Examples of Redearth Partnership in a sentence
The Borrower and the Restricted Subsidiaries will at all times own not less than an undivided 60% interest in Redearth Partnership if and for so long as Redearth Partnership is a Restricted Subsidiary.
The Borrower and the Restricted Subsidiaries (other than Redearth Partnership) will at all times be direct or indirect wholly-owned Subsidiaries of the Trust and all ownership interests therein shall be held by one or more Harvest Parties.
In addition to lending transactions, any dealings between The Corporation and directors, executive officers, principal shareholders and related interests of such persons, including transactions between The Corporation and the spouses, children, parents, or siblings of corporate insiders, must constitute arm's-length transactions.
INTERIM CONSOLIDATED FINANCIAL STATEMENTS Gain on acquisition On August 6, 2010, Harvest entered into an agreement with Enerplus to purchase the remaining 40% of the Redearth Partnership (“Partnership”) as well as additional petroleum and natural gas rights, tangible assets, seismic data and other miscellaneous interests and associated production.
In addition, the Borrower hereby covenants and agrees to cause Redearth Partnership to deliver a supplemental debenture to the Agent and the Lenders within 21 days of the Closing Date in order to conform its debenture in the Existing Security to the form of debenture in Schedule F-1 .
The Borrower (other than in respect of the Exchangeable Shares) and the Restricted Subsidiaries (other than Redearth Partnership) will at all times be direct or indirect wholly-owned Subsidiaries of the Trust.
The difference in the accounting treatment results in a reversal of an $8.5 million loss that was previously recognized in retained earnings and an increase of $8.5 million in PP&E.Gain on acquisition On August 6, 2010, Harvest entered into an agreement with Enerplus to purchase the remaining 40% of the Redearth Partnership (“Partnership”) as well as additional petroleum and natural gas rights, tangible assets, seismic data and other miscellaneous interests and associated production.
Gain on acquisition On September 30, 2010, Harvest purchased the remaining 40% of the Redearth Partnership (“Partnership”) as well as additional petroleum and natural gas rights, tangible assets, seismic data and other miscellaneous interests and associated production.