Luscar Contributed Assets definition

Luscar Contributed Assets means the assets of the Luscar/CONSOL Joint Ventures described in the Luscar Contribution Term Sheet, delivered to the Parties on the date hereof, which, pursuant to the Amended Plan, will ultimately be contributed to the Partnership and includes the Line Creek Mine, Cheviot, the Luscar Mine and a 46.4% interest in the Neptune Terminal and associated terminal contracts;
Luscar Contributed Assets means the assets to be purchased by Subco pursuant to the Luscar/CONSOL Joint Venture Asset Purchase Agreement;
Luscar Contributed Assets means the assets of the Luscar/CONSOL Joint Ventures purchased by New Fording pursuant to the Arrangement and contributed to the Partnership. These assets consisted primarily of the Line Creek mine, the undeveloped Cheviot project, the Luscar mine and a 46.4% interest in Neptune.

Examples of Luscar Contributed Assets in a sentence

  • Luscar and CONSOL will be issued shares or debt and shares of Fording or an Affiliate in partial payment for the Luscar Contributed Assets which will be immediately indirectly exchanged for 6.4 million freely tradeable Units (as to 50% of such Units each).

  • The Luscar Entities shall elect to assign the benefit of their British Columbia mining tax pools related to the Luscar Contributed Assets to New Fording.

  • The Parties shall co-operate in good faith to file any relevant elections in order to minimize taxes payable under Part IX of the Excise Tax Act (Canada), the Quebec Sales Tax Act and any other provincial or territorial legislation imposing taxes on the sale or transfer of the Fording Contributed Assets, Teck Contributed Assets, Luscar Contributed Assets and Prairie Operations.

  • The Parties shall co-operate in good faith to file any relevant elections in order to minimize taxes payable under Part IX of the EXCISE TAX ACT (Canada), the Quebec Sales Tax Act and any other provincial or territorial legislation imposing taxes on the sale or transfer of the Fording Contributed Assets, Teck Contributed Assets, Luscar Contributed Assets and Prairie Operations.


More Definitions of Luscar Contributed Assets

Luscar Contributed Assets means the assets of the Luscar/ CONSOL Joint Ventures described in the Luscar Contribution Term Sheet, delivered to the Parties on the date hereof, which, pursuant to the
Luscar Contributed Assets means the assets of the Luscar/ CONSOL Joint Ventures that will be purchased by FCL pursuant to the terms of the Luscar/ CONSOL Joint Venture Asset Purchase Agreement. These assets primarily consist of the Line Creek mine, the undeveloped Cheviot mine project, the Luscar mine and a 46.4% interest in Neptune, excluding the Fording Royalty. Pursuant to the terms of the Fording Contribution Agreement, those assets will be contributed by Fording to the Partnership;
Luscar Contributed Assets means the assets of the Luscar/CONSOL Joint Venture that will be purchased by FCL pursuant to the terms of the agreement between Fording, Luscar (and/or affiliated entities of OTPP and Sherritt) and CONSOL Energy Inc. (and its relevant subsidiaries) describing the terms on which FCL will purchase the Luscar Contributed Assets;