Examples of Midstream Assets in a sentence
But Scheinman told several high-level LDH executives that, in his opinion, it was legal error not to consider the January 14 bids in fixing a value for the Midstream Assets.
January 2011).50 Around the same time, LDH was continuing its efforts to auction the Midstream Assets.
Specifically, on January 14, 2011, LDH received twenty-three bids for the Midstream Assets, and the median bid was $1.8 billion.
Notably, the record is devoid of evidence that the Midstream Assets materially increased in value between December 2010 and March 2011.The Plaintiffs argue that the Defendants breached the LLC agreement by refusing to take account of this market evidence in redeeming the Units.
The problem, according to the Plaintiffs, is that between December 23, 2010, and April 2011, highly probative evidence emerged that, as of December 31, the Midstream Assets were worth almost half a billion dollars more than the value used to redeem the Units.