Examples of LNG Assets in a sentence
The Offshore Partnership Group hereby grants (i) Teekay a right of first offer on any proposed Transfer or Re-Charter by any Offshore Partnership Group Member of any Crude Oil Assets owned or acquired by any Offshore Partnership Group Member and (ii) Teekay LNG General Partner a right of first offer on any proposed Transfer or Re-Charter by any Offshore Partnership Group Member of any LNG Assets owned or acquired by any Offshore Partnership Group Member.
Subject to Section 7.4 and except as permitted by Section 2.2, each of the Teekay Entities shall be prohibited from engaging in or acquiring or investing in any business (each an "LNG Restricted Business") that owns, operates or charters LNG Assets.
The Teekay Entities hereby grant (i) Teekay LNG MLP a right of first offer on any proposed Transfer or, subject to Section 5.1, Re-Charter of any LNG Assets owned or acquired by any Teekay Entity and (ii) Teekay Offshore MLP a right of first offer on any proposed Transfer or, subject to Section 5.1, Re-Charter of any Offshore Assets owned or acquired by any Teekay Entity.
Subject to Section 8.4 and except as permitted by Section 2.2, each of the Teekay Entities and the Offshore Partnership Group Members shall be prohibited from engaging in or acquiring or investing in any business that owns, operates or charters LNG Assets (each an “LNG Restricted Business”).
The Teekay Entities hereby grant the MLP a right of first offer on any proposed Transfer or Re-Charter of any LNG Assets owned or acquired by any Teekay Entity.
PNGX will acquire from EBOF, 100% of the issued and outstanding shares of Earth LNG (which shall at closing, include and thereby transfer, all of the LNG Assets) such that Earth LNG and all of its subsidiaries will be wholly owned by PNGX (the “Transaction”).
The Definitive Agreements will contain the provisions outlined above, in addition to the usual and customary representations and warranties, covenants assuring marketable title to Earth LNG and of the LNG Assets by Earth LNG and its subsidiaries, conditions, and indemnifications for transaction of this kind, including, without limitations: environmental, tax and securities filings, and corporate filings, and the accuracies of all of the same.
Pursuant to the Transaction, and presuming satisfaction of all closing conditions and satisfactory Definitive Agreements, PNGX will acquire 100% of Earth LNG (which, for the avoidance of doubt, shall include all of the LNG Assets held by it or its subsidiaries) in exchange for a controlling interest of PNGX common stock.
Until August 30, 2008, neither EBOF, Earth LNG nor any of their subsidiaries or principals may enter into any transaction or agreement to enter into a transaction for the sale of Earth LNG, its subsidiaries or any of the LNG Assets or otherwise encumber or enter into an agreement that would encumber any of the foregoing or enter into any agreement outside of the ordinary course of business or that would otherwise hinder PNGX’s rights or intentions under this agreement.
Subject to Section 8.4 and except as permitted by Section 2.2, each of the Teekay Entities and the Offshore Partnership Group Members shall AMENDED AND RESTATED OMNIBUS AGREEMENT be prohibited from engaging in or acquiring or investing in any business that owns, operates or charters LNG Assets (each an "LNG Restricted Business").