Page 18 - Surviving Business Entity
SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 1/22/2018
Business Entity” has the meaning assigned to such term in Section 14.2(b).
Certification” means a properly completed certificate in such form or forms as may be specified by the General Partner
by which a Limited Partner or Assignee certifies that he (and if he is a nominee holding for the account of another Person, that
to the best of his knowledge such other Person) is an Eligible Holder and includes a Transfer Application containing such a certification.
means, for the purpose of determining the Current Market Price of any class of Limited Partner Interests, a day on which the principal
National Securities Exchange on which such class of Limited Partner Interests are listed is open for the transaction of business
or, if Limited Partner Interests of a class are not listed on any National Securities Exchange, a day on which banking institutions
in New York City generally are open.
has the meaning assigned to such term in Section 4.4(a).
Agent” means such bank, trust company or other Person (including the General Partner or one of its Affiliates) as shall
be appointed from time to time by the General Partner to act as registrar and transfer agent for the Common Units; provided, that
if no Transfer Agent is specifically designated for any other Partnership Securities, the General Partner shall act in such capacity.
Application” means an application and agreement for transfer of Units in the form set forth on the back of a Certificate
or in a form substantially to the same effect in a separate instrument.
means each Person named as an underwriter in Schedule I to the Underwriting Agreement who purchases Common Units pursuant thereto.
Agreement” means that certain Underwriting Agreement dated as of June 26, 2007 among the Underwriters, the Partnership,
the General Partner and the other parties thereto, providing for the purchase of Common Units by the Underwriters.
means a Partnership Security that is designated as a “Unit” and shall include Common Units, but shall not include the
General Partner Interest.
means at least a majority of the Outstanding Common Units voting as a single class.
means the holders of Units.
Gain” attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of
(a) the fair market value of such property as of such date (as determined under Section 5.3(d)) over (b) the Carrying Value
of such property as of such date (prior to any adjustment to be made pursuant to Section 5.3(d) as of such date).
Loss” attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of
(a) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.3(d) as
of such date) over (b) the fair market value of such property as of such date (as determined under Section 5.3(d)).