DCP SOUTH CENTRAL definition
DCP SOUTH CENTRAL shall have the meaning given such term in the Recitals.
DCP SOUTH CENTRAL shall have the meaning given such term in the Recitals. “Defensible Title” shall mean, as to the Assets, such title to the Assets that vests the applicable Entity or Subsidiary with indefeasible title in and to the Assets free and clear of Liens other than Permitted Encumbrances. “DEIN” shall have the meaning given such term in the Recitals. “Effective Time” shall mean 12:05 a.m. Denver time on the Closing Date or such other time and place mutually agreed to by the Parties in writing. “Entities” shall mean the JV, SAND HILLS and SOUTHERN HILLS. “Environmental Law” shall mean any and all Laws, statutes, ordinances, rules, regulations, or orders of any Governmental Authority in existence at the Effective Time pertaining to employee health, public safety, pollution or the protection of the environment or natural resources or to Hazardous Materials in any and all jurisdictions in which the party in question owns property or 5 conducts business or in which the Assets are located, including the Clean Air Act, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (“CERCLA”), the Federal Water Pollution Control Act, the Occupational Safety and Health Act of 1970 (to the extent relating to environmental matters), the Resource Conservation and Recovery Act of 1976 (“RCRA”), the Safe Drinking Water Act, the Toxic Substances Control Act, the Hazardous & Solid Waste Amendments Act of 1984, the Superfund Amendments and Reauthorization Act of 1986, the Hazardous Materials Transportation Act, the Oil Pollution Act of 1990, any state or local Laws implementing or substantially equivalent to the foregoing federal Laws, and any state or local Laws pertaining to the handling of oil and gas exploration, production, gathering, and processing wastes or the use, maintenance, and closure of pits and impoundments. “Environmental Matters” shall have the meaning given such term in Section 4.4(b). “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. “Excluded Assets” shall mean all of the following: (a) Any deposits or pre-paid items attributable to the operation of the Assets not paid by or on behalf of the Entities or their Subsidiaries; (b) With respect to the Subject Interests, Claims for refund of or loss carry forwards with respect to (i) Taxes attributable to the business of the Entities or their Subsidiaries for any period prior to the Closing Date or (ii) any Taxes attributable to any of the Excluded Assets; (c) All w...
Examples of DCP SOUTH CENTRAL in a sentence
Upon the terms and subject to the conditions of this Agreement, at the Closing, but effective for all purposes as of the Effective Time (i) HOLDINGS shall cause the Subject Interests to be assigned to DCP SOUTH CENTRAL in exchange for the delivery by MLP of the Consideration to HOLDINGS pursuant to Section 2.2, and (ii) DCP SOUTH CENTRAL shall assume and thereafter timely perform and discharge in accordance with their respective terms, all Assumed Obligations.