Closed or Abandoned Refineries Sample Clauses

Closed or Abandoned Refineries. Notwithstanding any other provision of this Article IX, in the event any Marathon Refinery or Ashland Refinery is closed or abandoned, in whole or in part, by the Company during the eight-year period following the Closing Date, the costs of removing equipment and conducting any new Remediation Activities to the extent necessitated by such closure or abandonment, for the Lowest Remediation Cost and subject to Section 9.8(h), whenever incurred, will be shared equally by Marathon and Ashland, regardless of whether or not minor operations are continued on the site or immediate cleanup is required. The process of any such closure and abandonment shall be supervised by the Company, in accordance with the terms of Section 9.8(c) and Section 9.8(i). If any Marathon Refinery or Ashland Refinery is closed or abandoned, in whole or in part, by the Company more than eight years after the Closing Date, any such costs will be borne in full by the Company.
Sample 1
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Related to Closed or Abandoned Refineries

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  • Underground Storage Tanks Borrower shall not install or permit to be installed on the Property any underground storage tank.

  • Abandoned Property If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

  • Included Assets The Assets referred to in Section 1.1(a)(ii) shall include, without limitation, the following assets, properties and rights of Seller used directly or indirectly in the conduct of, or generated by or constituting, the Business, except as otherwise expressly set forth in this Agreement:

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  • Continuously Offered Closed-End Funds This Section 13 relates solely to shares of Funds that represent a beneficial interest in shares issued by a fund that is a closed-end investment company registered under the 1940 Act that makes a continuous offering of its shares, for which we or an affiliate of ours serve as principal underwriter, and that periodically repurchases its shares (each, a “Trust”). Shares of a Trust that are offered to the public will be registered under the 1933 Act, and are expected to be offered during an offering period that may continue indefinitely (“Continuous Offering Period”). There is no guarantee that such a continuous offering will be maintained by a Trust. The Continuous Offering Period, shares of a Trust and certain of the terms on which such shares are offered shall be as described in the Prospectus of the Trust. As set forth in a Trust’s then current Prospectus, we may, but are not obligated to, provide you with appropriate compensation for selling shares of the Trust. In addition, you may be entitled to a fee for servicing your clients who are shareholders in a Trust, subject to applicable law and FINRA Conduct Rules. You agree that any repurchases of shares of a Trust that were originally purchased as Qualifying Sales shall be subject to Subsection 6(b) hereof. You expressly acknowledge and understand that, notwithstanding anything to the contrary in this Agreement:

  • Closed-End Funds With regard to any Fund that is a closed-end Fund,

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  • Operations Since Balance Sheet Date (a) Except as set forth in Schedule 5.5(A), since the Balance Sheet Date, there has been:

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