Midstream Asset definition

Midstream Asset means any onshore or offshore natural gas pipeline or onshore treatment, processing, fractionation or storage facility used primarily in the Midstream Business.
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Midstream Asset means any asset (or any interest in any asset) that is used, or is to be used, primarily in the conduct of a Midstream Business; provided, however, that where any such assets are transferred as part of the sale to the purchaser thereof of a business, division or facility, in any such case which is structured as an asset sale, such assets shall not constitute Midstream Assets if the fair market value from such assets is less than 50% of the aggregate fair market value of all of the assets transferred to such purchaser in such transaction.
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Midstream Asset means an asset, owned or leased by the Company as of the date of this Agreement, used primarily to conduct Midstream Activities.
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Examples of Midstream Asset in a sentence

  • DTE Energy and DT Midstream shall reimburse each other for the reasonable costs, if any, in complying with a request for Information pursuant to this Article VII (whether or not such Information was a DT Midstream Asset or a DTE Energy Asset).

  • The Operator may make any non-capital expenditure directly related to an AMI Midstream Asset that is: (a) outside the scope of a Project AFE; (b) to be booked as an operating expense; (c) a non-recurring type of expense; and (d) not in excess of (i) $50,000.00 per Project or (ii) $250,000.00 in the aggregate for the AMI in any calendar year.

  • The contribution of the Midstream Assets and any other properties committed to the Partnership shall be made by each Party’s agreement to hold legal title to its interest in such Midstream Asset or other property as nominee of the Partnership.

  • If Operator obtains any ROW agreements or any other authorizations, contracts or agreements in association with, or preparation for, construction or expansion of any portion of a Gathering System or any other CONE Midstream Asset, the Operator shall make available to the Partnership copies of all such documentation, and, if applicable, the applicable recording information.

  • The Issuer will be required to deliver, or to cause the Manager to deliver, to the Indenture Trustee, the Back-up Manager and each Rating Agency on each Annual Determination Date an Officer's Certificate certifying the Midstream Asset Value.

  • See Midstream Asset Sale and WES Merger below.WGP is a limited partnership formed by Anadarko to own interests in WES.

  • Other Midstream Asset Sales In the second quarter of 2021, additional minor asset sales within the Midstream segment were completed for cash proceeds of approximately $3 million.

  • Holdings shall provide to Shell or its Affiliates, products and services requested by Shell or its Affiliates relating to such Midstream Asset, Midstream Business or Electricity Project on market terms and conditions.

  • The Majority Lenders additionally hereby reaffirm the authority of the Administrative Agent pursuant to Section 11.10 of the Credit Agreement to (without notice to or vote or consent of any Lender or Issuing Bank) take such actions upon request of the Credit Parties as shall be required to release its Liens on the Midstream Asset to the extent necessary to permit consummation of the Midstream Asset Disposition thereof in accordance with this provision.

  • R To record reduction in depreciation expense related to the communications assets not included in our Midstream Asset Acquisition.


More Definitions of Midstream Asset

Midstream Asset means any gathering system, pipeline, processing or treatment facility, or related asset, other than any Shallow Rights Gathering Assets, located in the AMI Area.
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Midstream Asset means an asset, owned or leased by the Company as of the date of this Agreement, used primarily to conduct Midstream Activities. “Objection Notice” shall have the meaning given such term in Section 2.03(a).
Sample 1
Midstream Asset means any gathering system, pipeline, processing or treatment facility, or related asset located in the East Texas/North Louisiana Area.
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Related to Midstream Asset

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Program Assets means any assets, goods or property (real, tangible or intangible) purchased or financed in whole or in part (directly or indirectly) by MCC Funding.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Partnership Group Member means any member of the Partnership Group.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • 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.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Partnership Group means the Partnership and its Subsidiaries treated as a single consolidated entity.

  • Partnership Security means any class or series of equity interest in the Partnership (but excluding any options, rights, warrants and appreciation rights relating to an equity interest in the Partnership), including without limitation, Common Units, Subordinated Units and Incentive Distribution Rights.

  • Subject Interests means Assignor’s undivided interests in the Subject Lands, as determined prior to giving effect to this Conveyance (or as may be made part of the Subject Interests pursuant to Section 3.1 or 3.2 of the Development Agreement), whether as lessee under leases, as an owner of the Subject Minerals (or the right to extract such Minerals) or otherwise, by virtue of which undivided interests Assignor has the right to conduct exploration, drilling, development and Mineral production operations on the Subject Lands, or to cause such operations to be conducted, or to participate in such operations by paying and bearing all or any part of the costs, risks and liabilities of such operations, to drill, test, complete, equip, operate and produce xxxxx to exploit the Minerals. The “Subject Interests” (a) may be owned by Assignor pursuant to leases, deeds, operating, pooling or unitization agreements, orders or any other instruments, agreements or documents, recorded or unrecorded, (b) include any and all extensions or renewals of leases covering the Subject Lands (or any portion thereof) obtained by Assignor, or any Affiliate thereof, within six (6) months after the expiration or termination of any such lease, and (c) are subject to the Permitted Encumbrances. For the avoidance of doubt, the “Subject Interests” do not include: (i) Assignor’s interests in the Excluded Assets; (ii) Assignor’s rights to substances other than Minerals; (iii) Assignor’s rights to Minerals (other than Assignee Minerals) under contracts for the purchase, sale, transportation, storage, processing or other handling or disposition of Minerals; (iv) Assignor’s interests in, or rights to Minerals (other than Assignee Minerals) held in pipelines, gathering systems, storage facilities, processing facilities or other equipment or facilities, other than Development Xxxxx; or (v) any additional or enlarged interests in the Development Xxxxx, Subject Lands or Subject Minerals acquired by Assignor after the Closing Time, except (1) to the extent any such additional or enlarged interest becomes a part of the Subject Interests by amendment to this Conveyance pursuant to Section 3.1 or 3.2 of the Development Agreement, (2) as may result from the operation of the terms of the instruments creating the Subject Interests, or (3) as may be reflected in extensions and renewals covered by the preceding sentence.

  • Gathering System means that portion of Gatherer’s pipeline system, including all appurtenances thereto, related to the provision of gathering and transportation services provided by Gatherer pursuant to this tariff.

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.