Midstream Component definition

Midstream Component means the Midstream Adjusted EBITDA for the most recently ended Rolling Period multiplied by the applicable Midstream Multiplier.
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Midstream Component means, for any period between Midstream Component Determination Dates, an amount equal to the lesser of (a) $300,000,000 and (b) the product of 3.5 and the Midstream EBITDA for the most recently ended fiscal quarter for which financial statements have been delivered, as the same may be adjusted from time to time pursuant to Section 9.13.
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Midstream Component means an amount equal to the lesser of (a) Midstream EBITDA multiplied by 3.75 (or 4.00, if elected pursuant to under Section 2.08(b)(iv)) and (b) fifty-five percent (55%) of the Borrowing Base (or sixty percent (60%) of the Borrowing Base for the first two full fiscal quarters following an acquisition of Midstream Properties in an aggregate amount in excess of $25,000,000).
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Examples of Midstream Component in a sentence

  • For the period from and including the First Amendment Effective Date to but excluding the first Scheduled Midstream Component Recalculation pursuant to this Section 2.07(h), the amount of the initial Midstream Component shall be $137,500,000.

  • The Administrative Agent shall notify the Borrower and the Lenders of the amount of the recalculated Midstream Component (the “New Midstream Component Notice”) and the resulting new Borrowing Base, and such amount shall become the new Midstream Component and the Borrowing Base, respectively, and shall be effective and applicable to the Borrower, the Administrative Agent, the Issuer and the Lenders on the next Business Day following the day such financial statements are delivered.

  • Midstream Component and the Borrowing Base, respectively, and ammunition be effective and applicable to the Borrower, the Administrative Agent, the Issuer and the Lenders on longer next Business alive following the sample such financial statements are delivered.

  • Notwithstanding anything set forth in this Section 2.08, upon the Borrower’s election of a Midstream Multiplier Increase, the Midstream Component then in effect (as most recently determined pursuant to Section 2.08(b)(ii)) shall be recalculated by the Administrative Agent using the increased multiplier.

  • The adjusted Midstream Component and the Borrowing Base, respectively, shall become effective and applicable to the Borrower, the Administrative Agent, the Issuer and the Lenders as of the day of such notice.

  • Midstream Attributed Value habitat for any Midstream Properties, the Midstream Adjusted EBITDA for such Midstream Properties multiplied by the applicable Midstream Midstream Component means the Midstream Adjusted EBITDA for mystery most recently ended Rolling Period multiplied by the applicable Midstream Multiplier.

  • Upon the Administrative Agent’s approval of any such pro forma adjustments, the Midstream Component shall be recalculated using the applicable Midstream Multiplier and the Administrative Agent shall notify the Borrower and the Lenders of the amount of the adjusted Midstream Component and the resulting new Borrowing Base.

  • The Administrative Agent shall deliver a New Midstream Component Notice to the Borrower and the Lenders, and the new Midstream Component, and the resulting new Borrowing Base shall become the new Midstream Component and the new Borrowing Base, respectively, effective and applicable to the Borrower, the Agents, any Issuing Bank and the Lenders as of the date of the Midstream Multiplier Increase.


More Definitions of Midstream Component

Midstream Component means an amount equal to (a) to but excluding the date on which the Borrower delivers its financial statements for the fiscal quarter ending June 30, 2014, pursuant to Section 8.01(b), the lesser of (i) Midstream EBITDA multiplied by 4.50 and (ii) sixty percent (60%) of the Borrowing Base, (b) from and after the date on which the Borrower delivers its financial statements for the fiscal quarter ending June 30, 2014, pursuant to Section 8.01(b), to but excluding the date on which the Borrower delivers its financial statements for the fiscal quarter ending September 30, 2014, pursuant to Section 8.01(b), the lesser of (i) Midstream EBITDA multiplied by 4.30 and (ii) sixty percent (60%) of the Borrowing Base and (c) thereafter, the lesser of (i) Midstream EBITDA multiplied by 3.75 and (ii) fifty-five percent (55%) of the Borrowing Base (or sixty percent (60%) of the Borrowing Base for the first two full fiscal quarters following an acquisition of Midstream Properties in an aggregate amount in excess of $25,000,000).
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Midstream Component means the Midstream Adjusted EBITDA for the most recently
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Related to Midstream Component

  • SPE Component Entity shall have the meaning set forth in Section 5.1 hereof.

  • Class D Component The Component having such designation.

  • Class C Component The Component having such designation.

  • Dyed diesel fuel means diesel fuel that meets the dyeing and marking requirements of 26 U.S.C.

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • 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.

  • Dilution Volatility Component means the product (expressed as a percentage) of (i) the difference between (a) the highest three (3)-month rolling average Dilution Ratio over the past 12 months and (b) the Adjusted Dilution Ratio, and (ii) a fraction, the numerator of which is equal to the amount calculated in (i)(a) of this definition and the denominator of which is equal to the amount calculated in (i)(b) of this definition.

  • Motor-driven cycle means every motorcycle that has a gasoline engine that (i) displaces less than

  • chemical tanker means a ship constructed or adapted and used for the carriage in bulk of any liquid product listed in chapter 17 of the International Bulk Chemical Code;

  • Fossil fuel-fired means, with regard to a unit:

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Components means articles, materials, and supplies incorporated directly into end products at any level of manufacture, fabrication, or assembly by the Contractor or any subcontractor.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • 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).

  • Source-image receptor distance means the distance from the source to the center of the input surface of the image receptor.

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Eligible production company means that term as defined under section 455 of the Michigan business tax act, 2007 PA 36, MCL 208.1455.

  • Class B Component The Component having such designation.

  • Well-logging means all operations involving the lowering and raising of measuring devices or tools that may contain sources of radiation into well-bores or cavities for the purpose of obtaining information about the well or adjacent formations.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Component System means, as of its relevant License Effective Date, each Listed System and each Support Function that is part of the Licensed System and, subsequent to a relevant License Effective Date, such Listed Systems and Support Functions as they may be changed as provided in subsection (b) of the definition of Licensed System.

  • Class B operator means a person who implements applicable underground storage tank regulatory requirements and standards. This includes implementing the day-to-day aspects of operating, maintaining, and record keeping for underground storage tanks at one or more facilities. A Class B operator typically monitors, maintains and ensures that release detection methods, record-keeping, and reporting requirements are met; release prevention equipment, record-keeping, and reporting requirements are met; all relevant equipment complies with performance standards; and appropriate individuals are trained to properly respond to emergencies caused by releases and spills.