Incremental Expansion definition
Examples of Incremental Expansion in a sentence
The date on which the Management Committee votes to commit the Partnership to an Incremental Expansion pursuant to Section 4.9.
A corporation wholly owned by the Partnership which may be organized for the purpose of issuing securities, the proceeds from which are to be advanced directly or indirectly to the Partnership to finance in whole or in part the cost of the Facilities or the Cost of an Incremental Expansion.
If at any time Gatherer intends to increase the Gathering System’s capacity other than by way of an Incremental Expansion and provide additional gathering services on such increased capacity (“New Capacity”): [***].
Gatherer agrees to construct, install, own, and operate the Gathering System, including any and all Incremental Expansion Compression Facilities and Incremental Capital Projects, in accordance with standards customary in the Appalachian basin Gas pipeline industry, the In-Service Assurances and, to the extent applicable, as set forth in Exhibit D.
Definitive agreements between financial institution(s) and the Partnership or the Financing Corporation pursuant to which such financial institution(s) agree, subject to the conditions set forth therein, to lend money to, or purchase securities of, the Partnership or the Financing Corporation, the proceeds of which shall be used to finance all or a portion of the Facilities or of an Incremental Expansion.
If Partner B elects not to participate in an Incremental Expansion that costs $100 and Partner A elects to contribute Partner B’s share, the resulting adjusted Percentage Interests will be as follows; Partner A — 400/600 = 66 2/3%, and Partner B — 200/600 = 33 1/3%.
The vote required for a commitment to construct or acquire an Incremental Expansion, or for a waiver of the conditions precedent to such a commitment, shall be (i) a Super-Majority Vote if the estimated cost of such Incremental Expansion as determined pursuant to Section 4.8.2(a) exceeds Ten Million Dollars, and (ii) a Majority Vote if the estimated cost of such Incremental Expansion as determined pursuant to Section 4.8.2(a) is Ten Million Dollars or less.
All costs and expenses, including any allowance for funds used during construction ("AFUDC"), incurred, assumed or paid by the Partnership for the acquisition, planning, design, engineering, financing, construction and start-up of an Incremental Expansion, and securing Additional Necessary Regulatory Approvals therefor.
Prior to the Closing, the Sellers and their respective Affiliates shall file the application for the Environmental Installation License (Licença Ambiental de Instalação) and, at the applicable time in the Ordinary Course, seek to obtain all Permits necessary and required to complete the Tapira Dam Incremental Expansion, including the applicable Environmental Installation License (Licença Ambiental de Instalação).
After the Initial Line or any Incremental Expansion is placed in commercial operation, the Joint Venture shall be responsible for all expenses and costs incident to the ownership of the Initial Line and any such Incremental Expansion, including property taxes and assessments and property damage and liability insurance.