Vitesse Oil definition

Vitesse Oil has the meaning assigned to such term in the recitals hereto.
Sample 1Sample 2Sample 3
Vitesse Oil has the meaning set forth in the Recitals.
Sample 1Sample 2

Examples of Vitesse Oil in a sentence

  • Such financial statements (other than the Projections) present fairly, in all material respects, the financial position and results of operations and cash flows of the Predecessor Borrower and Vitesse Oil and their Consolidated Subsidiaries, respectively, as of such dates and for such periods in accordance with GAAP.

  • The proceeds of the Loans and the Letters of Credit shall be used to (i) repay the Existing Vitesse Oil Indebtedness and (ii) provide working capital for exploration and production operations, for acquisitions of Oil and Gas Properties permitted hereunder and for general corporate purposes.

  • Each of VEL and Vitesse Oil shall cooperate with SpinCo in connection with SpinCo’s entry into the New Revolving Credit Facility and shall take all actions and enter into (and cause its respective Subsidiaries to take all actions and enter into) such agreements and arrangements as shall be necessary to cause the termination of the Existing Vitesse Oil Revolving Credit Facility.

  • For the avoidance of doubt, no further vesting of Vitesse Oil MIUs or Vitesse Energy MIUs will occur following the termination of Executive’s employment.

  • Despite the fact that neither the Vitesse Energy MIUs nor the Vitesse Oil MIUs required the payment of an exercise price, they were most similar economically to stock options.

  • Transitional Equity AwardIncorporated by reference to Exhibit 10.4 to Form 8-K Adjustment Plan*filed January 17, 2023, File No. 001-4154610.6†*Letter Agreement, dated as of January 13, 2023, by andIncorporated by reference to Exhibit 10.5 to Form 8-K among Vitesse Management Company LLC, Vitessefiled January 17, 2023, File No. 001-41546 Energy, LLC, Vitesse Oil, LLC, Vitesse Energy, Inc.

  • RESPONSE: In response to the Staff’s comment and as noted in the response to comments 1 and 3 above, the Company has revised the disclosure on pages 74 and 77 to add Note f) describing the elimination of the unit-based compensation liability and Redeemable Management Incentive Units which relate to the Vitesse Energy MIUs. The Vitesse Oil MIUs had no value in the historical financial statements of Vitesse Oil and are expected to have no value when settled as part of the Pre-Spin-Off Transactions.

  • In 2013, Mr. Gerrity and Brian Cree, our President and Chief Operating Officer, began to seek out non-operated lease and mineral interests with development opportunities in areas of the Williston Basin that were in the core of the field and operated by premier industry leaders, at which time Jefferies Capital Partners made an initial investment in Vitesse Oil to partially fund the acquisition of non-operated working and mineral interests primarily in undeveloped oil and natural gas assets.

  • Transitional Equity Award Adjustment Plan*2023, File No. 001-4154610.6†*Letter Agreement, dated as of January 13, 2023, by and among VitesseIncorporated by reference to Exhibit 10.5 to Form 8-K filed January 17, Management Company LLC, Vitesse Energy, LLC, Vitesse Oil, LLC,2023, File No. 001-41546 Vitesse Energy, Inc.

  • Shares of Vitesse common stock were issued to Jefferies Capital Partners and Gerrity Bakken as consideration for their respective ownership interests in Vitesse Oil pursuant to Section 4(a)(2) of the Securities Act.Purchases of Equity Securities by the Issuer and Affiliated PurchasersIssuer Purchases of Equity SecuritiesIn February 2023, our Board approved a Stock Repurchase Program authorizing the repurchase of up to $60 million of the Company's common stock.

Related to Vitesse Oil

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Diesel fuel means the same as that term is defined in Section 59-13-102.

  • Fossil fuel means natural gas, petroleum, coal, or any form of solid, liquid, or gaseous fuel derived from such material.

  • Biodiesel fuel means a renewable, biodegradable, mono alkyl ester combustible liquid fuel derived from agricultural plant oils or animal fat such as, but not limited to, soybean oil. For purposes of this definition, “biodiesel fuel” must also meet the specifications of American Society for Testing and Material Specifications (ASTM) D 6751-02, “Standard Specification for Biodiesel Fuel (B100) Blend Stock for Distillate Fuels,” and be registered with the U.S. Environmental Protection Agency as a fuel and a fuel additive under Section 211(b) of the Clean Air Act, 42 U.S.C. Sections 7401, et seq. as amended through November 15, 1990.

  • Refining means removing or separating a desirable product from raw or contaminated materials by distillation or physical, mechanical, or chemical processes.

  • Fossil fuel-fired means the combustion of fossil fuel or any derivative of fossil fuel, alone or in combination with any other fuel, independent of the percentage of fossil fuel consumed in any calendar year (expressed in mmBtu).

  • APC means the Ambulatory Payment Classification system under 42 CFR 419.31 used by Medicare for grouping clinically and resource-similar procedures and services.

  • Heat input means the product (expressed in mmBtu/time) of the gross calorific value of the fuel (expressed in Btu/lb) and the fuel feed rate into the combustion device (expressed in mass of fuel/time) and does not include the heat derived from preheated combustion air, recirculated flue gases, or ex- haust from other sources.

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.

  • Chevron means Chevron Corporation, a Delaware corporation.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Dyed diesel fuel means diesel fuel that is dyed in accordance with internal revenue service rules or pursuant to any other internal revenue service requirements, including any invisible marker requirements.

  • Steel Products means products rolled, formed, shaped, drawn, extruded, forged, cast, fabricated or otherwise similarly processed, or processed by a combination of two or more or such operations, from steel made by the open heath, basic oxygen, electric furnace, Bessemer or other steel making process.

  • Transportation Services means travel assistance given to an individual

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • CO2 means carbon dioxide.

  • Cloud Services means SAP’s then-current cloud services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • Supply Pipe means any part of a service pipe which a water undertaker could not be, or have been required to lay under section 46 of the Water Industry Act 1991; and

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Biofuel means liquid or gaseous fuel for transport produced from biomass;

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • LNG means liquefied natural gas.

  • Terminals means the Terminals set forth on Schedule A attached hereto.