Marcellus Joint Venture definition

Marcellus Joint Venture means that certain joint venture arrangement between the Borrower and one or more of its Subsidiaries and an unrelated third party (the “Xxxxxxxxx XX Partner”) and one or more of its Subsidiaries to develop and operate the Xxxxxxxxx XX Oil and Gas Assets.
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Marcellus Joint Venture means that certain joint venture arrangement between the Issuer and one or more of its Subsidiaries and an unrelated third party (the “Marcellus JV Partner”) and one or more of its Subsidiaries to develop and operate the Marcellus JV Oil and Gas Assets.
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Marcellus Joint Venture means that certain joint venture between Xxxxxxxxx XX PDC Partner and Xxxxxxxxx XX Investor Partner pursuant to which the Borrower contributed the Marcellus Properties to PDC Mountaineer in accordance with and as contemplated by the Xxxxxxxxx XX Contribution Agreement, the Xxxxxxxxx XX Services Agreement and the other Xxxxxxxxx XX Documents.
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Examples of Marcellus Joint Venture in a sentence

  • The consummation of the Marcellus Joint Venture and the contribution by the Borrower of the Marcellus Properties to PDC Mountaineer are not prohibited under either the Indenture or the Senior Notes outstanding on the date hereof.

  • Upon the consummation of the Marcellus Joint Venture in accordance with the terms of this Agreement, the Borrowing Base then in effect shall be reduced by $100,000,000 and shall remain at such amount until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise reduced pursuant to the terms of this Agreement.

  • For purposes of determining the Borrower’s compliance with this Section 7.12(a), the Borrower’s options to acquire mineral interests and leases under agency agreements (x) with independent third parties that are not Affiliates or Subsidiaries of any Credit Party or (y) in connection with the Marcellus Joint Venture will be excluded from the calculation of Consolidated Current Liabilities.


More Definitions of Marcellus Joint Venture

Marcellus Joint Venture means that certain joint venture between Marcellus JV PDC Partner and Marcellus JV Investor Partner pursuant to which the Borrower contributed the Marcellus Properties to PDC Mountaineer in accordance with and as contemplated by the Marcellus JV Contribution Agreement, the Marcellus JV Services Agreement and the other Marcellus JV Documents.
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Marcellus Joint Venture means that certain joint venture between Carrizo Marcellus and Avista JV Partner pursuant to which Carrizo Marcellus intends to dedicate the Marcellus Properties to such joint venture; provided that such joint venture is governed by the Xxxxxxxxx XX Operating Agreement, the Xxxxxxxxx XX Participation Agreement and such other documents, agreements and instruments delivered in connection therewith.
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Marcellus Joint Venture means that certain joint venture arrangement between the Borrower and one or more of its Subsidiaries and an unrelated third party (the “Marcellus JV EXCO CREDIT AGREEMENT – Page 18Partner”) and one or more of its Subsidiaries to develop and operate the Marcellus JV Oil and Gas Assets; provided that such joint venture arrangement is consummated pursuant to and in accordance with the Marcellus JV Principal Documents without waiver or amendment of any material term or condition thereof not otherwise approved by the Majority Lenders.
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Related to Marcellus Joint Venture

  • Company Joint Venture means, with respect to the Company, any corporation or other entity (including partnerships, limited liability companies and other business associations and joint ventures) in which the Company, directly or indirectly, owns an equity interest that does not have voting power under ordinary circumstances to elect a majority of the board of directors or other person performing similar functions but in which the Company has rights with respect to the management of such Person.

  • Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

  • consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;

  • Permitted Joint Ventures means one or more joint ventures formed (a) by the contribution of some or all of the assets of the Company’s or a Permitted Affiliate Parent’s business solutions division pursuant to a Business Division Transaction to a joint venture formed by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries with one or more joint venturers and/or (b) for the purposes of network and/or infrastructure sharing with one or more joint venturers.

  • Eligible joint venture means an association of one or more small business enterprises in combination with one or more veteran-owned business enterprises, proposing to perform as a single for-profit business enterprise, in which each joint venture partner contributes property, capital, efforts, skill and knowledge. Joint ventures must have an agreement in writing specifying the terms and conditions of the relationship between the partners and their respective roles in the contract.

  • Joint Venture (JV means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.

  • Joint Venture means a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party.

  • Joint Venture Entity means any Joint Venture, any Wholly-Owned Subsidiary of a Joint Venture or any JV Subsidiary.

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • Joint Venture” - (Project means two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profit and losses. The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. It is about sharing risk with others and providing one or more missing and needed assets and competencies.

  • Permitted Joint Venture Investment means, with respect to an Investment by any specified Person, an Investment by such specified Person in any other Person engaged in a Permitted Business (a) over which the specified Person is responsible (either directly or through a services agreement) for day-to-day operations or otherwise has operational and managerial control of such other Person, or veto power over significant management decisions affecting such other Person and (b) of which at least 30% of the outstanding Equity Interests of such other Person is at the time owned directly or indirectly by the specified Person.

  • Joint Ventures means the joint venture or partnership or other similar arrangements (other than between the Company and the Operating Partnership) in which the Company or the Operating Partnership or any of their subsidiaries is a co-venturer, limited liability company member, limited partner or general partner, which are established to acquire or hold Investments.

  • Joint Venture Agreements means the Organization Documents of any Joint Venture existing from time to time.

  • Venture means any group of two or more persons associated in fact, whether or not a legal entity.

  • Joint Venture Subsidiary means each of (i) Aluminum Company of Malaysia Berhard and (ii) any other person that is a Subsidiary in which persons other than Holdings or its Affiliates own 10% or more of the Equity Interests of such person, excluding, to the extent they become Restricted Subsidiaries of the Designated Company after the Closing Date, Xxxxx and Norf GmbH.

  • Resident unincorporated business entity means an unincorporated business entity having an office or place of business within the Municipality.

  • Joint Venture Company means any Subsidiary of the Company or any other Person of which 50% or less than 50% of the outstanding Voting Stock or participation is held by the Company or its Subsidiaries, whose Equity Interest is held directly or indirectly by the Company and one or more third parties that are not Affiliates of the Company for the purpose of directly or indirectly bidding new projects, including such Subsidiaries or Persons of the Company whose activities are governed by a joint venture agreement with one or more third parties that are not Affiliates of the Company.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • JV Agreement each partnership or limited liability company agreement (or similar agreement) between a North American Group Member or one of its Subsidiaries and the relevant JV Partner as the same may be amended, restated, supplemented or otherwise modified from time to time, in accordance with the terms hereof.

  • Joint Venturers means Xxxxxxx Mining Limited a company incorporated in the State of Western Australia and its successors, permitted assigns and appointees;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Joint Venture Interests means assets of the Company and its Subsidiaries constituting an equity investment in real estate assets or other properties, or in an entity holding real estate assets or other properties, jointly owned by the Company and its Subsidiaries, on the one hand, and one or more other Persons not constituting Affiliates of the Company, on the other hand, excluding any entity or properties (i) which is a Subsidiary or are properties if the co-ownership thereof (if in a separate entity) would constitute or would have constituted a Subsidiary, or (ii) to which, at the time of determination, the Company’s manager at such time or an Affiliate of the Company’s manager at such time provides management services. In no event shall Joint Venture Interests include equity securities that are part of a class of equity securities that are traded on a national or regional securities exchange or a recognized over-the-counter market or any investments in debt securities, mortgages or other Debt.

  • JV means Joint Ventures

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.