Examples of COO Agreement in a sentence
The Seller has delivered to Buyer a true, complete and correct copy of the budget under the COO Agreement, including for capital expenditures, for 2015.
Until the Closing, the Seller will not resign as the sole member of DBJV, and Seller will cause DBJV to remain and not resign as Operator under the COO Agreement.
The sale of the Plant was subject to a ROFR contained in a 1988 Construction Ownership and Operation Agreement (CO&O Agreement) to which Blaze Energy Ltd.
DBJV is the Operator under the COO Agreement, has not resigned as such, and after the Closing will remain the Operator.
The exception contained in the CO&O Agreement did not apply: the sale of the interest in the Plant from Whitecap to Keyera did not “correspond” with a sale of the West Pembina Area lands.55 3.
On January 31, 2022, with effect as of February 1, 2022, the Corporation entered into an employment agreement with Lara Falzon (the "COO Agreement") to act as COO for an indefinite term, unless terminated (a) by the Corporation, with not less than 12-months' notice, or (b) by Mrs.
As of the date of this Agreement, there are no outstanding capital commitments or other expenditure commitments or budgets of DBJV or under the COO Agreement that will require the Seller or the Buyer to make capital contributions to DBJV, or provide funds under the COO Agreement, or provide for capital expenditures under the COO Agreement, in excess of $20,000 other than those set forth on Schedule 4.19.
He noted that the COO Agreement provided that: “Each Owner shall have the right to use … the Capacity … equal to its respective … Participation … for the transportation of its Gas.”46 “[I]ts Gas” meant, plainly, the gas of each owner.
Seller shall be responsible for funding its share of all Capital Expenditures (as defined in the COO Agreement) that are attributable to periods ended prior to the Effective Time.
To the extent that any Operating Expenses (as defined in the COO Agreement) are required to be funded under Section 5.1 of the COO Agreement after the Closing Date with respect to the System Owners’ System Ownership Interests in respect of periods ended prior to the Effective Time, DBJV shall pay such Operating Expenses and, if Seller pays such amounts, DBJV shall promptly account for and reimburse such payments to Seller.