National Fuel New Services Department 365 Mineral Springs Road #3 Buffalo, NY 14210 Ronald J. Tanski, President and CEO of National Fuel, said, “National Fuel is very pleased to expand our relationship with IOG. The Joint Development Agreement has a number of operational and financial benefits for both parties. For National Fuel, it allows us to take advantage of the competitive advantage of our low costs, royalty acreage in the Marcellus and reduce the level of investment in our upstream business over the next two years, while maintaining operational efficiency and providing the flow rate that is needed to support our pipeline expansion projects. Given National Fuel`s strong footprint on the Appalachians and the direction of our strategic objectives, we believe there may be additional opportunities to work with IOG to accelerate the creation of value for our shareholders. Jefferies LLC acted as Seneca`s exclusive financial advisor for this transaction and Kirkland-Ellis as legal counsel. Jackson Walker, LLP was legal counsel for IOG. adoption of the countryman definition of the performance contract at the time of the finding, if a contract is executed under Section 365 of the Bankruptcy Code The Bankruptcy Court also found that Sharon demonstrated that the estate would benefit from the refusal of the contract, id. to 630 (referring to In re Wheeling Pittsburgh Steel Corp., 72 B.R. 845 (Bankr.W.D.Pa 1987) and that under the Bankruptcy Act nr. 365 (g) (1) the date of refusal should be the date immediately preceding the filing of the bankruptcy application.
. C The legal history of seeing it 365 shows that there is no precise definition of contracts … Send your cheque to National Fuel in the self-addressed envelope attached to your return. As a performance contract, National Fuel`s service contract with Sharon was rejected under section 365, and the bankruptcy court duly granted Sharon`s request to reject the agreement when it found that the refusal would benefit the estate.