates the use of additional PPE.
Upon issuance, the Total Unit Consideration will be fully paid (to the extent required by the SEP Partnership Agreement) and nonassessable (subject to Del.
Upon consummation of the transactions contemplated by this Agreement, Contributor will acquire good and valid title to all of the Total Unit Consideration, free and clear of any Encumbrances other than transfer restrictions imposed thereon by securities Laws or arising under the SEP Partnership Agreement.
Upon issuance, the Total Unit Consideration, the Second Closing Exchanged GP Units and the Third Closing Exchanged GP Units will be fully paid (to the extent required by the SEP Partnership Agreement) and, other than the General Partner Units comprising a portion of the Total Unit Consideration, the Second Closing Exchanged GP Units and the Third Closing Exchanged GP Units, nonassessable (subject to 6 Del.
Immediately after the Closing, SEP will cause (i) SE Sand Holding to distribute the Sand Unit Consideration to SEP, (ii) SE Southern Holding to distribute the Southern Unit Consideration to SEP, and (iii) upon SEP’s receipt, all Common Units and General Partner Units comprising the Unit Consideration to be redeemed and cancelled pursuant to Section 7.11 of the SEP Partnership Agreement.
MLP GP will exchange [ ] Common Units into [ ] General Partner Units (the “Third Closing Exchanged GP Units”) in accordance with the SEP Partnership Agreement in order to maintain an aggregate 2% general partner interest of MLP GP in SEP.
The execution and delivery of this Agreement, the performance of SEP’s obligations hereunder and thereunder and the consummation of the Transactions have been duly authorized by all necessary action under the SEP Partnership Agreement.
SEP GP is the record and beneficial owner of, and has good and valid title to, the Incentive Distribution Rights and SEP GP Interest, free and clear of all Encumbrances (other than those arising pursuant to this Agreement, the SEP Partnership Agreement or applicable securities Laws, or resulting from actions of SEP or any of its Affiliates).
In determining that the Servicer is not a covered fund, the Servicer either does not rely solely on the exemption from the definition of “investment company” set forth in Section 3(c)(1) and/or 3(c)(7) of the Investment Company Act of 1940 or is entitled to the benefit of the exclusion for loan securitizations in the Xxxxxxx Rule under 17 C.F.R. 75.10(c)(8).
The Restructuring Common Units will be duly authorized and, when issued and delivered to SEP GP in accordance with the terms hereof, will be validly issued, fully paid (to the extent required by the SEP Partnership Agreement and Amended Partnership Agreement) and non-assessable (subject to Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act and to the extent required by the SEP Partnership Agreement and Amended Partnership Agreement).