Gathering System Assets definition

Gathering System Assets the natural gas gathering systems owned by the Borrower and the Group Members, together with all processing plants and facilities constituting a part thereof or necessary for the operation thereof, and all easements, rights of way, privileges, franchises, tracts of land, surface leases, other interests in land, pipelines, equipment, permits, contract rights and personal property constituting a part thereof or necessary for the ownership and operation thereof.
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Gathering System Assets means the "Gathering System Assets", as defined in the Purchase and Sale Agreement, and owned by CFS Central Gulf Coast.
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Examples of Gathering System Assets in a sentence

  • Located in ▇▇▇▇▇▇, ▇▇▇▇▇▇ and DKL Permian Gathering, LLC ▇▇▇▇▇▇ Counties, Texas, the DPG System Assets (as defined in the Permian Gathering System Assets Transaction Agreement listed on Schedule IX).

  • Located in ▇▇▇▇▇▇, ▇▇▇▇▇▇ and ▇▇▇▇▇▇ Counties, Texas, the DPG System Assets (as defined in the Permian Gathering System Assets Transaction Agreement listed on Schedule IX).

  • Permit any Group Member that is not a Qualified ECP Guarantor to own, at any time, any Gathering System Assets or any Capital Stock in any Subsidiaries.

  • Bluestem agrees to assume and pay all duties, liabilities and expenses in connection with construction, operation and maintenance of the Gathering System Assets, to the extent such duties, liabilities and expenses are either (a) incurred or arise on or after the Effective Date; or (b) are unpaid on the Effective Date and were incurred on or after 90 days prior to the Effective Date in connection with the construction of any pipeline.

  • Quest Cherokee agrees to assume and pay or perform all duties, liabilities and expenses in connection with operation and maintenance of the Assets, except for the Gathering System Assets that are to be conveyed to Bluestem, to the extent such duties, liabilities and expenses are either (a) incurred or arise on or after the Effective Date; or (b) are unpaid on the Effective Date and were incurred on or after 90 days prior to the Effective Date in connection with the drilling or completion of any well.