Priority Two Dedicated Properties definition
Priority Two Dedicated Properties means Shipper’s interest in oil and/or gas leases, mineral interests and other similar interests that are not Priority One Dedicated Properties or ROFO Properties and which (a) are described on Exhibit B-2 as of the Execution Date (the “Initial Priority Two Dedicated Properties”) or (b) Shipper elects to dedicate pursuant to Section 2.2(b) and Gatherer accepts (or is deemed to have accepted) such dedication pursuant to Section 2.2(b).
Examples of Priority Two Dedicated Properties in a sentence
From time to time after the Execution Date, subject to Section 2.2(b), Shipper may designate its interests in oil and/or gas leases, mineral interests and other similar interests that are not ROFO Properties or Priority One Dedicated Properties as Priority Two Dedicated Properties.