NGL Assets definition
NGL Assets means 100 percent of the membership interest in NGL/LP, LLC and all of the outstanding capital stock of ▇▇▇▇ Underground Storage Company, the mid-continent natural gas liquid assets of ▇▇▇▇ Pipeline Company, L.P., 100 percent of the membership interest in MB1/LP, LLC, and 100 percent of the membership interest in ▇▇▇▇ ▇▇▇▇▇ Holdings, LLC.
NGL Assets has the meaning specified in the 2003 Second Lien Note Indenture.
NGL Assets means, in accordance with the definition of "Principal Property" contained in the 1996 Indenture and the DNE Guarantees, any natural gas, natural gas liquids or crude oil pipeline, distribution system, gathering system, storage facility or processing plant (excluding any such property that in the good faith opinion of the Company's Board of Directors is not of material importance to the business conducted by the Company and its consolidated Subsidiaries taken as a whole) and any equity interests or indebtedness of any Person which owns any of the foregoing.