VTTI Operating definition

VTTI Operating is defined in the preamble.
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VTTI Operating means VTTI MLP B.V., a company incorporated in the Netherlands, and any successors thereto.
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VTTI Operating has the meaning set forth in the recitals. “VTTI Operating Charter” means the Articles of Association of VTTI Operating, dated as of June 17, 2014. “VTTI Operating Entities” means VTTI Operating, the Holding Companies and the Operating Companies and their respective subsidiaries. “VTTI Operating Revolving Credit Facility” means that certain facility agreement, dated as of June 26, 2014, among VTTI Operating, Coöperatieve Centrale Raiffeisen- Boerenleenbank B.A. trading as Rabobank International, as agent, The Bank of Tokyo- Mitsubishi UFJ, Ltd., Labuan Branch, BNP Paribas, Coöperatieve Centrale Raiffeisen- Boerenleenbank B.A. trading as Rabobank International, The Hong Kong and Shanghai Banking Corporation Limited, ING Bank N.V., Oversea Chinese Banking Corporation Limited, London Branch, Société and Sumitomo Mitsui Banking Corporation, Singapore Branch, as Joint Lead Arrangers, and the lenders party thereto.
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Examples of VTTI Operating in a sentence

  • As per the execution of the Deed of Transfer whereby this contribution is effectuated, (i) VTTI Holdings is admitted as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter, (ii) the Partnership ceases to be a shareholder of VTTI Operating, and (iii) VTTI Operating continues without dissolution with VTTI Holdings as a shareholder.

  • As per the execution of the Deed of Transfer whereby the Second Partnership Contribution is effectuated, (i) the Partnership’s participation in the share capital of VTTI Operating is increased by the Second Partnership Contribution, (ii) the General Partner ceases to be a shareholder of VTTI Operating and (iii) VTTI Operating continues without dissolution with the Partnership as a shareholder.

  • As per the execution of the Deed of Transfer whereby the First Partnership Contribution is effectuated, the Partnership is admitted to VTTI Operating as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter as a shareholder of VTTI Operating, and VTTI Operating continues without dissolution with the Partnership as a shareholder.

  • Each of VTTI, the Partnership and VTTI Operating agree that the transfer of the Subject Assets shall take place as promptly as reasonably practicable after the Closing Date.

  • The Licensee is solely responsible for negotiat- ing and collecting any fee it charges the Customer for the services contemplated in this agreement.

  • Our assets consist of a 36.0% interest in VTTI Operating, which owns a portfolio of 6 terminals with 397 tanks and 35.5 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia, and North America.

  • In conjunction with our IPO on August 6, 2014, we acquired a 36.0% interest in VTTI Operating, which owns a portfolio of 6 terminals with 397 tanks and 35.5 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia, and North America.

  • Each terminal additionally maintains local insurances, including automobile, healthcare and other insurances required by the respective jurisdiction.The premiums for the global insurance program are charged to the terminals directly, with the exception of the insurance for terrorism and political violence, which is charged to VTTI Operating.

  • These additional restrictions could adversely affect our ability to finance our future operations or capital needs or engage in, expand or pursue our business activities.The VTTI Operating Revolving Credit Facility and the VTTI Revolving Credit Facility contain covenants requiring the borrowers thereunder to maintain certain financial ratios.

  • As per the execution of the Deed of Transfer whereby this contribution is effectuated, (i) VTTI Holdings is admitted as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter, (ii) the Partnership ceases to be a shareholder of VTTI Operating, and (iii) VTTI Operating continues without dissolution with VTTI Holdings as a shareholder.Section 2.6 Payment of Fees and Expenses.

Related to VTTI Operating

  • Operating or "Operation" means to provide (or the provision of) all the operation, engineering, purchasing, repair, supervision, training, inspection, testing, protection, use, management, improvement, replacement, refurbishment, retirement, and maintenance activities associated with operating the Generating Facility in accordance with Prudent Electrical Practices.

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • co-operative means a co-operative registered in terms of section 7 of Cooperatives Act, 2005 (Act No. 14 of 2005)

  • In operation means engaged in activity related to the primary design function of the source.

  • Salvage operation means any business, trade or industry engaged in whole or in part in salvaging or reclaiming any product or material, including but not limited to metals, chemicals, shipping containers or drums.

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities, including any temporary association of undertakings, which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • Farming operation means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Gaming Operation means the business enterprise that offers and operates Gaming Activities, whether exclusively or otherwise.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM on file with the Commission.

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • 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.

  • Storage operator means a person holding or applying for a permit.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Partnership Group means the Partnership and its Subsidiaries treated as a single consolidated entity.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Unit operating hour or "hour of unit operation" means an hour in which a unit combusts any fuel.