SXE Group definition
Examples of SXE Group in a sentence
For purposes of this Section 5.18, the term “Benefit Plans” refers to the Benefit Plans applicable to the TexStar Group, and shall not refer to the Benefit Plans of any member of the SXE Group.
There is no unsatisfied judgment, court order, arbitral award or administrative decision against a member of the SXE Group, its business or the SXE Assets, and no order has been made or petition presented or resolution passed or other steps taken for the winding up or dissolution of any member of the SXE Group.
There has been no appointment, and no such appointment is planned by a member of the SXE Group, of an administrator, receiver, liquidator or liquidation committee or like body or officer of a member of the SXE Group or the SXE Assets.
SXE has, and at the Closing will have, sufficient funds available to pay the Cash Consideration and any fees and expenses incurred by the SXE Group in connection with the Transactions.
To the Knowledge of SXE, there is no basis for any Proceeding which, if adversely determined against a member of the SXE Group or its Representatives (in the capacity in which such Representative is affiliated with such Person) that would reasonably be expected to result in a loss to the SXE Group, individually or in the aggregate, in excess of $500,000.
TexStar has had an opportunity to ask questions and receive answers from SXE regarding the business, properties, prospects and financial condition of the members of the SXE Group and SXE GP.
All Equity Interests of each member of the SXE Group (i) were issued in compliance with all Laws and any preemptive or anti-dilutive rights, rights of first offer or refusal and any other statutory or contractual rights of any Person and (ii) have been duly authorized, validly issued, fully paid and are non-assessable (except as such nonassessability may be affected by matters expressly set forth in the Law of the jurisdiction of organization of such Person).
Each of EIG (for itself and on behalf of the EIG Group) and Tailwater (for itself and on behalf of the Tailwater Group) represent and warrant that (assuming it (or its applicable Affiliates) have received payment in full in respect of the MLP PIK Notes as of such time) it does not, as of the Effective Date, hold any economic interest or position in the SXE Group other than its respective Units of the Company and Partnership Units of the Partnership.
Neither Southcross nor any member of the SXE Group has received written notice of any material violation or default under (or any condition which with the passage of time or the giving of notice would cause such a material violation of or default under) any SXE Contract.
Neither Southcross nor any member of the SXE Group has given or been requested to give waivers or extensions (or is or would be subject to a waiver or extension given by any other Person) of any statute of limitations relating to the assessment or collection of Taxes for which Southcross or any member of the SXE Group may be liable, and there is not in force any extension of time with respect to the due date for the filing of any Tax Return of or with respect to Southcross or any member of the SXE Group.