SP Holdings definition
Examples of SP Holdings in a sentence
From and after the Closing, SOG, SP Holdings and other Affiliates, as applicable, will provide accounting and management services to Buyer under the terms of the Operating Agreement and the Shared Services Agreement with respect to the Assets, including, but not limited to, handling matters for Buyer under applicable joint operating agreements (including the JOA) and marketing agreements.
Pursuant to the Agreement and Plan of Merger, dated as of June 27, 2014 (the “Merger Agreement”), by and among Holdings, Merger Sub, the Company, and RP & SP Holdings, Inc., a Delaware corporation, Merger Sub will, immediately following the initial funding hereunder, be merged with and into the Company with the Company surviving (the “Merger”).
SP Holdings Member hereby agrees to amend and restate the Original Operating Company Limited Liability Company Agreement, to admit FS Holdings Member, MD Solar Holdings and the Partnership as additional members and recapitalize the outstanding membership interests of Operating Company (the “SP Recapitalization”).
To effect such contribution and assignment, CNX Gathering shall, and DevCo III LP shall cause SP Holdings to, execute, acknowledge and deliver sufficient counterparts of the CNX Assignment to facilitate recording of the CNX Assignment in the applicable counties.
To effect such contribution and assignment, DevCo III LP shall, and shall cause SP Holdings to, execute, acknowledge and deliver sufficient counterparts of the DevCo Assignment to facilitate recording of the DevCo Assignment in the applicable counties.
METLIFE PRIVATE EQUITY HOLDINGS, LLC, as a Purchaser By: MetLife SP Holdings, LLC, its sole member By: Metropolitan Life Insurance Company, its sole member By: Name: Title: Address for notices, payments and lending office: MetLife Private Equity Holdings, LLC [Investments, Private Placements ▇.▇.
SP Holdings and each CNX Party has been (or will be once formed) duly formed and is (or will be once formed) validly existing as a limited partnership or limited liability company and is in good standing under the laws of its state of formation, with full power and authority to own, lease and operate its properties and to conduct its business as and where such properties are owned, leased and operated and such business is conducted as of the date of this Agreement.
As soon as reasonably practicable, the Partnership shall obtain, or cause SP Holdings or DevCo I LP to obtain, any bonds, guarantees, deposits and other pre-payments or permits required by any Governmental Authority to own or operate the ▇▇▇▇▇▇▇-Penns Assets.
Subject to Section 2.5, (i) 95% of all Asset Expenses that are incurred with respect to operations conducted or production prior to the Effective Time shall be paid by or allocated to CNX Gathering and (ii) all Asset Expenses that are incurred with respect to operations conducted or production from and after the Effective Time shall be paid by or allocated to DevCo I LP or SP Holdings.
The Parties further understand and agree that Operator and its Affiliates (including SP Holdings, LLC) provide or may provide services similar to the services provided hereunder to certain of its present and former Affiliates (including ▇▇▇▇▇▇▇ Energy Corporation).