Common use of Transfer Mechanics Clause in Contracts

Transfer Mechanics. (a) In the event that UCH determines in good faith that there exists a need on the part of the CCSB or on the part of the Partnership Group to transfer Compression Equipment between the UCH Entities, on the one hand, and the Partnership Group, on the other hand, to meet the compression services obligations of either of the CCSB or the Partnership Group, such Compression Equipment shall be so transferred (or, to the extent provided in Section 4.2, leased), at the election of UCH, from a member of the UCH Entities to a member of the Partnership Group, or from a member of the Partnership Group to a member of the UCH Entities, as the case may be; provided, that all of the following conditions are satisfied with respect to such transfer or lease (each such transfer or lease for the purposes of this Article IV, unless set forth otherwise, a “transfer”) at the Effective Time (as defined below) of such transfer:

Appears in 3 contracts

Samples: Omnibus Agreement (Universal Compression Partners, L.P.), Master Rental Agreement (Universal Compression Holdings Inc), Master Rental Agreement (Universal Compression Partners, L.P.)

AutoNDA by SimpleDocs

Transfer Mechanics. (a) In the event that UCH Exterran determines in good faith that there exists a need on the part of the CCSB or on the part of the Partnership Group to transfer Compression Equipment between the UCH Exterran Entities, on the one hand, and the Partnership Group, on the other hand, to meet the compression services obligations of either of the CCSB or the Partnership Group, such Compression Equipment shall be so transferred (or, to the extent provided in Section 4.2, leased), at the election of UCHExterran, from a member of the UCH Exterran Entities to a member of the Partnership Group, or from a member of the Partnership Group to a member of the UCH Exterran Entities, as the case may be, or exchanged in a like-kind exchange; provided, that all of the following conditions are satisfied with respect to such transfer transfer, exchange or lease (each such transfer transfer, exchange or lease for the purposes of this Article IV, unless set forth otherwise, a “transfer”) at the Effective Time (as defined below) of such transfer:

Appears in 3 contracts

Samples: Omnibus Agreement (Exterran Partners, L.P.), Omnibus Agreement (Exterran Holdings Inc.), Omnibus Agreement (Exterran Partners, L.P.)

Transfer Mechanics. (a) In the event that UCH Exterran determines in good faith that there exists a need on the part of the CCSB or on the part of the Partnership Group to transfer Compression Equipment between the UCH Exterran Entities, on the one hand, and the Partnership Group, on the other hand, to meet the compression services obligations of either of the CCSB or the Partnership Group, such Compression Equipment shall be so transferred (or, to the extent provided in Section 4.2, leased), at the election of UCHExterran, from a member of the UCH Exterran Entities to a member of the Partnership Group, or from a member of the Partnership Group to a member of the UCH Exterran Entities, as the case may be, or exchanged in a like-kind exchange; provided, that all of the following conditions are satisfied with respect to such transfer transfer, exchange or lease (each such transfer transfer, exchange or lease for the purposes of this Article IV, unless set forth otherwise, a “transfer”) at the Effective Time (as defined below) of such transfer:

Appears in 2 contracts

Samples: Omnibus Agreement (Exterran Partners, L.P.), Omnibus Agreement (Exterran Holdings Inc.)

AutoNDA by SimpleDocs

Transfer Mechanics. (a) In the event that UCH Exterran determines in good faith that there exists a need on the part of the CCSB or on the part of the Partnership Group to transfer Compression Equipment between the UCH Exterran Entities, on the one hand, and the Partnership Group, on the other hand, to meet the compression services obligations of either of the CCSB or the Partnership Group, such Compression Equipment shall be so transferred (or, to the extent provided in Section 4.2, leased), at the election of UCHExterran, from a member of the UCH Exterran Entities to a member of the Partnership Group, or from a member of the Partnership Group to a member of the UCH Exterran Entities, as the case may be; provided, that all of the following conditions are satisfied with respect to such transfer or lease (each such transfer or lease for the purposes of this Article IV, unless set forth otherwise, a “transfer”) at the Effective Time (as defined below) of such transfer:

Appears in 2 contracts

Samples: Omnibus Agreement (Exterran Partners, L.P.), Omnibus Agreement (Exterran Holdings Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.