Compression Assets definition

Compression Assets means all or any portion of any Person’s compression services contracts, compression services customer relationships and compression equipment.
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Compression Assets has the meaning given to such term in Section 4.5(a).
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Compression Assets means the gas compression units and facilities, dehydration facilities directly connected to such compression facilities, and related assets, including each of those gas compression units and facilities, the piping, tanks, machinery, valves, concrete foundations, buildings, structural steel, fixtures, equipment and other facilities located at the sites that are unique or specifically used for or required for the compression and dehydration of gaseous hydrocarbons and inert and noncombustible gases associated with production from oil, condensate, or gas reservoirs.
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Examples of Compression Assets in a sentence

  • Except for Permitted Liens and Liens that will be released at Closing, there are no Liens upon all or any part of the Membership Interests or upon any of the Gathering and Compression Assets.

  • Gathering and Compression Assets In November 2009, we acquired certain companies that held natural gas gathering and treating assets for $45.1 million from MichCon Pipeline Company, a subsidiary of DTE Energy.

  • Contributor will cause NewCo to put into place a replacement for each Bond relating to the Gathering and Compression Assets directly with the relevant Governmental Authority or other third party, as of the Asset Transfer Date.

  • The Parties agree to retain all books and records with respect to Tax matters pertinent to the Gathering and Compression Assets relating to any taxable period beginning at the Effective Time until the expiration of the statute of limitations of the respective taxable periods and to abide by all record retention agreements entered into with any Governmental Authority.

  • The Parties shall cooperate fully, and Contributor (before Closing) and Antero Midstream (after Closing) shall cause NewCo to cooperate fully, as and to the extent reasonably requested by the other Party, in connection with the filing of Tax Returns and any audit, litigation or other proceeding with respect to Taxes relating to the Gathering and Compression Assets.

  • Except as expressly provided otherwise in Section 7.1, NewCo shall be entitled to all of the rights of ownership (including the right to all proceeds), and shall be responsible for all Operating Expenses, in each case attributable to the Gathering and Compression Assets from and after the Effective Time.

  • Due to the common control aspects in the 2015 Holdings Acquisition, the Partnership’s financial results retrospectively include the financial results of the Valley Wells System and Compression Assets for all periods ending after August 4, 2014, the date of the Holdings Transaction.

  • The consolidated net assets associated with the Valley Wells System and Compression Assets as of March 31, 2015 were $88.8 million and are presented in the consolidated balance sheet of the Partnership.

  • Holdings Drop-Down Acquisition On May 7, 2015, we acquired gathering, treating, compression and transportation assets in the 2015 Holdings Acquisition from Holdings and its subsidiaries consisting of the Valley Wells System, the Compression Assets and two NGL pipelines that were under construction at the time of the transaction (and that are now operational).

  • The Partnership’s financial results retrospectively include the financial results of the Valley Wells System and Compression Assets for all periods ending after August 4, 2014, the date of the Holdings Transaction.

Related to Compression Assets

  • 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;

  • Replacement Assets means, on any date, property or assets (other than current assets that are not purchased accounts receivable) of a nature or type or that are used in a Permitted Business (or an Investment in a Permitted Business), which shall include the controlling or majority equity interest in any Person engaged in a Permitted Business.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).