Dropdown Transaction definition

Dropdown Transaction means any transfer of assets, other than in the ordinary course of business, by the Company or any Affiliate (other than the Partnership and any subsidiary of the Partnership) to the Partnership or any subsidiary of the Partnership, whether by sale of assets, merger or otherwise; provided that, upon the transfer of such assets, the assets continue to be consolidated in the Company’s financial statements.
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Dropdown Transaction means a contribution by the Partnership, the General Partner or the Subsidiaries of the Partnership of all or a portion of their assets to any member of the SXE Group.
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Dropdown Transaction means, collectively, the Rice West Virginia Contribution, the Rice Olympus Contribution and the Strike Force Holdings Contribution, in each case, as defined in the Dropdown Agreement.
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Examples of Dropdown Transaction in a sentence

  • Holdings will not convey, sell, lease, assign, transfer or otherwise dispose of any of the capital stock of the Borrower, other than (i) the pledge of such capital stock pursuant to the Security Documents, (ii) pursuant to an enforcement by the Administrative Agent under the Security Documents or (iii) pursuant to a Holdings Dropdown Transaction or a Holdings-Borrower Merger.

  • No. 1) The related Mortgage Loan documents permit a deductible up to $500,000 for the “All Risk” or “Special Perils” property insurance coverage, including terrorism coverage, except with respect to flood, windstorm/named storm/hail coverage and earthquake coverage, which may have a deductible not to exceed 5% of the total insurable value of the related Mortgaged Property (collectively, the “Required Deductible”), which deductibles may not be customary.

  • The parties agree that the Dropdown Transaction shall be treated for Tax purposes as a contribution of property by each Shell Party to SHLX, in exchange for a portion of the Consideration, in accordance with Code Section 721(a).


More Definitions of Dropdown Transaction

Dropdown Transaction means any transaction pursuant to which the Facilities are Transferred to MPLX LP or any of its wholly-owned Affiliates (including, for the avoidance of doubt, by way of a Transfer of any equity interests in MPLX Refining Logistics LLC to MPLX LP or any of its wholly-owned Affiliates).
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Dropdown Transaction means the sale or other disposition by CNX to CNX Midstream of CNX’s indirectly held 95% interest in the ▇▇▇▇▇▇▇-Pennsboro gathering system, pursuant to the Dropdown Purchase Agreement.
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Related to Dropdown Transaction

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • M&A Transaction means any acquisition, directly or indirectly, by a Project Holdco, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all or a portion of the Equity Interests of, or a business line or unit or a division of, any Person.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.