Adjustments to Throughput Volume Commitments Clause Samples

Adjustments to Throughput Volume Commitments. (i) It is expressly agreed that if CITGO Petroleum Products (“CITGO”) fails or refuses to execute the CITGO Consent or if CITGO exercises its Right of First Refusal, then the term “Minimum Daily Throughput Commitment Per Terminal” shall mean the Barrels referred to in Exhibit B attached hereto minus the number of barrels of Products designated for the Spartanburg Terminal therein. It is further expressly agreed that if CITGO executes the CITGO Consent or exercises its Put Right, then the term “Minimum Daily Throughput Commitment Per Terminal” shall mean and equal the Minimum Daily Throughput Commitment Per Terminal referred to in Exhibit B attached hereto without modification. The terms “Right of First Refusal,” “CITGO Consent” and “Put Right” shall have the meanings assigned to such terms in the Spartanburg Purchase Agreement.