PIPELINE SPC definition
PIPELINE SPC. Means “Energía YAAX”, S.A. de C.V., a Mexican Sociedad Anónima de Capital Variable (S.A. de C.V.) (limited liability stock corporation of variable capital), incorporated on May 24, 2006 under standard, non-specific by-laws (i) in which as of this date each of the Pipeline Company and MGN have an equity participation of 50%, and (ii) through which the Pipeline will be developed, owned and operated.
PIPELINE SPC. Means the Mexican limited liability company of variable capital, in which a JV Entity shall have an equity participation of up to 50%, through which the Pipeline will be developed, owned and operated.
PIPELINE SPC. Means the Mexican limited liability company of variable capital, in which a JV Entity shall have an equity participation of up to 50%, through which the Pipeline will be developed, owned and operated. "PIPELINE" Means an open access natural gas transportation system, with the preliminary characteristics indicated in Exhibit "A" hereto. "PROJECT Means each of the Terminal SPC and the Pipeline SPC, indistinctively. COMPANY" "PROJECT Means that Person which shall hold at least a 50% equity participation in each of the Project Companies. PARTNER" "PROJECT" Means: (i) the construction, financing, ownership and operation of the Pipeline, and (ii) the construction, financing, ownership and operation of the Terminal. "RECEIVING Means that Party which receives Confidential Information from the other Party. PARTY" "TERMINAL SPC" Means the Mexican limited liability company of variable capital, in which a JV Entity shall have an equity participation of up to 50%, through which the Terminal will be developed, owned and operated. "TERMINAL" Means an open access LNG storage and regasification facility, with the preliminary characteristics indicated in Exhibit "B" hereto. "TRANSACTION" Means the undertaking by each of the Parties of all legal and de facto actions which are necessary or convenient for the execution of the Joint Venture Agreement and the subsequent incorporation of the JV Entities, taken as a whole.