Examples of Resource Entities in a sentence
The Resource Entities agree to assist the MLP in seeking to identify for possible acquisition Third Party Gathering Systems and to provide consulting services to MLP in evaluating and acquiring any such identified gathering system.
If the MLP advises the Resource Entities of its intent to acquire the Identified Third Party Gathering System, the Resource Entities shall refrain from making an offer for the Identified Third Party Gathering System except as permitted hereunder.
The Resource Entities shall give the MLP written notice of the intent to drill a Resource Entity Well subject to this Section.
Such notice shall identify the gathering system and its seller and the proposed sales price of the Identified Third Party Gathering System, and shall include all written information about the Identified Third Party Gathering System provided to the Resource Entities by or on behalf of the seller as well as any information or analyses compiled by the Resource Entities from other sources.
The Resource Entities shall not be entitled to any other compensation for the performance of construction management services hereunder.
The Resource Entities jointly and severally agree that, at their sole cost and expense, they will construct up to 2,500 feet of Flow Line from any Connectable Well to the Gathering System.
In providing construction management services hereunder, the Resource Entities shall provide the services of a general contractor with respect to the applicable construction project.
In the event the MLP expands the Gathering System or constructs a new addition to the Gathering System, whether pursuant to Article 2 or otherwise, the Resource Entities agree to provide to the MLP construction management services in connection with any such expansion as requested by the MLP.
If the MLP (i) advises the Resource Entities that it does not intend to acquire the Identified Third Party Gathering System, (ii) advises the Resource Entities of its intent to acquire the Identified Third Party Gathering System but does not complete the acquisition within 60 days of the MLP's notice of its intent to the Resource Entities or (iii) fails to timely advise the Resource Entities of its intent, any of the Resource Entities shall be free to acquire the Identified Third Party Gathering System.
Further, the Resource Entities agree to give the MLP written notice of the identification by any of them of any Third Party Gathering System for possible acquisition by such Resource Entity or any Affiliate (each, an "Identified Third Party Gathering System").