Seller Operated Assets definition

Seller Operated Assets. Assets operated by Seller or an Affiliate of Seller.
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Seller Operated Assets shall have the meaning given that term in Section 7.07.
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Seller Operated Assets means Assets operated by Xxxxxxxx LLC or its Affiliates.
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Examples of Seller Operated Assets in a sentence

  • Except with respect to Imbalances or as set forth on Schedule 4.13, no Person has any call upon, right to purchase or to market, option to purchase or market, or similar rights with respect to any portion of the Hydrocarbons produced from the Seller Operated Assets after the Effective Time that is not terminable without penalty on less than three months’ notice.

  • Except as set forth on Schedule 4.21, as of the date of this Agreement there are no Imbalances attributable to the Seller Operated Assets.

  • Xxxxxxxx LLC maintains, and until the Closing Date shall maintain, with respect to the Seller Operated Assets, at least the insurance coverage described on Schedule 4.9.

  • The Seller Operated Assets (and, to Seller’s Knowledge, the Non-Operated Assets) are in compliance with applicable Laws, Permits, rules, regulations, ordinances and orders.

  • Unless any Seller Party obtains the prior written consent of Buyer to act otherwise, such Seller Party shall not enter into any new marketing contracts or agreements providing for the sale of Hydrocarbons produced from the Seller Operated Assets for a term beyond December 31, 2012.

  • All bonuses, delay rentals, minimum royalties and royalties, other than suspended royalties, with respect to the Seller Operated Assets (and, to Seller’s Knowledge, with respect to the Non-Operated Assets) have been timely and correctly paid in accordance with applicable Leases and Laws.

  • Xxxxxxxx LLC has maintained and is maintaining all material Permits with respect to the Seller Operated Assets.

  • With respect to the Seller Operated Assets, Xxxxxxxx LLC has not received any prepayments or buydowns, or entered into any take-or-pay or forward sale arrangements, such that Xxxxxxxx LLC will be obligated after the Effective Time to make deliveries of Hydrocarbons produced from the Assets without receiving full payment therefor.

  • Xxxxxxxx LLC’s ownership and operation of the Seller Operated Assets is in material compliance with all applicable Laws (and, to Seller’s Knowledge, the ownership and operation of the Non-Operated Assets is in material compliance with all applicable Laws).

  • Seller makes no representations or warranties to Purchaser as to transferability or assignability of operatorship of any Seller Operated Assets.


More Definitions of Seller Operated Assets

Seller Operated Assets means Assets operated by Seller or any of its Affiliates. “Surface Rights” is defined in Section 2.2(h).
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Seller Operated Assets shall have the meaning given that term in Section 7.07. “Special Warranty” shall have the meaning given that term in Section 4.02. “Special Warranty Notices” shall have the meaning given that term in Section 4.03.
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Seller Operated Assets means Assets operated by any Seller or its Affiliates. “Suspended Proceeds” has the meaning set forth in Section 7.6.
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Related to Seller Operated Assets

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Seller has the meaning set forth in the Preamble.

  • Pre-Closing Environmental Liabilities means (i) any violation of Environmental Law arising in connection with the ownership or operation of the Properties prior to the Effective Time, (ii) any Release of Hazardous Substances onto or from the Properties prior to the Effective Time or relating to or arising from any activities conducted on such properties or from operation of such assets prior to the Effective Time and (iii) any claim, action, cause of action, inquiry, investigation, remediation, removal or restoration with respect to the matters set forth in subsection (i) or (ii) above

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • Retained Contracts means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • Seller Affiliate means any Affiliate of Seller.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered included in Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Transferred Liabilities has the meaning set forth in Section 2.02(a).

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Transferred Entities means the entities set forth on Schedule 1.9.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;