MLP Assets definition

MLP Assets means the pipelines, processing plants or related equipment or assets, or portions thereof, conveyed, contributed or otherwise transferred or intended to be conveyed, contributed or otherwise transferred to any member of the Partnership Group, or owned by, leased by or necessary for the operation of the business, properties or assets of any member of the Partnership Group, prior to or as of the Closing Date.

MLP Assets means the oil and natural gas properties, processing and treatment plants or related equipment or assets, or portions thereof, owned or leased by any member of the MLP Group as of the Closing Date.

MLP Assets means the assets contributed to the Partnership pursuant to the Contribution Agreement.

Examples of MLP Assets in a sentence

• Subject to the last sentence of Section 7.1(a), nothing in this Article VII shall prohibit the MLP, LGC or any of their respective Affiliates from conducting business in any location, including in and near the areas where the MLP Assets are located.

• LGC represents and warrants that the services set forth on Exhibit A are sufficient to operate the MLP Assets consistent with past practice.

• LGC and Topper agree to (and to cause their applicable Affiliates to) assign to the MLP all legal rights to pursue claims for indemnification included in any acquisition agreements pursuant to which LGC or such Affiliates (excluding the MLP Group) acquired any of the MLP Assets.

• The following services will be provided by, or on behalf of, LGC consistent with LGC’s past practice in providing such services to manage and operate the MLP Assets and will not be outsourced to an independent third party, unless (1) it is an out of pocket expense associated with being a public company, or (2) LGC, believes, in good faith, that such services require a specialized level of expertise that LGC is unable to provide without the assistance of an independent third-party.

• For convenience and purposes of recording the Assignment Document in the applicable counties where the MLP Assets are located, the Partnership hereby directs the Property Contributors to directly transfer and assign the MLP Assets to LRE Operating on the Closing Date pursuant to the Assignment Document and such other additional instruments and agreements as may be necessary to effect the same.

More Definitions of MLP Assets

MLP Assets means the assets that will be transferred to LRE Operating pursuant to Section 2.1 of the Assignment Document.

MLP Assets means the assets to be contributed to the MLP pursuant to the MLP Contribution Agreement.

MLP Assets means the Classic Assets, the Columbus Assets and the WHT Assets, in each case with the MLP Group owning, as of the Closing Date, (i) a working interest no greater than (unless there is a corresponding increase in net revenue interest), and (ii) a net revenue interest no less than, the respective interest set out in the Reserve Reports with respect to each such property.

MLP Assets means the assets conveyed, contributed or otherwise transferred, directly or indirectly (including through the transfer of equity interests), or intended to be conveyed, contributed or otherwise transferred, to the MLP Group pursuant to the Contribution Agreement, including gathering pipelines, processing facilities, disposal systems, offices and related equipment and real estate.

MLP Assets means, collectively, all of the assets described in the Assignment Documents.

MLP Assets means the pipelines, processing plants or related equipment or assets, or portions thereof, conveyed, contributed or otherwise transferred or intended to be conveyed, contributed or otherwise transferred to any member of the Partnership Group, or owned by or necessary for the operation of the business, properties or assets or any member of the Partnership Group, prior to or as of the Closing Date; provided, the MLP Assets do not include the Partnership Group’s direct or indirect ownership interest in Black Lake Holdings, BLPLC or the Black Lake Pipeline.

MLP Assets means the assets owned by or necessary for the operation of the business, properties or assets of any member of the Partnership Group.”