Examples of NET Mexico in a sentence
The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico.
In addition, NET Mexico has provided general indemnities and tax indemnities in favor of the parties to the debt obligations for any losses incurred, as defined.
Pursuant to the TSA, NET Mexico provides MGS with 1 Bcf/day of firm natural gas transportation capacity through November 30, 2015, increasing to 2.1 Bcf/day of capacity beginning on December 1, 2015.
NET Mexico Pipeline, LP is owned 100% by NET Holdings Management, LLC (“NETHM”).
The Credit Facility is collateralized by substantially all the assets of the Company, except for the assets of LaSalle Pipeline, LP, which are pledged under the Notes Payable and the assets of NET Mexico Pipeline Partners, LLC, which are pledged under the Credit Agreement described above.
The Company has eight operating subsidiaries:•NET Mexico Pipeline Partners, LLC (“NET Mexico”) - NET Mexico is a Texas limited liability company formed on May 17, 2013, to construct, own, and operate a natural gas transmission system located in South Texas, which transports natural gas from production areas in South Texas to the US/Mexico border and other customers located in South Texas.
Each Strategic Performance Measure will be assigned a weight by the Participant’s Manager, subject to the approval of the Chief Executive Officer.
NET Mexico is owned 90% by NET Mexico Pipeline, LP the Managing Member, and 10% by MGI Enterprises US LLC (“MGI”), a Member and indirect wholly owned subsidiary of Pemex Gas y Petroquimica Basica, (“PGPB”) , which in turn is a subsidiary of the Mexican state-owned petroleum company Petroleos Mexicanos (“PEMEX”).
Each of the Pipelines is an intrastate gas pipeline and does not provide interstate natural gas transportation service, except that Eagle Ford Midstream, LP, a Texas limited partnership, and NET Mexico each own intrastate pipelines that provide gas transportation service under Section 311 of the National Gas Policy Act of 1978.
The NET Mexico Pipeline, which is 10 percent owned by PEMEX’s subsidiary and interconnects with PEMEX’s own natural gas pipeline system at the U.S. and Mexico border, is the largest-diameter and lowest-tariff transmission pipeline delivering gas from the Eagle Ford Shale to the U.S. border with Mexico.