PMLP definition
Examples of PMLP in a sentence
If, for any reason PMLP fails to make an adjustment in the Deduction during a contract year, PMLP shall be entitled to make future annual adjustments to the Deduction.
Each of the Plains Marketing Contracts is a valid and binding obligation of PMLP and is in full force and effect and enforceable in accordance with its terms against PMLP and, to the Knowledge of the Plains Parents, the other parties thereto, except, in each case, (i) where the failure to be so would not reasonably be expected to have a Plains Material Adverse Effect and (ii) as such enforceability may be limited by the Enforceability Limitations.
If Division Orders have been Issued to Pioneer by PMLP and executed by Pioneer covering the w▇▇▇▇ on Exhibit A, the Division Orders are incorporated herein and made a part hereof.
Effective immediately following the consummation of the transaction described in Section 2.1, PAA and PMLP each hereby contribute, convey, assign and transfer to PVGS a 50% interest in the Excess Intercompany Debt.
PMLP has made available to Oryx a true, correct and complete copy of each Plains Marketing Contract which PMLP has the right to provide to Oryx.
Neither PMLP nor, to the Knowledge of the Plains Parents, any other party to any Plains Marketing Contract is in default or breach in any material respect under the terms of such Plains Marketing Contract and, to the Knowledge of the Plains Parents, no event has occurred that (with the giving of notice or the passage of time or both) would constitute a breach or default in any material respect by any party to a Plains Marketing Contract.
For the crude oil sold and delivered hereunder, PMLP agrees to pay a price per barrel equal to SPLLC Colorado Southeastern Crude Oil Posting, capped 44.9ø API gravity.
If Division Orders have been issued to Pioneer by PMLP and executed by Pioneer covering the w▇▇▇▇ on Exhibit A, the Division Orders are incorporated herein and made a part hereof.
Changes to Deduction During the Term of this Agreement, PMLP will not revise the Deduction, except as provided in this provision.
Effective immediately following consummation of the transaction described in Section 2.9, PVGS hereby distributes the MLP LP Interests and the PNGS GP Interest to PMLP and PAA in accordance with their respective percentage interests in PVGS.