Processing Assets definition

Processing Assets means processing plants, machinery, equipment and structures acquired for the purpose of processing mineral substances and ancillary activities, but does not include,
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Processing Assets means cryogenic processing facilities, mechanical refrigeration units, compression facilities, and other facilities for purifying natural gas for transmission on Natural Gas Pipelines or extracting natural gas liquids for transmission on Natural Gas Liquids Pipelines, including all appurtenances, fee property, leases, easements, licenses, permits, right of ways, contracts, contract rights and other rights, necessary for the design, development, construction, maintenance, upkeep, repair, or operation thereof.
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Processing Assets has the meaning assigned to such term in the recitals.
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Examples of Processing Assets in a sentence

  • The technical report dated January 2003, entitled “Technical Report on Mining and Processing Assets of Peak Gold Mines, in New South Wales, Australia and Minera Alumbera Ltd.

  • The difference between gross sales barrels and barrels retained is reflected in NGL expense resulting from the gross presentation required for the POP arrangements associated with the North Dakota Gathering and Processing Assets.

  • The difference between gross sales barrels and barrels retained is reflected in cost of NGL sales resulting from the gross presentation required for the POP arrangements associated with the North Dakota Gathering and Processing Assets.

  • Upon an event of casualty pursuant to which a Terminal or any portion thereof is damaged or destroyed, (a) SMEP shall be solely responsible for the repair or replacement of the Terminal Assets, the SMEP Owned Real Property and the SMEP Leased Real Property and (b) SemMaterials or K.C. Asphalt, as the case may be, shall be solely responsible for the repair or replacement of the Retained Processing Assets and the Retained Land Rights.

  • No proceeding is pending or, to QEPFS’s Knowledge, threatened with respect to any alleged failure by QEPFS to have any material Permit necessary for the operation of the Processing Assets or the conduct of the Business or to be in material compliance therewith.

  • SMEP may impose reasonable restrictions and limitations upon access to all or any portion of the Terminal or Terminal Assets, including restrictions as to time and place of access at any particular time or location to the extent it does not materially interfere with Sellers’ exercise of its rights hereunder or use and operation of its Retained Processing Assets.

  • The Partnership acquired the South Louisiana Processing Assets from the El Paso Corporation in November 2005.

  • If the applicable Seller does not resume operations within sixty (60) days after its receipt of such notice or voluntarily abandons its rights at a Terminal either in response to such a notice or otherwise, then such Seller shall be required to remove its Terminal Processing Assets from the Terminal and release its Retained Land Rights to SMEP by an appropriate instrument in a form recordable in such state and reasonably approved by such Seller and SMEP.

  • Any insurance proceeds or damages received in connection with any casualty to (i) the Terminal Assets, SMEP Owned Real Property or the SMEP Leased Property (excluding the portion of any such insurance proceeds or damages which is attributable to the Retained Land Rights) shall belong to and be the property of SMEP and (ii) the Retained Processing Assets or the Retained Land Rights shall belong to and be the property of SemMaterials or K.C. Asphalt, as the case may be.

  • Included in NGL expense for the year ended December 31, 2017 were approximately $2 million of crude costs related to crude oil volumes obtained in connection with the North Dakota Gathering and Processing Assets acquisition.


More Definitions of Processing Assets

Processing Assets means tailings disposal facilities and depreciable assets located in Ontario that are used directly and exclusively in processing;
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Processing Assets means depreciable assets that are milling, smelting or refining buildings and the equipment therein whether or not those buildings and equipment are placed in production, placed in an available for use basis or abandoned;
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Processing Assets has the meaning assigned to such term in the recitals. “QEP” has the meaning assigned to such term in the preamble.
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Processing Assets means the assets described in Exhibit D to this Agreement. “QEP Field Services” shall have the meaning set forth in the Recitals to this Agreement. “QEPFS’’ shall have the meaning set forth in the Recitals to this Agreement.“Transfer” shall mean to transfer, sell, assign, pledge, hypothecate, give, create a security interest in or lien on, place in trust (voting or otherwise), assign or in any other way encumber or dispose of, directly or indirectly and whether or not by operation of law or for value, any Interest. EXHIBITB THE COMPANY THE COMPANYADDRESS FOR NOTICE PURPOSESGreen River Processing, LLC19100 Xxxxxxxxx Xxxxxxx Xxx Xxxxxxx XX 00000 (000) 000-0000 (phone) (000) 000-0000 (facsimile) Members ADDRESS FOR CAPITAL Members NOTICE PURPOSES CONTRIBUTION QEP Field Services, LLC QEP MidstreamPartners, Operating,LLC 00000 Xxxxxxxxx Xxxxxxx Xxx Xxxxxxx XX 00000 (000) 000-0000 (phone) (000) 000-0000 (facsimile) Processing Assets described in Exhibit D EXHIBIT C MEMBERSHIP INTEREST Member Membership Interest QEP Field Services Company 60% QEP Midstream Partners Operating, LLC 40% EXHIBITD PROCESSING ASSETS DESCRIPTION The Processing Assets include all of the natural gas processing and fractionation facilities and related assets, properties, rights and interests owned, leased or used by QEPFS that are usedto process and fractionate natural gas and provide related services at the Blacks Fork Complex and Emigrant Trail Processing Plant, each as described below, including (i) the facilities, fixtures, compressors, pipes, pipeline interconnect facilities, storage tanks, rail loading facilities and appurtenant machinery, equipment and facilities owned, leased or used by QEPFS (collectively referred to as the “Facilities”); (ii) permits, licenses and authorizations of governmental entities used by QEPFS in the Business, or in the ownership, operation, maintenance, repair or replacement of the Facilities; (iii) easements, rights-of-way agreements, option agreements, use agreements and similar type land-related agreements of QEPFS that are used in the Business or in connection with the ownership, operation, maintenance, repair or replacement of the Processing Assets; (iv) fee interests in real property owned by QEPFS relating to the Processing Assets; (v) leases and other similar interests covering real property that are owned or held by QEPFS and used in the conduct of the Business or in the ownership, operation, maintenance, repair or replacement of the Processing A...
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Processing Assets means any depreciable asset of an operator that is a building or part of a building in which only secondary crushing, grinding, concentrating, chemical extraction, smelting, refining or packaging activities take place and all equipment that is used solely for secondary crushing, grinding, concentrating, smelting, refining and packaging and is maintained on an available for use
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Related to Processing Assets

  • processing aid means any substance not consumed as a food ingredient by itself, intentionally used in the processing of raw materials, foods or their ingredients, to fulfil a certain technological purpose during treatment or processing and which may result in the unintentional but technically unavoidable presence of residues of the substance or its derivatives in the final product, provided that these residues do not present any health risk and do not have any technological effect on the finished product;

  • 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.

  • Connection Assets means that portion of the distribution system used to connect a customer to the existing main distribution system, and consists of the assets between the point of connection on a distributor’s main distribution system and the ownership demarcation point with that customer;

  • Processing Plant means plant systems, located on or off the Leased Premises, that include a gas processing plant, natural gasoline plant, gasoline plant, or other plant where raw unprocessed natural gas is processed to remove or extract Raw Mix from the natural gas stream to produce a Pipeline- Quality Natural Gas or Residue Gas and other products, and the Raw Mix is then either (i) separated by fractionation down to its base components prior to storage and/or transport that meets or conforms to all applicable Gas Processors Association (GPA) Standards and/or Specifications for the commercial sale of each liquefiable hydrocarbon product, or (ii) transported to another plant for separation down to its base components by fractionation prior to storage and/or transport for the commercial sale of each liquefiable hydrocarbon product. Any deductions, costs, or processing fees associated with the removal or recovery of Natural Gas Liquids is strictly limited to only that part of any Processing Plant or facility where Raw Mix is recovered, and if applicable at that plant, also fractionated to their component parts.

  • Processing Date means the day on which the first step of physical Processing is scheduled to occur, as identified in an Acknowledgement.

  • Processing Center means a legal entity or its department that supports the informational and technological interaction between payment participants.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Processing Agreement means the agreement (as amended from time to time) ratified by the Iron Ore Processing (BHP Minerals)

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • Gross Assets means the total of fixed assets and current assets;

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region. Generation Interconnection Request:

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Off-highway vehicle means the same as that term is defined in Section 41-22-2.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Bi-fuel vehicle means a vehicle with two separate fuel storage systems that is designed to run primarily on only one fuel at a time; however, the simultaneous use of both fuels is permitted in limited amount and duration.

  • Specified Assets the following property and assets of such Grantor:

  • Flex fuel vehicle means a vehicle with one fuel storage system that can run on different mixtures of two or more fuels.

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.

  • secondary processing means concentration or other beneficiation of iron ore other than by crushing or screening and includes thermal electrostatic magnetic and gravity processing and agglomeration, pelletization or comparable changes in the physical character of iron ore;

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Food processing plant means a commercial operation that manufactures, packages, labels or stores food for human consumption and does not provide food directly to a consumer. “Food processing plant” does not include any of the following:

  • Cannabis processing facility means a person that:

  • Stored-value card means a record evidencing a promise made for