Petrogas definition
Examples of Petrogas in a sentence
Zorlu Holding agrees that the Minority Petrogas Shareholders must not Deal with the Minority Petrogas Shares prior to Completion.
The Shares and the Minority Petrogas Shares must be transferred free from any Encumbrance and with all rights, including dividend rights, attached or accruing to them on and from the date of this agreement.
For 90 days from the Completion Date the Seller must so far as practicable give to the Buyer such information and assistance as the Buyer reasonably requires in connection with the Company and Petrogas.
If the adjustment relates to a Petroleum Licence held (or formerly held) by Petrogas, the Seller agrees that it shall be liable to pay the entire amount of the adjustment notwithstanding that it was not the holder (as at the date of this agreement) of the Minority Petrogas Shares.
The TransAtlantic Group, the Company and the Subsidiaries may not recover from the Seller and the Seller is not liable to those entities under clause 7.2(a) for an amount equal to any Tax Liability to the extent it has been provided for in the Last Accounts, the Company or Petrogas have retained clear funds to pay that Tax Liability pursuant to clause 6.7(c)(ii), or to the extent that such Tax Liability has otherwise been fully recovered under the reconciliation statement mechanism in clauses 6.7(d).
Upon the consummation of the Acquisition, (a) Amity will have no Subsidiaries other than Petrogas and (b) Petrogas will have no Subsidiaries.
The Board of Directors of RH Petrogas Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that the Company has on 6th September 2010 (“Signing Date”) executed a definitive Sale and Purchase Agreement (“SPA”) with ▇▇▇▇▇▇ Petroleum BV (“▇▇▇▇▇▇”), to acquire the entire issued share capital of ▇▇▇▇▇▇ Salawati Basin BV (“LSB Sale Shares”) and ▇▇▇▇▇▇ Indonesia BV (“LIB Sale Shares”) (together, the “Sale Shares”).
Notwithstanding anything to the contrary in this Agreement, until Petrogas has obtained a Natural Gas Wholesale License, (i) no Banking Case may be prepared on the assumption that Petrogas has obtained, or will obtain, such a License and (ii) no natural gas distribution or other revenue or activity may be attributed to Petrogas under any Banking Case if such revenue or activity can be properly performed only with such a License.
If, by March 1, 2011, EMRA shall not have granted a natural gas wholesale license to Petrogas in accordance with the terms of the Turkish Natural Gas License Regulation and otherwise on terms satisfactory to the Majority Lenders, the Borrower shall prepay $4,000,000 in outstanding principal amount of the Loans (or if less than $4,000,000 is outstanding at such time, such outstanding amount); and”.
Ensure that Petrogas delivers to the Administrative Agent a copy of the Natural Gas Wholesale License promptly following its publication in the Turkish Official Gazette;”.