Tioga Gas Plant definition
Examples of Tioga Gas Plant in a sentence
Such amounts expended shall be included in (x) HIP’s adjusted tax basis in its Limited Partner Interest and (y) the Partnership’s adjusted tax basis in the Tioga Gas Plant.
This Amendment No. 2 to Gas Processing and Fractionation Agreement (this “Amendment”) is dated as of July 1, 2015, but is effective for all purposes as of January 1, 2014 (the “Effective Time”), and is by and between Hess Trading Corporation, a Delaware corporation (“Customer”), and Hess Tioga Gas Plant LLC, a Delaware limited liability company (“Provider”).
As set forth in Section 5.2 of the Contribution Agreement, HIP shall, upon request, make additional Capital Contributions to the Partnership to the extent necessary to fund the payment of costs and expenses attributable to Other Projects of the Hess Tioga Gas Plant LLC; provided, however, that the amount of additional Capital Contributions that HIP shall be obligated to make pursuant to this Section 4.2(b)(iv) shall be limited as set forth in Section 5.2 of the Contribution Agreement.
The "TGP" means that certain cryogenic Gas processing and NGL fractionation facility wholly-owned (indirectly) by Provider and located north of the Missouri River in Williams County, North Dakota that is commonly described as the "Tioga Gas Plant", as the same is more particularly described on Exhibit A-1.
Such amounts expended shall be included in (x) Hess TGP ▇▇▇▇▇’▇ adjusted tax basis in its Limited Partner Interest and (y) the Partnership’s adjusted tax basis in the Tioga Gas Plant.