CAP Operations definition

CAP Operations means the activities of owning, operating, leasing, managing, acquiring, developing, selling, disposing and transferring the Real Property set forth on Schedule 4.4(a)(2), as conducted by CAP Sellers on the date hereof.
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Examples of CAP Operations in a sentence

  • There shall be a post-Closing audit (the "Post-Closing Audit") of the Books and Records relating to the assets, liabilities and business of the AAPT Operations and the CAP Operations for the purpose of (i) confirming the increases, reductions and adjustments made to the AAPT Purchase Price and the CAP Consideration at Closing in accordance with Article 2 hereof and (ii) confirming all other payments, allocations and apportionments between the parties pursuant to this Agreement.

Related to CAP Operations

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less