Operating Services Agreements definition
Examples of Operating Services Agreements in a sentence
The Direct Costs of all Modifications made after the Operations Transfer Date that satisfy the requirements of Section 3.3 of the Operating Services Agreements shall be paid directly by HSG under the Operating Services Agreements, and treated by each Party as loans from HSG to KNGG or KNWTLLC, as applicable.
Buyers shall have paid to Sellers and KNWTLLC all amounts to be paid to them on or before the Closing under the terms of this Agreement and the Operating Services Agreements and shall have performed in all material respects all other obligations required by this Agreement to be performed by Buyers at the Closing.
Each of Sellers jointly and severally covenant and agree with Buyers that, from the date of this Agreement until the Closing Date, subject to the Operating Services Agreements and applicable regulatory requirements, it will conduct its business only in the ordinary and usual course consistent with past business practices insofar as such practices relate to the Wattenberg System and the Purchased Interests.
All revenues and expenses attributable to the operation of the Gathering System during the period from October 1, 1999 until the Effective Time shall be subject to the terms of the Operating Services Agreements.
The Operating Services Agreements grant Buyer the right to manage and operate the Wattenberg System and make improvements, additions and modifications thereto, all in accordance with the terms thereof.
In consideration of the rights granted to HSG under the Operating Services Agreements, HSG agrees to pay to Sellers in addition to all other amounts payable under the terms of the Operating Services Agreements, an amount equal to $359,917 per month during the period from January 1, 2000 through December 31, 2001 (the "FACILITY FEES"), subject to Section 2.10.
KNGG will perform all of its obligations under the Master Equipment Lease in a timely and complete manner in all material respects, subject to compliance by HSG with the terms of the Operating Services Agreements.
Buyers also acknowledge that the implementation of such plans will be under their control and direction pursuant to the Operating Services Agreements.
HSG may not delegate their duties under the Operating Services Agreements without the consent of Sellers, which consent will not be unreasonably withheld, conditioned or delayed.