Examples of Ranger NGL Pipeline in a sentence
Pursuant to Section 6.12 of the PSA, Buyer requests that following the Closing, Seller assist with certain transition services related to the Ranger Truck Terminal and the Ranger NGL Pipeline.
In the event that the ** Real Property Consent(s) described in Section 2.3(b) of the Disclosure Schedules to the PSA are not obtained prior to Closing, Seller will provide MarkWest Ranger Pipeline Company, L.L.C. (“MarkWest Ranger”), to the commercially reasonable extent possible, with the rights, benefits and burdens of the portion of the Ranger NGL Pipeline that is not conveyed to MarkWest Ranger at the Closing as a consequence of failing to obtain such consent(s).
Specifically, Buyer requests that immediately following the Closing, Seller will continue to perform the monitoring and remote pump/valve operations of both the Ranger Truck Terminal and the Ranger NGL Pipeline (the “Transition Services”) to the same extent as such activities were performed by Seller or its Affiliates prior to the Closing.
The Parties agree that this provision constitutes an “EQT Processing Facilities Agreement” with respect to such portion of the Ranger NGL Pipeline as contemplated by Section 1.8(c) of the PSA.
Notwithstanding the foregoing, in the event that either (x) the above mentioned costs and expenses exceed ** or (y) the loss or taking of the affected Assets would substantially prevent the operation of the Processing Facilities or the operation or construction of the Ranger NGL Pipeline in the ordinary course of business consistent with past practices, then either Party will have the right to terminate this Agreement prior to Closing if Seller elects not to proceed under (i) or (ii) above.