Gas Assets definition

Gas Assets means the Gas Units, Xxxxx, Well sites, and all associated facilities, including Gas Reserves and Systems within the Pennsylvania Mine Area.
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Gas Assets shall have the meaning set forth in the Separation Agreement.
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Gas Assets means the Gas Units, Xxxxx, Well sites, and all associated facilities, including Gas Reserves and Systems within the Cooperation Area.
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Examples of Gas Assets in a sentence

  • Rights and obligations associated with operatorship of the Oil and Gas Assets are governed by operating agreements or similar agreements and will be determined in accordance with the terms of such agreements.

  • Buyer is purchasing the Oil and Gas Assets for commercial or business use and has knowledge and experience in financial and business matters that enables it to evaluate the merits and the risks of a transaction such as the Transaction.

  • Special procedures may be required for the remediation, removal, transportation or disposal of wastes, asbestos, hazardous substances/materials, including hydrogen sulfide gas and NORM from the Oil and Gas Assets.

  • From and after the Closing, Buyer shall assume responsibility for the control, storage, handling, transporting and disposing of or discharge of all materials, substances and wastes from the Oil and Gas Assets (including produced water, hydrogen sulfide gas, drilling fluids, NORM and other wastes), present after the Closing Date, in a safe and prudent manner and in accordance with all applicable Environmental Laws.

  • This Agreement shall govern the respective rights and obligations of the Development Parties with respect to the funding, development and operation of the Subject Oil and Gas Assets and the Springfield Gathering Assets, to the extent provided herein.

  • Except for the CCAA Proceedings (for greater certainty, once commenced) and as set forth in the Disclosure Schedule, there is no Proceeding or Order pending, outstanding or, to Seller's Knowledge, threatened against Seller or the Oil and Gas Assets that seeks to restrain or prohibit or otherwise challenge the consummation, legality or validity of the Transaction or that would have, individually or in the aggregate, a Material Adverse Effect.

  • If any such Third Party elects to exercise such Preferential Purchase Right, the definition of Oil and Gas Assets shall be deemed to be amended to exclude those Oil and Gas Assets in respect of which the Preferential Purchase Right has been exercised, such Oil and Gas Assets shall not be conveyed to Buyer and the Purchase Price shall be reduced accordingly.

  • Notwithstanding the foregoing, Seller makes no representations or warranties to Buyer as to the transferability of operatorship of any Oil and Gas Assets that Seller currently operates.

  • Buyer acknowledges that the Oil and Gas Assets have been used for exploration, development and production of Petroleum Substances and water and that there may be petroleum, produced water, wastes or other materials located on, under or associated with the Oil and Gas Assets.

  • Upon the terms and subject to the conditions of this Agreement, on the Closing Date, Seller shall sell, transfer, assign, convey and deliver, or cause to be sold, transferred, assigned, conveyed and delivered, the Oil and Gas Assets to Buyer, and Buyer shall purchase the Oil and Gas Assets from Seller.


More Definitions of Gas Assets

Gas Assets means:
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Gas Assets means both:
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Gas Assets means, for any date of determination, all Gas transportation and storage capacity held by SET as of such date that MX: (i) directed or caused to be released to SET by any LDCs; or (ii) released or re-released to SET.
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Related to Gas Assets

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

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

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

  • 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.

  • 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.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

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

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

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

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

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

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

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

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

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

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

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

  • Oil and Gas Interests means: (a) direct and indirect interests in and rights with respect to oil, gas, mineral and related properties and assets of any kind and nature, direct or indirect, including, without limitation, working, royalty and overriding royalty interests, mineral interests, leasehold interests, production payments, operating rights, net profits interests, other non-working interests, contractual interests, non-operating interests and rights in any pooled, unitized or communitized acreage by virtue of such interest being a part thereof; (b) interests in and rights with respect to Hydrocarbons and other minerals or revenues therefrom and contracts and agreements in connection therewith and claims and rights thereto (including oil and gas leases, operating agreements, unitization, communitization and pooling agreements and orders, division orders, transfer orders, mineral deeds, royalty deeds, oil and gas sales, exchange and processing contracts and agreements and, in each case, interests thereunder), and surface interests, fee interests, reversionary interests, reservations and concessions related to any of the foregoing; (c) easements, rights-of-way, licenses, permits, leases, and other interests associated with, appurtenant to, or necessary for the operation of any of the foregoing; (d) interests in oil, gas, water, disposal and injection xxxxx, equipment and machinery (including well equipment and machinery), oil and gas production, gathering, transmission, compression, treating, processing and storage facilities (including tanks, tank batteries, pipelines and gathering systems), pumps, water plants, electric plants, gasoline and gas processing plants, refineries and other tangible or intangible, movable or immovable, real or personal property and fixtures located on, associated with, appurtenant to, or necessary for the operation of any of the foregoing; and (e) all seismic, geological, geophysical and engineering records, data, information, maps, licenses and interpretations.

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

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Oil and Gas Business means the business of the exploration for, and exploitation, development, production, processing (but not refining), marketing, storage and transportation of, hydrocarbons, and other related energy and natural resource businesses (including oil and gas services businesses related to the foregoing).

  • 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.

  • Connection Assets means that portion of the distribution system used to connect a customer to the existing main distribution system, and consists of the assets between the point of connection on a distributor’s main distribution system and the ownership demarcation point with that customer;

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