Midstream Asset definition
Examples of Midstream Asset in a sentence
The Operator may make any non-capital expenditure directly related to an AMI Midstream Asset that is: (a) outside the scope of a Project AFE; (b) to be booked as an operating expense; (c) a non-recurring type of expense; and (d) not in excess of (i) $50,000.00 per Project or (ii) $250,000.00 in the aggregate for the AMI in any calendar year.
DTE Energy and DT Midstream shall reimburse each other for the reasonable costs, if any, in complying with a request for Information pursuant to this Article VII (whether or not such Information was a DT Midstream Asset or a DTE Energy Asset).
The contribution of the Midstream Assets and any other properties committed to the Partnership shall be made by each Party’s agreement to hold legal title to its interest in such Midstream Asset or other property as nominee of the Partnership.
The Issuer will be required to deliver, or to cause the Manager to deliver, to the Indenture Trustee, the Back-up Manager and each Rating Agency on each Annual Determination Date an Officer's Certificate certifying the Midstream Asset Value.
If Operator obtains any ROW agreements or any other authorizations, contracts or agreements in association with, or preparation for, construction or expansion of any portion of a Gathering System or any other CONE Midstream Asset, the Operator shall make available to the Partnership copies of all such documentation, and, if applicable, the applicable recording information.
If such Midstream Business, Midstream Asset or Electricity Project is being acquired as part of a larger acquisition (an "INCLUDED BUSINESS"), the E&P Segment shall be free, for a period of one year after acquiring such Business, Asset or Project to make use of such Business, Asset or Project as it desires.
If Holdings exercises its right to purchase a Midstream Business, Midstream Asset or Electricity Project, the parties agree to consummate such purchase within 90 days of the date of delivery of Holdings' notice to Shell exercising such right.
If Holdings does not timely deliver a notice of exercise of its right to purchase, Holdings' right of purchase in respect of such Midstream Business, Midstream Asset or Electricity Project shall expire and be void.
Holdings shall provide to Shell or its Affiliates, products and services requested by Shell or its Affiliates relating to such Midstream Asset, Midstream Business or Electricity Project on market terms and conditions.
For the purposes of this Section 7, an "INADVERTENT VIOLATION" shall include, without limitation, (x) any violation that results from the actions of an E&P Controlled Person not consented to by Shell or any other Person other than the E&P Segment and (y) any action taken in good faith and not intended to permanently circumvent the provisions of this Exhibit C, including any acquisition of an interest in any Person that owns a Midstream Business or Midstream Asset or Electricity Project.