Cenovus Assets definition

Cenovus Assets means the assets to be transferred by EnCana to Subco pursuant to the Separation Agreement and described under “The Arrangement – Pre-Arrangement Reorganization”;
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Cenovus Assets means, without duplication, the following Assets:
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Cenovus Assets means the assets transferred by EnCana to Subco pursuant to the Separation Agreement and described under “General Development of Our Business – The Arrangement”;
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Examples of Cenovus Assets in a sentence

  • The Parties acknowledge and agree that the Separation is intended to result in Subco (and its Affiliates) operating the Separated Businesses, Subco owning the Cenovus Assets and Subco assuming or being responsible for the Cenovus Liabilities and EnCana (and its Affiliates) operating the EnCana Businesses, owning the EnCana Assets and remaining responsible for the EnCana Liabilities.

  • If, immediately prior to the Reorganization Time, legal title to any Cenovus Asset transferred hereunder is held by any other Person as bare trustee, agent, nominee or similar arrangement for EnCana, EnCana shall take all actions necessary to ensure that, from and after the Reorganization Time, such Person shall hold legal title to such Cenovus Assets as bare trustee, agent and nominee for Subco.

  • The Parties agree to implement the Separation for the purpose of causing as at the Reorganization Time: (i) the Cenovus Assets to be transferred to Subco; (ii) the EnCana Assets to continue to be held by EnCana; (iii) the Cenovus Liabilities to be assumed by or become the responsibility of Subco; and (iv) the EnCana Liabilities to remain the responsibility of EnCana, on the terms and subject to the conditions set forth in this Agreement.

  • Agfa-Gevaert NV has a three-year multi-currency revolving credit facility of 230 million Euro at its discretion.

  • The effect of the Pre-Arrangement Reorganization will be, among other things, to transfer to Subco the assets and liabilities associated with the EnCana businesses to be owned and operated by Cenovus after giving effect to the Arrangement.Pursuant to the Arrangement, EnCana will, among other things, transfer its shares in Subco to Cenovus, and Subco and Cenovus will amalgamate to form Cenovus, thereby completing the transfer of the Cenovus Assets.

  • EnCana shall take, or cause to be taken, all actions necessary to further document the transfer, assignment, delivery or conveyance to Subco of legal title to the Cenovus Assets, the beneficial title of which is transferred hereunder as at the Reorganization Time.

  • The Parties acknowledge that prior to the Reorganization Time, EnCana may have, without limiting its obligations hereunder, transferred legal title in and to certain of the Cenovus Assets to Subco as bare trustee, agent and nominee for EnCana.

  • At all times from the Reorganization Time until the further documentation of legal title to the Cenovus Assets is completed, EnCana shall hold legal title to any such Cenovus Assets as bare trustee, agent and nominee of Subco.

  • On 7 July 2021, i3 announced that it had reached a definitive agreement with Cenovus Energy Inc., a senior Canadian oil and gas producer, to acquire certain petroleum and infrastructure assets within i3's Central Alberta core area (the "Cenovus Assets"), for a total consideration of CAD65 million (US$53.7 million) (the "Acquisition").

  • Notwithstanding the foregoing, the Cenovus Assets shall be transferred to Subco in accordance with Section 2.3 herein, free and clear of all financial encumbrances relating to EnCana indebtedness to third parties in respect of loans made by such third parties to EnCana.

Related to Cenovus Assets

  • Gross Assets means the total of fixed assets and current 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;

  • 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;

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

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

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

  • 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.

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

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

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

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

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

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

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • IT Assets means Software, systems, servers, computers, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation, in each case, used or held for use in the operation of the Business.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

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

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

  • 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.

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

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

  • 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).

  • 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;

  • Shared-Loss Assets means Shared-Loss Loans, Other Real Estate purchased by the Assuming Institution, Additional ORE, Shared-Loss Subsidiaries, and Capitalized Expenditures, but does not include Shared-Loss Securities.

  • 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;