MPLX definition

MPLX has the meaning set forth in the preamble.
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MPLX means MPLX LP, a Delaware limited partnership, and its successors.
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MPLX shall have the meaning given such term in the introductory paragraph.
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Examples of MPLX in a sentence

  • Series A preferred unitholders receive the greater of $0.528125 per unit or the amount of per unit distributions paid to holders of MPLX LP common units.

  • Under these agreements, MPLX provides transportation, storage, distribution and marketing services to us.

  • We also have agreements with MPLX that establish fees for operational and management services provided between us and MPLX and for executive management services and certain general and administrative services provided by us to MPLX.

  • In the subsequent cross-case comparison, network governance was applied.

  • MPLX is a VIE because the limited partners do not have substantive kick-out or participating rights over the general partner.

  • MPC has effectively guaranteed certain indebtedness of LOOP LLC (“LOOP”) and LOCAP LLC (“LOCAP”), in which MPLX holds an interest.

  • We are the primary beneficiary of MPLX because in addition to our significant economic interest, we also have the ability, through our ownership of the general partner, to control the decisions that most significantly impact MPLX.

  • MPC’s midstream operations are primarily conducted through MPLX LP (“MPLX”), which owns and operates crude oil and light product transportation and logistics infrastructure as well as gathering, processing and fractionation assets.

  • We own the general partner and a majority limited partner interest in MPLX, which owns and operates crude oil and light product transportation and logistics infrastructure as well as gathering, processing and fractionation assets.

  • Conference Call At 9:30 a.m. ET today, MPLX will hold a conference call and webcast to discuss the reported results and provide an update on operations.


More Definitions of MPLX

MPLX is defined in the introductory paragraph.
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Related to MPLX

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • PAA means Plains All American Pipeline, L.P., a Delaware limited partnership.

  • NGL means natural gas liquids.

  • GP means Gottbetter & Partners, LLP.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • ETP means Energy Transfer Partners, L.P., a Delaware limited partnership.

  • EPD means the Environmental Protection Division of the Georgia Department of Natural Resources.

  • IDR means Interval Data Recorder.

  • Operating Partnership has the meaning set forth in the preamble.

  • General Partner has the meaning set forth in the Preamble.

  • Constellation has the meaning assigned to that term in the Recitals.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Carlyle means Carlyle Investment Management, LLC.

  • Operating Company has the meaning set forth in the preamble.

  • Partnership Group Member means any member of the Partnership Group.

  • Partnership has the meaning set forth in the Preamble.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Co-op A private, cooperative housing corporation, having only one class of stock outstanding, which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes the sale of stock and the issuance of a Co-op Lease.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Partnership Group means the Partnership and its Subsidiaries treated as a single consolidated entity.