Downstream Business definition

Downstream Business means the business and operations currently conducted by Targa and its affiliates described in the Targa Resources, Inc. Annual Report on Form 10-K for the year ended December 31, 2008, as the NGL Logistics and Marketing Division, consisting of three segments: Logistics Assets, NGL Distribution and Marketing and Wholesale Marketing.

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Downstream Business means the ownership, operation, management and maintenance of the Facilities and all associated assets and infrastructure pertaining to the downstream business of the Company Group, including all activities related thereto (including the direct or indirect participation in the refining, transportation, marketing, storage or sale of hydrocarbons and refined products), but, for the avoidance of doubt, excluding the Retained Business, the Retained Liabilities, Legacy Assets and the Midstream Business.

Downstream Business means the flat rolled products business conducted at the rolling ▇▇▇▇▇ in (i) Huntingdon, Tennessee, (ii) Newport, Arkansas, and (iii) Salisbury, North Carolina, and any assets, facilities, Real Property, personal property, plants, equipment, inventory, and accounts receivable associated therewith.

Examples of Downstream Business in a sentence

From and after the date hereof, the G&A Expenses Limit is increased by the actual amount of general and administrative expenses allocated by Targa for the services provided to the Downstream Business, according to the allocation methodology utilized by Targa.
The Partnership’s Logistics and Marketing segment is also referred to as its Downstream Business.
Buyer acknowledges, however, that the Downstream Business does include various contracts which constitute physical ▇▇▇▇▇▇ such as forward sale arrangements.
Except as set forth in Schedule 4.12, each of the Companies possesses or has the ability to operate under all material Permits necessary for it to own its assets and operate the Downstream Business as currently conducted.
Schedule 4.15(c) includes a list of all real estate leases which involve the payment by the Companies of in excess of $250,000 in any calendar year or which if lost would have a material and adverse impact on the Companies’ ability to conduct the Downstream Business (“Material Real Estate Leases”).
The real property and personal property owned by the Companies and used in the Downstream Business are subject to no Liens other than Permitted Liens.
Buyer and Sellers shall utilize, and/or cause their Affiliates to utilize, the alternate procedure set forth in IRS Revenue Procedure 2004-53 with respect to wage reporting for employees associated with the Downstream Business.
Buyer and Sellers agree to cooperate to ensure that the Purchased Interests and the related Downstream Business are transferred to the Buyer free of any financial hedge transactions.
To provide these services, the Partnership operates in two primary segments (previously referred to as divisions): (i) Gathering and Processing, and (ii) Logistics and Marketing (also referred to as the Downstream Business).
Note 24 — Segment Information The Partnership operates in two primary segments (previously referred to as divisions): (i) Gathering and Processing, and (ii) Logistics and Marketing (also referred to as the Downstream Business).

More Definitions of Downstream Business

Downstream Business means that portion of the business of the Company that is primarily engaged in fractionating, storing, terminalling, transporting, distributing and marketing natural gas liquids, including the following principal assets: Houston Area, Louisiana Area, NGL Marketing, and Wholesale Marketing and Commercial Transportation (each term, as defined in the PIPA).

Downstream Business means and includes the Dahej-Nagothane pipeline transporting ethane from Dahej to Nagothane and also includes the business of the Demerged Company in relation to ethane trading and pipeline infrastructure services

Downstream Business means our flat rolled products reportable segment consisting of four rolling mill facilities.

Downstream Business means the business of providing products and services for refineries, petrochemical processing facilities and other facilities as presently conducted by the Company and its Subsidiaries and generally described on Section 1.1(i) of the Company Disclosure Schedule.