Lateral LLC definition

Lateral LLC has the meaning specified in the recitals to this Agreement.
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Examples of Lateral LLC in a sentence

  • For purposes of allocating the taxable income of FPS LLC and Lateral LLC for the 2016 tax year between Seller and Buyer, the Parties shall cause FPS LLC and Lateral LLC to use an interim closing of the books as of the Closing Date.

  • For purposes of allocating the taxable income of FPS LLC and Lateral LLC for the 2016 tax year between Sellers and Buyer, the Parties shall cause FPS LLC and Lateral LLC to use an interim closing of the books as of the Closing Date.

  • Section 3.17 of the Seller Disclosure Schedule sets forth a true and correct copy of the annual budget of each of the Company Subsidiaries setting forth proposed operating costs and capital expenditures of each such Company Subsidiary through December 31, 2015, duly approved in accordance with the FPS LLC Agreement and the Lateral LLC Agreement, as applicable, and as in effect as of the date hereof.

  • To Seller’s Knowledge, each of Delta House FPS LLC and Delta House Oil and Gas Lateral LLC (collectively, the “Subsidiaries”, and each a “Subsidiary”) is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware.

  • AMID shall use the proceeds from the sale of the Securities in order to finance the Partnership’s purchase of additional interests in Delta House FPS LLC, a Delaware limited liability company, and Delta House Oil and Gas Lateral LLC, a Delaware limited liability company from Red Willow Offshore, LLC, LLOG Bluewater Holdings LLC, and a producer group substantially upon the terms as previously approved by the Board of Directors of the General Partner.

  • The number of (a) Class A Units of FPS LLC and (b) Class A Units of Lateral LLC, in each case, owned by each Party before and after the Closing are set forth on Schedule A hereto.

Related to Lateral LLC

  • Lateral expansion means a horizontal expansion of the waste boundaries of an existing MSW landfill. A lateral expansion is not a modification unless it results in an increase in the design capacity of the landfill.

  • Lateral means a pipe, chamber or other conveyance used to carry and distribute effluent.

  • Rental Car means a private passenger vehicle (including mini-vans and sport utility vehicles) rented from a rental car agency and being used solely for transportation on public roads.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Water Supply Any problem with water supply? Yes No Unknown Comments: Home water treatment system: Yes No Unknown Comments: Fire sprinkler system: Yes No Unknown Does Not Apply Comments: Are the systems in operating condition? Yes No Unknown Comments: