Petro means Petroleum Heat and Power Co., Inc., a Minnesota corporation.
Petro has the meaning specified in the preamble hereto.
Petro or the “Borrower”), and each other direct or indirect subsidiary of the Parent from time to time party to this Security Agreement (each of the Parent, Petro and each other such Subsidiary of the Parent, a “Grantor”, and collectively, the “Grantors”), and JPMorgan Chase Bank, N.A., a national banking association, in its capacity as collateral agent (the “Collateral Agent”) for the Secured Parties (as defined below) to the Credit Agreement referred to below.
Examples of Petro in a sentence
SPR is the Strategic Petro- leum Reserve, that program of the De- partment of Energy established by title I, part B of EPCA.
Minimum wages in case of labour / services contractAlso reputed websites and ONGC subscribed databases such as IHS Petro data for tracking market trends should be used.In case of projects / procurement of more than 1 year, future inflation should be built into the cost estimate.
Vargas S, Romance R, Petro JL, Bonilla DA, Galancho I, Espinar S, Kreider RB, Benítez-Porres J.
Petro/ fleet card will be issued to the contractor on proper acquaintance by the authorized person of the vendor & payment will be made directly to the oil companies by BSNL.
Assumed by the Government of Canada on February 5, 2001, on the dissolution of Petro Canada Limited.
More Definitions of Petro
Petro or the “Borrower”), the other Loan Parties, the Lenders from time to time party hereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent, Bank of America, N.A., as co-syndication agent and as an LC Issuer (“Bank of America”), Citizens Bank, N.A., as co-syndication agent (together with Bank of America, the “Co-Syndication Agents”) and KeyBank National Association, Regions Banks and TD Bank, N.A., as co-documentation agents (each, a “Co-Documentation Agent” and collectively, the ”Co-Documentation Agents”).
Petro means Petro, Inc., a Texas corporation and the general partner of the Borrower.
Petro or the “Borrower”), the Loan Parties party thereto, the Lenders party thereto and the Agent (as the same may be amended, modified, extended or restated from time to time, the “Credit Agreement”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement. The New Subsidiary and the Agent, for the benefit of the Lenders, hereby agree as follows:
Petro or the “Borrower”), the Loan Parties party thereto, the Lenders party thereto and the Agent (as the same may be amended, modified, extended or restated from time to time, the “Credit Agreement”). STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION
Petro or the “Borrower”), the other Loan Parties, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as co-syndication agent and as an LC Issuer, RBS Citizens, N.A., as co-syndication agent, and Key Bank National Association, Regions Bank, Xxxxx Fargo Capital Finance, LLC and BMO Xxxxxx Bank, N.A., as co-documentation agents. Unless otherwise defined herein, capitalized terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement. THE UNDERSIGNED HEREBY CERTIFIES, ON ITS BEHALF AND ON BEHALF OF THE BORROWER, THAT:
Petro or the "Company") (NASDAQ:HEAT), jointly announced today that they have reached an agreement in principle to enter into a strategic business combination in which Petro would become a wholly owned subsidiary of Star. This transaction would be effected through Petro shareholders exchanging their approximately 26.6 million shares of Petro Common Stock for approximately 3.6 million Star master limited partnership units which will be subordinated to the existing Star Common Units. Star Gas currently distributes to its partners, on a quarterly basis, all of its Available Cash, which is generally all of the cash receipts of the Partnership less all cash disbursements, with a targeted Minimum Quarterly Distribution ("MQD") of $0.55 per Unit, or $2.20 per Unit on an annualized basis. In connection with the Petro transaction, the Partnership will increase the MQD to $.575 per unit or $2.30 per Unit on an annualized basis. This increase in the MQD reflects the expectation that the transaction will be accretive to the Partnership. The increase in the MQD will also serve to raise the threshold needed to end the subordination period. It is currently contemplated that 21,177,000 shares of Petro Common Stock will be exchanged for 2,767,000 Star Senior Subordinated Units. 5,386,000 shares of Petro common stock, held by certain individuals who currently own Petro Class C common stock, including Xxxx X. Xxxxx, Chairman of Petro and Star and other members of a group that currently controls Petro, will be exchanged for 579,000 Junior Subordinated Units and General Partnership Interests which are economically equivalent to 279,000 Junior Subordinated Units. Under the partnership subordination provision, distributions on Star Senior Subordinated Units may be made only after distributions of Available Cash on Common Units meet the MQD requirement. Distributions on Star Junior Subordinated Units and to the General Partner may be made only after distributions of Available Cash on Common Units and Senior Subordinated Units meet the MQD requirement. The Subordination Period will extend until the Partnership earns and pays its MQD for three years. In any event, as a condition of this transaction, the Partnership agreement will be amended so that no distribution will be paid on the Senior Subordinated Units, Junior Subordinated Units, or to the General Partner except to the extent Available Cash is earned from operations. Like many other publicly traded master limited partnerships, the...
Petro has the meaning specified in the preamble hereto. “PHI” means Petro Holdings, Inc., a Minnesota corporation.