Pipeline Property definition

Pipeline Property means Property of the Pipeline Subsidiaries owned in connection with transportation of petroleum via pipeline or storage of petroleum at terminals.
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Pipeline Property means real property owned or leased solely for the purpose of operating or maintaining a pipeline through such real property; provided that such real property does not include any storage terminal, processing equipment or other personal property components of any related gathering system.
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Pipeline Property. “ shall mean any property that PMB LLC or its affiliate intends to develop (or has commenced development) into a MOB during the “Pipeline Property Term” (as hereinafter defined).
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Examples of Pipeline Property in a sentence

  • Nor can the Development Property or Minimum Improvements be used as centrally assessed property (including but not limited to, Iowa Code § 428.24 to 428.29 (Public Utility Plants and Related Personal Property); Chapter 433 (Telegraph and Telephone Company Property); Chapter 434 (Railway Property); Chapter 437 (Electric Transmission Lines); Chapter 437A (Property Used in the Production, Generation, Transmission or Delivery of Electricity or Natural Gas); and Chapter 438 (Pipeline Property)).

  • Notwithstanding the foregoing, at all times prior to Owner Party’s acquisition thereof, the Lennar Parties shall retain the sole and absolute right to disapprove due diligence or any other contingency with respect to a Pipeline Property and/or to amend or terminate a Lennar PSA.

  • Nor can the Development Property be used as centrally assessed property (including but not limited to, Iowa Code § 428.24 to 428.29 (Public Utility Plants and Related Personal Property); Chapter 433 (Telegraph and Telephone Company Property); Chapter 434 (Railway Property); Chapter 437 (Electric Transmission Lines); Chapter 437A (Property Used in the Production, Generation, Transmission or Delivery of Electricity or Natural Gas); and Chapter 438 (Pipeline Property)).

  • The parties’ rights and obligations under Section 7.2 hereof shall automatically terminate and be of no further force or effect, upon the expiration or earlier termination of the Pipeline Property Term.

  • Notwithstanding anything herein to the contrary, the parties shall not be obligated to consummate any Pipeline Property Contribution Transaction with respect to any Pipeline Property that is determined to be a Non-Qualifying MOB.

  • If NHP and the Operating Partnership fail to timely provide an Initial Approval Notice with respect to a particular Pipeline Property, then NHP and the Operating Partnership shall be deemed to have delivered a Preliminary Rejection Notice with respect to such Pipeline Property.

  • The real property subject to this Agreement (collectively, the “Property”) shall be all of the Proposed Pipeline Property located in the Township, as described in the deed recorded in ▇▇▇▇▇ County Deed Book 245 at page 1065 (Tax Parcel 20-161-35) and further depicted in that certain map recorded in ▇▇▇▇▇ County Map Book 4 at page 78.

  • During the Pipeline Property Term, PMB LLC shall deliver with respect to each Pipeline Property, a Preliminary Notice to NHP and the Operating Partnership, unless such Pipeline Property constitutes a Non-Qualifying MOB pursuant to clauses (a), (c), (d) or (e) of the definition thereof, in which case the provisions of Section 3.1 above shall apply and PMB LLC shall be under no obligation to deliver a Preliminary Notice pursuant to this Section 3.2 with respect to such Pipeline Property.

  • During the period from the Preliminary Approval Date to and until the earlier of (A) abandonment of the Pipeline Property by PMB LLC pursuant to the preceding sentence or (B) delivery to NHP and the Operating Partnership of the Final Information Package, PMB LLC shall keep each of NHP and the Operating Partnership reasonably informed as to the status of any proposed Pipeline Property and PMB LLC’s efforts with respect to the same.

  • In the event that any Pipeline Property is a Non-Qualifying MOB, then PMB LLC’s and/or its affiliate’s development of such Pipeline Property shall not be considered a Strike pursuant to Section 2.1 hereof, regardless of whether a Preliminary Rejection Notice or Final Rejection Notice has been delivered by NHP or the Operating Partnership with respect thereto.


More Definitions of Pipeline Property

Pipeline Property means any natural gas processing plant, compression station or terminal acquired by a Loan Party after the Closing Date for use in the Loan Parties’ Midstream Activities.
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Pipeline Property means any property that was in the REIT Group’s formal Compensation Committee Chairperson-approved acquisition pipeline (“Acquisition Pipeline”) as of the of termination of Executive’s employment and for which one of the following conditions existed as of such date: (i) the REIT Group had, as of the date of Executive’s termination, entered into a letter of intent, mutual term sheet, purchase agreement with respect to such property executed by the seller of the property, or the property was entered into the Approved Pipeline, and such letter of intent, mutual terms sheet, or purchase agreement did not terminate or expire, nor was such property removed from the Approved Pipeline, prior to Executive’s termination, or (ii) the Compensation Committee of the Board (as in effect immediately prior to the Change in Control) otherwise determines that closing of the acquisition of such property is reasonably likely to occur. The term “Approved Pipeline” shall mean any property provided by Executive to the REIT’s Compensation Committee Chairperson via email by the fifth day of each month for review and approval, and which shall be reviewed by the Compensation Committee Chairperson within three (3) business days thereof. Any disputes relating to the approval of any property as part of the Approved Pipeline must be resolved between Executive and the REIT’s Compensation Committee Chairperson no later than 10 days following Executive’s written notice 31131106v1
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Pipeline Property means the pipelines, gathering lines, and flow lines owned or held for use by the Companies, together with all meters, equipment, pumps, compressors, loading racks, buildings and other fixtures and facilities owned or held for use in association therewith, together with the Easements, Owned Real Property and Leased Real Property upon which the foregoing are located.
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Related to Pipeline Property

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Adjoining Property means any adjoining or neighbouring premises in which the Landlord or a Group Company of the Landlord holds or shall at any time during the Term hold a freehold or leasehold interest;