Russell: Here is a summary of the ownership chain of Global Companies LLC:  1.
Its members are Global Petroleum Corp. ("GPC"), YPF Distribution Company  ("YPF") and Montello Oil Corporation ("Montello").
From what they sent to  us, I could not tell the ownership percentages.
2.
The affairs of Global are managed by a "Board of Governors" who are  selected by the members.
Specifically, GPC and Montello collectively get to  choose 3 board members and YPF gets to choose 3 board members.
I your credit worksheet, you had specified as a "MAC" trigger if YPF, SA  fails to own at least 51% of Global Companies.
Is this the same entity as  YPF Distribution Company?
Do you want this as a MAC or as an Additional  Event of Default or Termination Event?
Carol

Global Companies LLC