CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR SUCH INFORMATION HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE INFORMATION HAS BEEN MARKED AT THE APPROPRIATE PLACE WITH BRACKETS AND THREE ASTERISKS [***].
Line Fill means the amount of Crude Oil necessary for pipeline line fill and tankage fill required to ensure efficient operation of the Gathering System, as determined by Gatherer acting as a Reasonable and Prudent Operator.
Maintenance means inspections, pigging, maintenance, testing, alterations, modifications, expansions, connections, repairs or replacements to the Gathering System or its ancillary facilities as Gatherer deems necessary.
Measurement Facilities means facilities or equipment used to measure the volume and quality of the Crude Oil, which may include meters, isolation valves, recording devices, communication equipment, buildings and barriers.
Month means a period commencing at 7:00 a.m., Central Standard Time, on the first Day of a calendar month and extending until 7:00 a.m., Central Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.
New Acreage has the meaning given to such term in the recitals to this Agreement.
New Gathering System Assets has the meaning given to such term in the recitals to this Agreement.
New Well means any Well spud after the Effective Date.
Original Agreement has the meaning given to such term in the recitals to this Agreement.
Party has the meaning given to such term in the preamble of this Agreement.
Permit means any permit, license (including seismic or geophysical licenses, where applicable), certification, concession, approval, consent, ratification, waiver, authorization, clearance, confirmation, exemption, franchise, designation, variance, qualification or accreditation issued, granted, given or otherwise made available by or under any Governmental Authority or pursuant to any Applicable Law.
Person means an individual, a corporation, a partnership, a limited partnership, a limited liability company, an association, a joint venture, a trust, an unincorporated organization, or any other entity or organization, including a Governmental Authority.
PLA means an amount of Crude Oil allocated as a deduction to Receipt Point volumes for the actual evaporation, interface losses, shrink and other normal losses during gathering of Crude Oil under this Agreement, as determined by Gatherer acting as a Reasonable and Prudent Operator.
Planned Tank Battery has the meaning given such term in Section 3.3(b).
Prime Rate means the variable annual rate of interest charged by Citibank, New York (or its successor) to calculate interest on variable rate commercial loans made in the United States to its most creditworthy customers.