MEMP definition
Examples of MEMP in a sentence
Any breach of this covenant by a MEMP Releasing Party not to ▇▇▇ shall be deemed a breach of this Agreement by the Partnership.
On December 14, 2011, in connection with the closing of MEMP’s initial public offering, MRD LLC entered into an omnibus agreement with MEMP and its general partner.
Notwithstanding the foregoing, none of the Liens permitted pursuant to this Section 9.03 (other than Liens securing the Indebtedness and Excepted Liens) may at any time attach to (x) any Oil and Gas Properties evaluated in the Reserve Report used in the most recent determination of the Oil and Gas Reserve Borrowing Base or (y) any MEMP Units or other Equity Interests in MEMP.
Section 8.17(b) of the Credit Agreement is hereby amended by deleting the reference therein to “(other than MEMP GP solely with respect to MEMP GP Debt)”.
The Mobile Environmental Monitoring Platform (MEMP) is an entire real-time water quality and weather station, combined.
On December 12, 2012, MRD LLC entered into a management agreement with its wholly-owned subsidiary, Beta Operating Company, LLC pursuant to which MRD LLC agreed to provide management and administrative oversight with respect to the services provided by such subsidiary under certain operating agreements with a subsidiary of MEMP, in exchange for an annual management fee.
When the restructuring transactions are completed, we will succeed to this management agreement and we will receive approximately $0.4 million from MEMP annually under that agreement.
The removal process began in early June when a portion of the building was removed (at right) by MEMP Director ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ in a brief ceremony kicking off the demolition.
Pursuant to the omnibus agreement, we will indemnify MEMP’s general partner and MEMP against (i) title defects and (ii) income taxes attributable to pre-closing ownership or operation of the assets we contributed to MEMP in connection with MEMP’s initial public offering, including any income tax liabilities related to such contribution occurring on or prior to the closing of MEMP’s initial public offering.
No Loan Party will make or permit to remain outstanding any Investments in or to any Person or any loans made between the Parent and Borrower or any intercompany loans other than to the extent permitted by clauses (b), (c), (d), (e), (f), (g)(i), (g)(ii) and (g)(iv) (solely in respect of cash collateral in an aggregate amount not to exceed $600,000 released in connection with any surety or bond arrangements in existence on the Waiver Effective Date and deposited into an account held by MEMP S-1, Inc.