IDR Purchase and Sale definition

IDR Purchase and Sale has the meaning set forth in the IDR Sale Agreement.

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IDR Purchase and Sale has the meaning set forth in Section 2.1.

Examples of IDR Purchase and Sale in a sentence

• In connection with such cancellation, EQT EQGP shall retain its rights to any capital account in RMP associated, as of immediately prior to the Merger, with the RMP Incentive Distribution Rights acquired by EQGP pursuant to the IDR Purchase and Sale Agreement.

• In consideration for the IDR Purchase and Sale (and concurrently therewith), EQGP shall issue (such issuance, together with the IDR Purchase and Sale, the “Transactions”) to RMGH (or, if requested in writing by RMGH at least one Business Day prior to the Closing, EQT or another Subsidiary of EQT) 36,293,766 EQGP Common Units (the “Transaction Common Units” or the “Consideration”).

• All conditions precedent to the IDR Transaction shall have been fulfilled or waived in accordance with the IDR Purchase and Sale Agreement as in effect as of the date hereof, and closing of the IDR Transaction shall have been consummated on the terms reflected in the IDR Purchase and Sale Agreement as in effect as of the date hereof.