Compression Service definition
Examples of Compression Service in a sentence
Borrower shall not enter into any contract in the ordinary course of its business for the provision of compression services by Borrower to a customer in which a Compression Unit is utilized except in substance substantially similar to the Gas Compression Master Service Agreement and the Compression Service Proposal and Agreement related thereto attached hereto as Schedule 6.33.
It is understood that Buyer may refer to the name Tidewater Compression Service Inc.
TW Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of Holdings ("TW"), acquired on the date hereof (the "Acquisition") all of the issued and outstanding shares of common stock of Tidewater Compression Service, Inc., a Texas corporation ("Compression"), pursuant to a Stock Purchase Agreement, dated December 18, 1997, by and between TW (which, after acquiring the stock of, and being merged into, Compression, changed its name to Universal Compression Inc.
TW Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of Holdings ("TW"), proposes to acquire (the "Acquisition") all of the issued and outstanding shares of common stock of Tidewater Compression Service, Inc., a Texas corporation ("Compression"), pursuant to a Stock Purchase Agreement, dated December 18, 1997, by and between TW (which, after acquiring the stock of, and being merged into, Compression will change its name to Universal Compression Inc.
Immediately following the issuance of the TW Notes and the completion of the Acquisition, TW will be merged (the "Merger") pursuant to a Merger Agreement (the "Merger Agreement") with and into Tidewater Compression Service, Inc., which will change its name to Universal Compression, Inc.
If a Change Event shall occur, PRB shall have no obligation to enter into a Compression Service Agreement.
The Compression Service Agreement extent of services and charges shall be negotiated by the parties in good faith, and shall be at the prevailing market rate for similar services based on a comparable term in the general area of the Facilities; and, provided further, that if PRB shall receive a bona fide bid from an unaffiliated third party for comparable services, including term, BPE shall have the right to match such bid within 10 days after notice thereof.
If this Operations Agreement shall be terminated by PRB prior to a date that is four (4) years from inception hereof, to the extent that compression is required on the Facilities, the Parties shall enter into a Compression Service Agreement for the Compression equipment described in Section 4.B., above for a term equal to the balance of the time remaining until the date following 4 years from inception hereof ("Compression Lease Period").
During the term of the Compression Service Agreement, BPE shall have the right to inspect the compression equipment and shall be provided unrestricted rights of ingress and egress to, over and across the Facilities for the purpose of exercising its responsibilities under this Service Agreement.
If BPE matches such third-party bid, then BPE and PRB will enter into a Compression Service Agreement based on such amount.