PNG Assets definition

PNG Assets means the Petroleum and Natural Gas Rights, the Tangibles and the Miscellaneous Interests.
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PNG Assets means the Petroleum and Natural Gas Rights, the Seismic Data, the Tangibles and the Miscellaneous Interests.
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PNG Assets means P&NG Leases and P&NG Rights located in the United States of America.
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Examples of PNG Assets in a sentence

  • The structures in the samples(Figure 8a and 8b) appeared to be mostly amorphous when the alkalinity was 1.0 mol/L to ~1.5 mol/L NaOH.

  • Hence, the regulatory structure described above was justified on the basis that industry ultimately was responsible for abandonment costs of orphaned PNG Assets through the orphan well levy.49 The industry lobbied for this structure and in the years since has enjoyed the benefit of not having to post security up-front every time wells were drilled or facilities and pipelines were constructed, and in being able to defer abandonment costs seemingly indefinitely.

  • The Vendor does not warrant title to the Assets but does represent and warrant that neither the Corporation nor the Vendor has done any act or thing whereby any of the PNG Assets may be cancelled or determined and, except for Permitted Encumbrances, the PNG Assets are free and clear of all Burdens created by, through or under the Corporation or any other Affiliate of the Vendor, or of which the Vendor has knowledge.

  • In October of 2023, the AER approved the license transfer application made in respect of the PNG Assets; the Bitstone Transaction subsequently closed on October 30, 2023.

  • The Court declares that the Receiver is not required to comply with or perform and is not liable for abandonment, reclamation and remediation obligations in relation to those PNG Assets that were re- nounced by the Receiver, ...

  • Provided Closing occurs (except to the extent required pursuant to Applicable Law), the Vendor shall keep confidential all information respecting the PNG Assets for a term of 18 months from the date of Closing.

  • None of the Watford Entities, Watford Energy or Amalco has received and, to the knowledge of the Vendors, none of its agents or any applicable operator of the PNG Assets have received any notice of default under the Title and Operating Documents or any notice alleging material default under any other agreement pertaining to any of the PNG Assets which default has not been rectified as of the Signing Date.

  • Additionally, Robus has a 100% working interest in 2 xxxxx which are located in the Southern Block (together with the associated PNG Assets, the “2 Xxxxx”).

  • To the knowledge of the Vendor, Invasion has provided the ------ Purchaser access to all material and relevant information and documentation with respect to Invasion and the PNG Assets.

  • Prior to the Closing, the Purchaser shall keep confidential all information disclosed to it by the Vendor, a Purchased Entity or their agents relating to the Purchased Entities and the PNG Assets in accordance with the provisions of the Confidentiality Agreement.


More Definitions of PNG Assets

PNG Assets means (i) the assets, including pipelines, valves, fittings, regulation, real property interests and associated facility records associated with each of the Xxxxxx Xxxxxx storage facilities, Xxxxxxx storage facilities, Truittsburg storage facilities and Xxxxx storage facilities, all as more completely described in Exhibit C-1 (“Exhibit C-1”) of the Asset Exchange Agreement dated as of December 19, 2012 between the Company and EQT Corporation, (ii) additional assets described in Exhibit C-1, including approximately 200 miles of transmission pipeline, certain interstate pipeline interconnect facilities, certain relay compressor facilities, certain storage compressor facilities and certain information technology and other assets, and (iii) all issued and outstanding membership interests in Xxxxx Mountain.
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Related to PNG Assets

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Specified Assets the following property and assets of such Grantor:

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Consolidated Assets means, at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Subject Assets is defined in Section 2.2(c).

  • Retained Assets has the meaning set forth in Section 2.2.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Invested Assets means cash, Cash Equivalents, short term investments, investments held for sale and any other assets which are treated as investments under GAAP.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Gross Assets means the total of fixed assets and current assets;

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.