Common use of US Distribution Clause in Contracts

US Distribution. Gas Storage US will borrow an amount equal to 35% of the Leveraged Distribution under its revolving credit facility and loan such amount to ▇▇▇▇▇ I; ▇▇▇▇▇ I will distribute such funds to ▇▇▇▇▇ US.

Appears in 1 contract

Sources: Contribution, Assignment and Assumption Agreement (Niska Gas Storage Partners LLC)

US Distribution. Gas Storage US will borrow an amount equal to 35% of the Leveraged Distribution under its revolving credit facility and loan such amount to ▇▇▇▇▇ I; ▇▇▇▇▇ I will distribute such funds to ▇▇▇▇▇ US; and ▇▇▇▇▇ US and ▇▇▇▇▇ US will distribute such funds to its limited partners in accordance with the terms of the ▇▇▇▇▇ US Agreement.

Appears in 1 contract

Sources: Contribution, Assignment and Assumption Agreement (Niska Gas Storage Partners LLC)