GAAP means generally accepted accounting principles in the United States, as
in effect on the date of the Indenture.
General Partner means Sunoco GP LLC, a Delaware limited liability company, and
its successors and permitted assigns as general partner of Sunoco LP or as the business entity with the ultimate authority to manage the business and operations of Sunoco LP.
Government Securities means direct obligations of, or obligations guaranteed by, the United States of America for the
payment of which guarantee or obligations the full faith and credit of the United States of America is pledged.
guarantee means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of
business, direct or indirect, in any manner including by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness.
Guarantors means each of:
||the Subsidiaries of Sunoco LP executing the Indenture as initial Guarantors; and |
||any other Subsidiary of Sunoco LP that becomes a Guarantor in accordance with the provisions of the Indenture, |
and their respective successors and assigns, in each case, until the Note Guarantee of such Person has been released in accordance with the provisions of the
Hedging Obligations means, with respect to any specified Person, the obligations of such Person under:
||interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements entered into with one or more financial institutions and
designed to reduce costs of borrowing or to protect the Person or any of its Restricted Subsidiaries entering into the agreement against fluctuations in interest rates with respect to Indebtedness incurred; |
||other agreements or arrangements designed to manage interest rates or interest rate risk; |
||foreign exchange contracts and currency protection agreements entered into with one of more financial institutions and designed to protect the Person or any of its Restricted Subsidiaries entering into the agreement
against fluctuations in currency exchanges rates with respect to Indebtedness incurred; |
||any commodity futures contract, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of Hydrocarbons used, produced, processed or sold by that Person or any of
its Restricted Subsidiaries at the time; and |
||other agreements or arrangements designed to protect such Person or any of its Restricted Subsidiaries against fluctuations in currency exchange rates or commodity prices. |
Hydrocarbons means crude oil, natural gas, natural gas liquids, casinghead gas, drip gasoline, condensate, distillate,
liquid hydrocarbons, gaseous hydrocarbons and all constituents, elements or compounds thereof and products refined or processed therefrom.
Indebtedness means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent:
||in respect of borrowed money; |
||evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof); |