Gathering Assets definition

Gathering Assets means all of the gathering lines, flow lines, gas lines, gas processing and gathering line compression facilities, processing plants, storage rights and transportation capacity (including downstream transportation capacity), tubing, pumps, motors, gauges, meters, valves, SCADA and other automation equipment and other machinery and equipment, in each case, that are not Lease Owned, including without limitation all of the rights of way, surface interests, surface lease agreements, surface use agreements, railroad crossings, easements and similar real estate interests related thereto and all contracts, Permits, pipeline and plant imbalances, and records relating to the ownership, operation or maintenance of any of the foregoing.

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Gathering Assets means natural gas gathering systems and related facilities, including all appurtenances, metering facilities, fee property, leases, easements, licenses, permits, right of ways, contracts, contract rights and other rights, necessary for the design, development, construction, maintenance, upkeep, repair, or operation thereof.

Gathering Assets means the gas gathering and pipeline systems and related facilities described on Exhibit H.

Examples of Gathering Assets in a sentence

• Upon the termination of the Sale-Leaseback Agreement, Seller shall pay 74% of the amount required to buy back such Piceance Gathering Assets and such Piceance Water Infrastructure to the extent such assets are subject to the Sale-Leaseback Agreement, and Buyer shall bear 26% of such amount.

• All Encumbrances on the Subject Membership Interests, and all liens created in connection with the EXCO Debt Instruments on the Subject Non-Operating Assets, Operating Assets, Gathering Assets or other assets to be owned by the Newcos, the Operator and Midstream LLC shall be fully released at Closing by form of release acceptable to BG.

• As to such capital and operating expenses and, if the Parties expand the Piceance Gathering Assets and/or the Piceance Water Infrastructure after the Effective Time, Seller shall bear 74% of the associated costs and Buyer shall bear 26% of such costs.

• The Rights of Way listed on Schedule 1.1(b) comprise all of the material Rights of Way necessary to own and operate the Gathering Assets as operated on the date hereof.

• Except as set forth in Schedule 4.25, neither Seller, any Affiliate of Seller nor the Company is obligated to the Railroad Commission of Texas (the “RRC”) or any other Governmental Entity having jurisdiction over the Gathering Assets for any surety bonds, payments, penalties, interest, or other sums, and each of Seller, each of such applicable Seller Affiliates and the Company is otherwise in good standing with the RRC and all other Governmental Entities having jurisdiction over the Gathering Assets.

More Definitions of Gathering Assets

Gathering Assets means all assets owned by Gathering Opco and its Subsidiaries as of the IPO Effective Date.

Gathering Assets means all of the property and assets described on Exhibit A to the Contribution Agreement.

Gathering Assets means the natural gas, crude oil and NGL gathering pipelines and all other assets owned by Hess North Dakota Pipelines LLC as of the Effective Date.

Gathering Assets the Real Property-Gathering, Plant Interest, Personal Property-Gathering, Line Pack-Gathering, Contracts-Gathering, Permits-Gathering and Other Assets-Gathering, except for the Excluded Assets.

Gathering Assets means (a) that certain gas gathering system located in Tarrant County, Wise County and ▇▇▇▇▇▇ County, Texas, and (b) all of the Company’s and its Subsidiaries’ rights, titles and interests, whether direct or indirect, in and to all of the property, rights or interests incident to such gathering system, including, without limitation, all of the Company’s and its Subsidiaries’ rights, titles and interests in and to all Oil and Gas Contracts relating thereto, easements, rights of way, system permits, equipment, facilities, fixtures and other items of personal property and improvements on the date of this Agreement appurtenant to such gathering system or used, obtained or held for use in connection with the operation of such gathering system.

Gathering Assets has the meaning set forth in the Recitals above.

Gathering Assets means the Real Property-Gathering, Personal Property-Gathering, Line Pack-Gathering, Contracts-Gathering, Permits-Gathering and Other Assets-Gathering, except for the Excluded Assets.