SOS Owner definition
Examples of SOS Owner in a sentence
It is contemplated that 100% of the available capacity of the Solely Owned Segments will be committed to SES under the terms of the applicable SOS SES Gathering Agreement; and each SOS Owner shall execute and deliver a SOS SES Gathering Agreement with respect thereto prior to the commencement of operations of the applicable Solely Owned Segment, unless SES expressly waives this requirement in writing.
Thereafter, the SOS Owner shall make a calculation of Net Profits with regard to such Solely Owned Segments annually (“Net Profits Calculation Date”) and pay any Net Profits due to the Non-Participating Owners within ten (10) business days after such Net Profits Calculation Date.
Each Owner and SOS Owner agrees to comply with all Applicable Law relative to their ownership or obligations regarding the Gathering System or any Solely Owned Segments.