CVGG definition
Examples of CVGG in a sentence
Buyer desires to purchase a membership interest in Collbran Valley Gas Gathering, LLC, a Colorado limited liability company (“CVGG”), consisting of 25,000 Units representing 25% of the issued and outstanding membership interests in CVGG (the “LLC Interests”).
Seller shall also use reasonable business efforts (i) to arrange similar access for Buyer to the records concerning CVGG maintained by MEG Colorado Gas Service, LLC, the Manager of CVGG and (ii) to arrange access for Buyer to CVGG’s properties for purposes of facilitating physical inspection and an environmental assessment (the “On-Site Due Diligence”).
Amounts paid by Seller with regard to the Permanent Expansion will constitute capital contributions to CVGG.
Except as provided in this Agreement with respect to Buyer, Seller has not granted to any Person any right or has entered into any agreement or understanding (whether by option, warrant, call, commitment, conversion, plan or otherwise), fixed or contingent, with respect to the direct or indirect acquisition, purchase, sale, transfer, assignment, creation or issuance of any equity interest in CVGG.
Neither CVGG nor any ERISA Affiliate of CVGG has incurred any liability under Title IV of ERISA.
Except as expressly provided in this Agreement, neither Seller, Seller’s authorized representatives nor any other Seller Indemnified Party shall have any liability to Buyer or its Affiliates, agents, representatives or employees resulting from any use, authorized or unauthorized, of the Background Materials or other information relating to the LLC Interests and the business and assets of CVGG provided by or on behalf of Seller or any other Seller Indemnified Party.
Buyer has retained and taken advice concerning the LLC Interests, the business and assets of CVGG and the transactions contemplated hereby from advisors and consultants which are knowledgeable about the natural gas gathering and processing business and Buyer is aware of its risks.
To the knowledge of Seller, CVGG has such title to its gathering system and processing plant assets (the “CVGG Assets”) as is normal and customary in the natural gas gathering and processing industry.
CVGG has not ever maintained, contributed to , sponsored or been a party to any employee benefit plan as defined in section 3(3) of ERISA.
Amounts paid by Seller with regard to the Interim Expansion are expense reimbursements to CVGG paid by Seller as a shipper on CVGG’s gathering system, and not capital contributions.