Examples of Summit Permian in a sentence
The Summit Permian system provides our midstream services for the Permian Basin reportable segment.
We also earn revenues from the following activities that directly expose us to fluctuations in commodity prices: (i) the sale of physical natural gas and/or NGLs purchased under percentage-of-proceeds or other processing arrangements with certain of our customers on the Bison Midstream, Grand River and Summit Permian systems, (ii) the sale of natural gas we retain from certain DFW Midstream customers and (iii) the sale of condensate we retain from our gathering services at Grand River.
Payments to holders of the Senior Notes are affected by the composition of and relationships among the Co-Issuers, the Guarantor Subsidiaries and Permian Holdco and Summit Permian Transmission, who are unrestricted subsidiaries of SMLP and are not issuers or guarantors of the Senior Notes.
From and after the date hereof, Buyer shall use commercially reasonable efforts to, and in any event within fifteen (15) days following Closing, Buyer shall cause Summit Permian to, obtain replacement surety bonds for those such bonds listed on Schedule 3.18 and provide evidence of the same to Seller.
There are no Liens (other than Permitted Liens) on any of the Assets of any Company or Seller’s membership interest in Summit Permian that arose in connection with any failure (or alleged failure) to pay any Tax.
Revenue earned from (i) the sale of physical natural gas and/or NGLs purchased under percentage-of-proceeds arrangements with certain of our customers on the Bison Midstream, Grand River and Summit Permian systems, (ii) natural gas and crude oil marketing services in and around our gathering systems, (iii) the sale of natural gas we retain from certain DFW Midstream customers and (iv) the sale of condensate we retain from our gathering services at Grand River.
IRB Purchase Agreement: one or more Bond Purchase Agreements that have been or will be entered into by and among Eddy County, Summit Permian and Summit Permian Finance, including, without limitation, the Bond Purchase Agreement dated December 13, 2017, by and among Eddy County, as Issuer under and as defined therein, Summit Permian, as Lessee under and as defined therein, and Summit Permian Finance, as Purchaser under and as defined therein.
Segment adjusted EBITDA totaled ($1.2) million primarily reflecting less than one month’s volume throughput of the Summit Permian natural gas gathering and processing system commissioned in December 2018 as well as operational and general and administrative expenses incurred during the year.
Bureau of Epidemiology, Department of Disease Control, Ministry of Public Health.Bureau of Health Promotion, Department of Health.
IRB: each of the industrial revenue bonds issued from time to time by Eddy County to Summit Permian Finance in an aggregate principal amount of $500,000,000 pursuant to the IRB Indenture and IRB Purchase Agreement, and “IRBs” shall mean all of them collectively.