Straddle Plant definition

Straddle Plant means a gas processing plant located on or near a gas transmission line, which removes residual natural gas liquids from the gas stream and returns the residue gas to the transmission line.
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Straddle Plant means the Younger natural gas liquids extraction facility located at Taylor, British Columbia.
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Straddle Plant means the Younger natural gas liquids extraction facility located at Taylor, British Columbia, and owned by Taylor Gas Liquids Limited Partnership and Provident Energy Trust.
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Examples of Straddle Plant in a sentence

  • All Chevron Interests not directly required to maintain WPC's Straddle Plant ownership shall be released from the Natural Gas Processing Agreement between Chevron and WPC if requested in writing by Chevron after termination of this Master Processing Agreement.

  • The commercial terms applicable to each Straddle Plant in which gas from the Chevron Interests in the Gulf of Mexico area will be processed are listed on Exhibit "A" hereto.

  • Notwithstanding the foregoing, nothing herein shall be construed as a release of any Chevron Interest from any dedication to a particular Joint Venture Straddle Plant which may exist pursuant to a construction and operating agreement or other applicable contract.


More Definitions of Straddle Plant

Straddle Plant means surface equipment intended to reprocess natural gas for the purpose of recovering other fuels from the natural gas and includes any underground storage facilities on the same site operated by the same operator;
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Straddle Plant means a gas plant facility that is located on a pipeline transporting marketable gas that is used for the purpose of reprocessing the marketable gas;
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Straddle Plant means a natural gas processing plant which is located on an interstate or intrastate natural gas pipeline, and which processes all or a portion of the gas flowing through the pipeline on which the processing plant is located. Notwithstanding the fact that it might not otherwise fall precisely within the foregoing definition, a processing plant which was constructed primarily to receive and process gas produced from xxxxx situated in the Gulf of Mexico shall be deemed to be a Straddle Plant.
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Straddle Plant has the meaning set forth in subsection 11.3.1 below.
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Related to Straddle Plant

  • Straddle Period means any Tax period beginning before or on and ending after the Closing Date.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Straddle Tax Period means any taxable period beginning on or before and ending after the Closing Date.

  • Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Post-Distribution Tax Period means a Tax period beginning and ending after the Distribution Date.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Tax Package has the meaning assigned in Section 6.01(b);

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date.

  • Tax Item means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • SpinCo Separate Return means any Separate Return of SpinCo or any member of the SpinCo Group.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign Tax credit, excess charitable contribution, general business credit, research and development credit, earnings and profits, basis, or any other Tax Item that could reduce a Tax or create a Tax Benefit.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • State premium tax liability means any liability

  • Tax Attributes means net operating losses, capital losses, investment tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, separate limitation losses and any other losses, deductions, credits or other comparable items that could reduce a Tax liability for a past or future taxable period.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.