Shamrock GP definition
Examples of Shamrock GP in a sentence
In connection with the formation of the Partnership under the Delaware Act, Shamrock GP, the former general partner, made an initial Capital Contribution to the Partnership in the amount of $10.00, for an interest in the Partnership and was admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $990.00 for an interest in the Partnership and has been admitted as a Limited Partner of the Partnership.
The UDS Entity and Shamrock GP shall share equally the fees and expenses of such investment banking firm.
The UDS Entity shall provide all information concerning the business, operations and finances of such Restricted Business as may be reasonably requested by Shamrock GP.
If, at any time, Shamrock GP or its Affiliates abandons such opportunity (as evidenced in writing by Shamrock GP or such Affiliates following the request of the UDS Entity), the UDS Entity may pursue such opportunity.
Such investment banking firm will determine the value of the newly constructed assets within 30 days and furnish the UDS Entity and Shamrock GP its opinion of such value.
On August 10, 2000, the Certificate of Limited Partnership of the Partnership was amended to reflect the substitution of the General Partner as general partner of the Partnership and the withdrawal of Shamrock GP.
If a Change of Control of UDS or each of Shamrock GP or Riverwalk occurs, the provisions of this Article II shall not apply to the existing logistics activities of any acquiring entity.
If Shamrock GP, with the concurrence of a majority of the members of the Conflicts Committee, elects to purchase such assets, then Shamrock GP and the UDS Entity shall negotiate the terms of such purchase for 60 days.
If a UDS Entity constructs any new logistics assets then, as soon as practicable, such UDS Entity shall notify Shamrock GP of the completion of such construction and such UDS Entity shall offer the MLP the opportunity to elect to purchase, or have a subsidiary elect to purchase, the newly constructed assets by written notice delivered to the UDS Entity no later than one year from the date of notice.
As a result of the preceding transactions, the General Partner will then have a 1.0101% general partner interest in the Partnership and Shamrock GP will then have a 0.1% general partner interest in the General Partner.