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.
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.
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.
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).
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.
Any Limited Partner may, in accordance with the other terms and provisions of this Article III, Transfer any Class A Units (or Equivalent Securities) held by such Limited Partner to any Person other than to a Person directly or indirectly engaged in Midstream Activities in competition with the business or activities of any member of the Partnership Group or the SXE Group.