LMR Assets definition

LMR Assets means, for any province or similar jurisdiction in Canada, all of the upstream oil and gas xxxxx, facilities, pipelines and other physical assets relevant to the determination of the Liability Management Rating in such jurisdiction.
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Examples of LMR Assets in a sentence

  • If the Liability Management Rating of any Loan Party which owns or operates any LMR Assets in any Primary Jurisdiction becomes less than 1.25 in such Primary Jurisdiction and remains below such threshold for a period of 90 days after written notice thereof is given by the Agent to the Borrower.

Related to LMR Assets

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Company or a Restricted Subsidiary in exchange for assets transferred by the Company or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.