Shell Transaction definition

Shell Transaction means KRATON’s acquisition of its present Subsidiaries pursuant to (i) the Master Sale Agreement, dated as of August 31, 2000, as amended, between Shell Oil Company, Shell Elastomers, Inc. and KRATON and (ii) the Sale Agreement, dated as of October 20, 2000, as amended, between Shell Petroleum N.V. and KRATON.
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Shell Transaction means the payment by the Borrower to Shell of the Shell Payment, the issuance by the Parent to Shell of the shares of the Parent's Preferred Class A Series II, the execution and delivery by Shell, the Borrower, and the Parent of that certain Conveyance of Overriding Royalty Interest and Termination of Contract Rights, and the execution and delivery by Shell of that certain Release of Liens and Security Interests, in each case in accordance with the Shell Letter Agreement.
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Shell Transaction the LOPI Merger and the SWEPI Purchase, and the transactions contemplated by the Merger Agreement, Asset Purchase Agreement, the Stock Rights and Restrictions Agreement, Registration Rights Agreement and Preferred Stock Designation.
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Examples of Shell Transaction in a sentence

  • Nothing in this Agreement shall modify, amend, supersede, or replace any term or provisions of the Inland MRA, Cheney MRA, Shell Transaction, or Transalta Transaction.

  • If NESC or ▇▇▇▇ recovers any replacement power costs under the Shell Transaction or the Transalta Transaction for non-delivery of power during an hour, then NEMS shall allocate such replacement power costs to the Party that did not receive power for such hour consistent with the terms and intent of this Agreement.

  • For each hour in which a Party’s delivery obligation is suspended pursuant to this Section 3.2, such Party may retain for its own account any firm power received by it pursuant to the Shell Transaction in the case of Inland, or the pursuant to the Transalta Transaction in the case of Cheney.

  • Cheney, Inland, and NEMS shall promptly communicate to each Party (and to NEMS, as applicable) as soon as it becomes aware of any curtailment of non-delivery of firm power pursuant to this Agreement, pursuant to the Shell Transaction in the case of Inland, or the pursuant to the Transalta Transaction in the case of Cheney.

  • The first Property Operating Statement shall be delivered on September 20, 1999, and, excluding any payments made pursuant to the properties acquired pursuant to the Shell Transaction, will detail Gross Receipts attributable to the production of Hydrocarbons from the Properties during the month of August, 1999, and Operating Expenses, Direct Taxes, royalties, overriding royalty interests and other payments out of or measured by production relating to production and operations for August, 1999.

  • XCel shall take all action to cause the individual named on Schedule 7.16 to be elected to the board of directors of Public XCel (the “Board”) upon the closing of the Public Shell Transaction.

  • Each of the Partnership Entities party thereto has all requisite power and authority to enter into the Shell Transaction Documents, and to consummate the Shell Transactions.

  • The Buyers agree that XCel shall not consummate the Public Shell Transaction unless Public XCel, immediately prior to such transaction, does not, to the Buyer’s Knowledge, have any material Liabilities.

  • Inland’s obligation to deliver one (1) MW of firm power to Cheney at Mid-C during any hour of the Delivery Period is contingent upon Inland’s receipt during such hour of at least one (1) MW of firm power at Mid-C pursuant to the Shell Transaction.

  • Unless the Parties agree otherwise in writing, the Public Shell Transaction shall be consummated as described in the Recitals.