Examples of Midstream Properties in a sentence
The employee may require that the appropriate public agency investigate and/or analyze the practice, conditions or occurrence as promptly as possible.
Upon satisfaction of the covenants in Section 8.18,8.16, the Administrative Agent shall have received title opinions, title reports or other title due diligence reflecting that the Borrower or the Guarantors shall have title reasonably satisfactory to the Administrative Agent in (a) such Oil and Gas Properties of the Borrower and the Guarantors constituting 80% of the Proved Reserves evaluated in the Initial Reserve Report.RBL Component and (b) the material Midstream Properties.
Subject to Excepted Liens, each of the Obligors have good and indefeasible title to all of its Oil and Gas Properties evaluated in the most recently delivered Reserve Report and to all Midstream Properties, free and clear of all Liens except for Excepted Liens.
In order to comply with the foregoing, if any Subsidiary places a Lien on its Oil and Gas Properties or Midstream Properties and such Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with Section 8.13(b).
Each Credit Party and Drop Down Entity Mortgagor is in compliance, in all material respects, with all rules, regulations and orders of all rules, regulations and orders of any State agency with jurisdiction to regulate its Midstream Properties, and as of the date of this Agreement no Credit Party is liable for any refunds or interest thereon as a result of an order from any such State agency.