ADDITIONAL PROVISIONS APPLICABLE TO PURCHASES OF FOREIGN-ORIGIN CARGOES Sample Clauses

ADDITIONAL PROVISIONS APPLICABLE TO PURCHASES OF FOREIGN-ORIGIN CARGOES. 5.1 In addition to the domestic Crude Oil acquired for Premcor pursuant to Article 4, Premcor may request that MSCG also purchase on its behalf cargoes of foreign-origin Crude Oil to be delivered either at the LOOP, St. Xxxxx or on an FOB loadport basis. Premcor shall negotiate purchases of such cargoes in accordance with Articles 4 and 5. MSCG is willing to purchase the Crude Oil for Premcor either FOB loadport or DES LOOP or St. Xxxxx. In either event, unless the Parties agree otherwise, MSCG shall sell the Crude Oil to Premcor at an ex-duty price on a DES basis. Title to and risk of loss of the Crude Oil shall pass to Premcor at the Delivery Point. 5.2 Premcor promptly shall provide MSCG with a copy of the proposed Contract or other documentation memorializing the terms of the proposed transaction with the Counterparty for MSCG's approval. MSCG promptly shall respond to the Counterparty and furnish Premcor with a copy of the final Contract. MSCG also promptly shall transmit to Premcor a Confirmation containing the terms and conditions of the sale from MSCG to Premcor. 5.3 Premcor and MSCG have entered into a Contract of Affreightment effective the Closing Date, attached hereto as Exhibit B, such that Premcor is able to and agrees to charter all self-propelled ocean-going marine vessels for transportation of the Crude Oil that MSCG purchases FOB loadport for delivery to St. Xxxxx or the LOOP. 5.4 Premcor shall be responsible for compliance with all Applicable Laws regarding the importation of Crude Oil and all requirements of a Governmental Authority, including the Louisiana Department of Revenue, the United States Department of Energy and the United States Customs Service ("Customs"
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Related to ADDITIONAL PROVISIONS APPLICABLE TO PURCHASES OF FOREIGN-ORIGIN CARGOES

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  • Provisions Applicable to All Transfers and Exchanges (i) Subject to the restrictions set forth in this Section 2.11, Physical Notes and beneficial interests in Global Notes may be transferred or exchanged from time to time as desired, and each such transfer or exchange will be noted by the Registrar in the Register. (ii) All Notes issued upon any registration of transfer or exchange in accordance with this Indenture will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange. (iii) No service charge will be imposed on any Holder of a Physical Note or any owner of a beneficial interest in a Global Note for any exchange or registration of transfer, but each of the Company, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover any transfer tax, assessment or other governmental charge imposed in connection with such registration of transfer or exchange. (iv) Unless the Company specifies otherwise, none of the Company, the Trustee, the Registrar or any co-Registrar will be required to exchange or register a transfer of any Note (i) that has been surrendered for conversion or (ii) as to which a Fundamental Change Purchase Notice has been delivered and not withdrawn, except to the extent any portion of such Note is not subject to the foregoing. (v) Neither the Trustee nor any Agent will have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

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