Bonepile definition
Examples of Bonepile in a sentence
Save and except for the Bonepile Inventory and components dealt with in accordance with the provisions of Section 5.15(2)(b), the Inventory forming part of the Assets is at the Closing useable and saleable to, the Seller or Designated Sellers, in the ordinary course of business.
In addition, any such written notice of objection must be accompanied within ten (10) Business Days by payment in full for the items of Unused Inventory, Unused Unassigned Finished Goods or Unrepairable Bonepile Inventory which are not subject to such written notice of objection.
If the Parties have not reached agreement on a plan for consolidation of the Bonepile System, including producer agreement, within 60 days from the first of the month following closing of the transaction, the Fee charged hereunder shall be increased to $80,000 per month.
The parties acknowledge that BPE has been approached by Western Gas Resources ("WGR") and is in preliminary negotiations with WGR to provide field services to receive WGR’s gas from WGR’s Bonepile area that WGR is attempting to consolidate into the Bonepile System ("WGR Gas"), to compress and manage same, and to redeliver same into facilities as directed by WGR.
Such Fee will be decreased to the amount set forth in Section 3 commencing the month following the month in which the Bonepile consolidation plan is agreed upon.
The Parties agree that consolidation of gathering and compression services within the Bonepile system is necessary to increase efficiency in operations.