Pipeline Interest definition

Pipeline Interest means MIDSTREAM’S interest in PIPELINE HOLDING immediately prior to the undertaking of the transactions contemplated by this Agreement.
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Pipeline Interest means a 2550% undivided ownership interest as tenants in common in the Pipeline Easements.
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Pipeline Interest means Sellers' interest in the Pipeline.
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Examples of Pipeline Interest in a sentence

  • Subject to the terms and conditions of this Agreement, the Seller agrees to sell to the Buyer the Acquired Company Equity Interests (which includes beneficial and indirect record ownership of the Javelina Plant Interest and the Javelina Pipeline Interest), and the Buyer agrees to purchase such Acquired Company Equity Interests.

  • This 25 km tunnel will generate as much as 4.8 million tonnes of material to be moved by water from 11 construction sites along the river.

  • The inclusion of information in the Schedules hereto shall not be construed as an admission that such information is material to the Pipeline Interest, the Purchased Assets, the Assumed Liabilities or Seller.

  • Buyer and Seller shall cooperate with each other and take all reasonable steps necessary to obtain authorization for the sale of the Pipeline Interest from all other applicable governmental authorities.

  • During this period, Seller shall use all commercially reasonable efforts to furnish, or cause to be furnished to, Buyer and its representatives all data and information concerning the Purchased Assets and the operation of the Pipeline Interest (the "Data") which may reasonably be requested by Buyer and shall use all commercially reasonable efforts to make available, or cause to be made available, such personnel of Seller as may reasonably be requested for the furnishing of such Data.

  • The Purchased Assets are in compliance in all material respects with all laws, governmental regulations, orders and decrees, as they are currently enforced with respect to the operation of the Pipeline Interest by Seller, other than Health, Safety and Environmental Laws (which are addressed in Section 7).

  • In furtherance thereof, Buyer agrees that it shall grant such licenses, easements or other similar rights, in form and substance reasonably satisfactory to Seller, as may be reasonably requested by Seller in order to provide Seller and/or the purchaser(s) of the Pipeline Interest with access to any appurtenant pipeline facilities within the Alliance Refinery and/or the Purchased Assets, including, but not limited to, an easement to the Alliance booster station.

  • Subject to the provisions of the letter agreement between Buyer and Seller with respect to confidentiality dated on or about December 12, 2000 (the "Confidentiality Agreement") and upon reasonable notice, Seller shall grant, or cause to be granted to, Buyer access during normal business hours throughout the period between the date of this Agreement and the Closing Date to the Purchased Assets and the books and records and other information relating to the operations of the Pipeline Interest.

  • Pipeline Interest and Flu Interest shall be payable as set out in Section 3.2. All accrued and unpaid interest shall be capitalized on December 31 of each calendar year and, for purposes of calculating interest thereon, shall be treated as part of the principal amount of the relevant Advance in respect of which such capitalized interest initially accrued thereon.

  • Seller possesses all Permits, and all other governmental licenses, permits and approvals necessary for the operation of the Pipeline Interest as it has been operated by Seller during the immediately preceding five (5) months, and all such Permits and other governmental licenses, permits and approvals are in full force and effect, except for Environmental Permits (which are addressed in Section 7).


More Definitions of Pipeline Interest

Pipeline Interest means a 25% undivided ownership interest as tenants in common in the Pipeline Easements and the Pipeline.
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Pipeline Interest means any pipeline or pipeline assets now or hereafter owned or held as Partnership Assets and used for purposes of gathering, evacuation or transportation of Hydrocarbons produced from the Hydrocarbon Interests owned or held by the Partnership or any lands pooled, unitized or otherwise combined with such Hydrocarbon Interests or any part thereof, including, but not limited to, the following:
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Pipeline Interest has the meaning provided for in Section 3.1.
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Related to Pipeline Interest

  • Asset Interest is defined in Section 2.1(b).

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Water interest means any right to the beneficial use of water, including:

  • Subject Interests means Assignor’s undivided interests in the Subject Lands, as determined prior to giving effect to this Conveyance (or as may be made part of the Subject Interests pursuant to Section 3.1 or 3.2 of the Development Agreement), whether as lessee under leases, as an owner of the Subject Minerals (or the right to extract such Minerals) or otherwise, by virtue of which undivided interests Assignor has the right to conduct exploration, drilling, development and Mineral production operations on the Subject Lands, or to cause such operations to be conducted, or to participate in such operations by paying and bearing all or any part of the costs, risks and liabilities of such operations, to drill, test, complete, equip, operate and produce xxxxx to exploit the Minerals. The “Subject Interests” (a) may be owned by Assignor pursuant to leases, deeds, operating, pooling or unitization agreements, orders or any other instruments, agreements or documents, recorded or unrecorded, (b) include any and all extensions or renewals of leases covering the Subject Lands (or any portion thereof) obtained by Assignor, or any Affiliate thereof, within six (6) months after the expiration or termination of any such lease, and (c) are subject to the Permitted Encumbrances. For the avoidance of doubt, the “Subject Interests” do not include: (i) Assignor’s interests in the Excluded Assets; (ii) Assignor’s rights to substances other than Minerals; (iii) Assignor’s rights to Minerals (other than Assignee Minerals) under contracts for the purchase, sale, transportation, storage, processing or other handling or disposition of Minerals; (iv) Assignor’s interests in, or rights to Minerals (other than Assignee Minerals) held in pipelines, gathering systems, storage facilities, processing facilities or other equipment or facilities, other than Development Xxxxx; or (v) any additional or enlarged interests in the Development Xxxxx, Subject Lands or Subject Minerals acquired by Assignor after the Closing Time, except (1) to the extent any such additional or enlarged interest becomes a part of the Subject Interests by amendment to this Conveyance pursuant to Section 3.1 or 3.2 of the Development Agreement, (2) as may result from the operation of the terms of the instruments creating the Subject Interests, or (3) as may be reflected in extensions and renewals covered by the preceding sentence.

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Subject Interest has the meaning assigned to such term in the recitals.

  • Pipelines means those pipelines within the Storage Facility that connect the Tanks to one another and to the receiving and delivery flanges of the Storage Facility.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Mineral Interests means rights, estates, titles, and interests in and to oil and gas leases and any oil and gas interests, royalty and overriding royalty interest, production payment, net profits interests, oil and gas fee interests, and other rights therein, including, without limitation, any reversionary or carried interests relating to the foregoing, together with rights, titles, and interests created by or arising under the terms of any unitization, communization, and pooling agreements or arrangements, and all properties, rights and interests covered thereby, whether arising by contract, by order, or by operation of Laws, which now or hereafter include all or any part of the foregoing.

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Gathering System means that portion of Gatherer’s pipeline system, including all appurtenances thereto, related to the provision of gathering and transportation services provided by Gatherer pursuant to this tariff.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other burdens upon, measured by or payable out of oil, gas or mineral production.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Undeveloped Land means, (i) all Real Property set forth on Schedule 1.01D to the 2008 Credit Agreement, (ii) all undeveloped land acquired after the Closing Date and (iii) any operating property of the Borrower or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as