PennTex Development definition

PennTex Development has the meaning assigned to such term in the preamble.
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PennTex Development has the meaning assigned to such term in the recitals hereto.
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PennTex Development has the meaning given to such term in the introductory paragraph.
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Examples of PennTex Development in a sentence

  • The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrower and Lenders constituting the Required Lenders, counterparts of the attached consent and acknowledgment duly executed by each Guarantor, and a fully executed copy of a corresponding amendment to the PennTex Development Credit Facility, each in form and substance satisfactory to the Administrative Agent.

  • PennTex Development and PennTex Midstream GP, LLC, a Delaware limited liability company (the “General Partner”), have formed the Partnership pursuant to the Delaware Revised Uniform Limited Partnership Act (as in effect, from time to time, the “Delaware LP Act”), for the purpose of engaging in any business activity that is approved by the General Partner and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware LP Act.

  • The Partnership hereby redeems the Initial LP Interest held by PennTex Development and hereby refunds and distributes to PennTex Development the initial contribution, in the amount of $2,000, made by PennTex Development in connection with the formation of the Partnership, along with 100% of any interest or other profit that resulted from the investment or other use of such initial contribution.

  • The proceeds of such exercise shall be distributed to PennTex Development and MRD WHR LA as set forth in the Contribution Agreement.

  • The Parties acknowledge the payment by the Partnership, in connection with the closing of the Initial Public Offering, of (a) transaction expenses incurred by the Partnership or PennTex Development in the amount of approximately $4.3 million and (b) $98,571,322.46 to NLA Holdings and $55,182,296.40 to MRD WHR, respectively, in part as a reimbursement of certain capital expenditures incurred by such entity with respect to the Contributed Assets.

  • PennTex Development and MRD WHR LA Midstream LLC, a Delaware limited liability company (“MRD WHR LA”), beneficially own, directly or indirectly, 100% of the issued and outstanding Equity Interests in PennTex North Louisiana, LLC, a Delaware limited liability company (“PennTex JV”).

  • If any Common Units subject to the Over-Allotment Option are not purchased by the IPO Underwriters as set forth in the IPO Underwriting Agreement, then upon the expiration of the Over-Allotment Option, the Partnership shall issue those remaining Common Units to PennTex Development and MRD WHR LA pursuant to the Contribution Agreement.

  • Prior to the date hereof, PennTex Midstream Partners, LLC, a Delaware limited liability company (“PennTex Development”) and PennTex Midstream GP, LLC, a Delaware limited liability company (the “General Partner”) formed the Borrower as a Wholly-Owned Subsidiary of PennTex Development and a new midstream master limited partnership with the General Partner as the sole general partner of the Borrower.

  • The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrower and the Lenders, counterparts of the attached consent and acknowledgment duly executed by each Guarantor, and fully executed copies of corresponding amendments to the PennTex Development Credit Facility and the PennTex JV Credit Facility, each in form and substance satisfactory to the Administrative Agent.

  • The Partnership shall then distribute the additional cash as follows: 62.5% to PennTex Development and 37.5% to MRD WHR.


More Definitions of PennTex Development

PennTex Development has the meaning assigned to such term in the preamble. “PennTex Operating” has the meaning assigned to such term in the preamble. “PennTex Operating LLC Agreement” has the meaning set forth in Section 2.1.
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PennTex Development means PennTex Midstream Partners, LLC, a Delaware limited liability company, and any successors thereto. “PennTex NLA Holdings” means PennTex NLA Holdings, LLC, a Delaware limited liability company, and any successors thereto. “PennTex North Louisiana Operating” means PennTex North Louisiana Operating, LLC, a Delaware limited liability company. “PennTex Operating” means PennTex North Louisiana, LLC, a Delaware limited liability company, and any successors thereto.
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PennTex Development means PennTex Midstream Partners, LLC, a Delaware limited liability company, and any successors thereto.
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Related to PennTex Development

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Substantial development means any development of which the total cost or fair market value exceeds two thousand five hundred dollars, or any development which materially interferes with the normal public use of the water or shorelines of the state; except that the following shall not be considered substantial developments for the purpose of this chapter:

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Mixed use development means a Building used, designed or intended for Residential and Non-Residential uses, where:

  • sustainable development means development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs;

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • Professional development means training programs for

  • the Development means the residential development for –