PETRON definition
Examples of PETRON in a sentence
Other than (i) dispositions not exceeding $50 million during any fiscal year, (ii) dispositions publicly announced prior to the date hereof or pursuant to agreements in effect on the date hereof, (iii) dispositions of Conectiv Communications, Inc., Conectiv Thermal Systems, Inc., Petron Oil Corp.
The addresses and facsimile numbers for such communications shall be: If to the Company: Petron Energy II, Inc.
Unless otherwise defined herein, capitalized terms shall have the defined meaning set forth in the Petron Energy II, Inc.
In consideration for the Acquisition Consideration and subject to the satisfaction or waiver of the Closing Conditions, Petron agrees to enter into a superceding Definitive Agreement setting forth the Agreed Upon Transaction Structure with the relevant ONE Energy Entities (and where applicable, their Security Owners) to acquire the Interests, prior to the Deadline.
Upon extra-judicial petition for sale under Act 3135, as amended by Act 4118 filed by the petitioner/mortgagee, HOME DEVELOPMENT MUTUAL FUND (Otherwise known as PAG-IBIG Fund), a government financial institution duly organized and existing under and by virtue of Republic Act No. 9679, with postal address at The Petron Mega Plaza Building, ▇▇.
The Assignment contemplated hereby with respect to the TEA Agreement can only be made effective after PeruPetro S.A. approves the qualifications of Gulf in accordance with Peruvian law, the Assignment with respect to the TEA Agreement and the assignment of the TEA Agreement from Petron Resources, LP to Operator (the “TEA Approvals”).
Petron also agrees to issue more preference shares similar to those being issued to the ONE Energy shareholders for their working interest shareholders in Redder.
Following the Assumption, Petron shall have no further rights under, requirements or liabilities in connection with, or obligations under this Agreement, except as set forth in Section 10 (collectively the “Continuing Obligations”); notwithstanding the fact that Restaurant Concepts shall also be deemed to have agreed to and to be bound by the Continuing Obligations.
Following the Assumption, Petron shall have no further rights under, requirements or liabilities in connection with, or obligations under this Agreement, except as set forth in Section 4, Section 5(c), Section 5(d), Section 5(d), Section 6 (relating to Services performed by ASL prior to such Assumption date) and Section 13 (collectively the “Continuing Obligations”); notwithstanding the fact that Restaurant Concepts shall also be deemed to have agreed to and to be bound by the Continuing Obligations.
This Agreement and all other agreements and documents referred herein constitutes the entire agreement between Petron and ONE Energy.