NRU Project definition

NRU Project means Borrower’s (a) installation of a replacement plate fin exchanger of the NRU Plant and refurbishment of the damaged NRU Plant, (b) installation of a H2S scavenger plant and related equipment having total treatment capability of 180 MMCFPD, (c) installation of a new 10-inch pipeline between the Ryckman Creek Facility and the Canyon Creek Facility, along with blending skids,
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NRU Project has the meaning set forth in Section 9.4.
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Examples of NRU Project in a sentence

  • For each such NRU Project, Buyer shall have the right to participate on the same terms and conditions as Seller up to 25% (but not less than 10%) of the ownership interest available to Seller.

  • Buyer shall issue a site specific sublicense to Seller for each approved NRU Project and each sublicense shall specify the fee structure that is payable to AET under the Restated Agreement.

  • All Other Assets for any NRU Project of Seller allowed under this Section 9.5 but not undertaken by Seller on or before December 31, 2007 will be sold, assigned and transferred to Buyer pursuant to Section 1.1 and Seller shall, within five (5) business days following December 31, 2007, deliver an additional First General Conveyance, duly executed by Seller, to Buyer.

  • For purposes of this Section, "undertaken" shall mean that Seller has made the first 50% payment to AET provided for under the first paragraph of Section 2.6 of the Restated Agreement and provided AET with the information required by such paragraph of Section 2.6 of the Restated Agreement, in both cases as required by the Restated Agreement, to cause AET to prepare a Process Design Basis Package (as said term is defined in the Restated Agreement) for such NRU Project.

  • If, from time to time, prior to the fifth (5th) anniversary of the Closing Date, Buyer initiates discussions with a third party regarding an opportunity to construct and own, either solely or in part, a gathering system and/or tailgate pipeline for a gathering or transportation fee in association with any nitrogen rejection unit project (a "NRU Project") to be undertaken by Buyer in the U.S. (a "Pipeline Opportunity"), then Buyer will promptly provide Seller with notice of such Pipeline Opportunity.

  • This provision shall be null and void with respect to any NRU Project that is not undertaken by Seller on or before December 31, 2007.

  • Seller shall have the right to pursue, solicit and negotiate not more than two (2) NRU Projects utilizing the nitrogen rejection technology covered by the Restated Agreement for natural gas as defined in the Restated Agreement, which will be disclosed by Seller and approved by Buyer as NRU Projects that Buyer is not then pursuing or Buyer has not entered into an agreement giving Buyer the right to issue a license at the time the NRU Project is disclosed.

  • One NRU Project shall be disclosed to Buyer by Seller at Closing and the second NRU Project shall be disclosed to Buyer by Seller not later than March 31, 2007.