Foreign Trade Zone Sample Clauses
Foreign Trade Zone. If Buyer and Seller agree to operate from a foreign trade zone (“FTZ”), any benefit arising from operation in such FTZ will inure to Buyer, and both parties will cooperate and adopt procedures designed to capture and maximize such benefit.
Foreign Trade Zone. If Buyer and Supplier agree to operate from any Foreign Trade Sub-Zone established by Buyer, any benefit arising from operation in such Foreign Trade Sub-Zone will inure to Buyer, and both parties will cooperate and adopt procedures designed to capture and maximize such benefit. Supplier shall be reimbursed immediately for any reasonable additional expense incurred to capture and maximize such benefit for Buyer.
Foreign Trade Zone. The Refinery complex is operating in Foreign Trade Zone 35C (the “Subzone”) under a valid grant of authority from the Foreign Trade Zones Board and has been activated with the U.S. Customs Service. Sunoco’s Marcus Hook Refinery complex is also operating in the Subzone pursuant to the same grant of authority. Promptly after the Closing, Sunoco shall cause Sunoco, Inc. (R&M) to take all necessary actions, with the assistance and cooperation of TCG and NewCo, to prepare and file with U.S. Customs and Border Protection (“Customs”), the applicable port authority (the “Port Authority”) and any other Governmental Authority the documents required to request formal approval to remove the Marcus Hook Refinery complex from the granted and activated Subzone. Thereafter, Sunoco shall cause Sunoco, Inc. (R&M) to take, and NewCo shall take, all necessary actions to prepare and file with Customs, the Port Authority and any other Governmental Authority the documents required to request formal approval for the change in operator of the Philadelphia Refinery complex Subzone from Sunoco, Inc. (R&M) to NewCo (the “Subzone Application”). In connection with the Subzone Application, NewCo shall promptly submit to Customs, the Port Authority and other Governmental Authority such supplemental information and take such additional actions as Customs, the Port Authority and any other Governmental Authority may request or require in connection therewith. NewCo shall use commercially reasonable efforts to cause the Subzone Application to be granted, including executing all such additional agreements and orders with Customs, the Port Authority and any other Governmental Authority and providing all financial assurance (including the posting of bonds) required by Customs, the Port Authority and any other Governmental Authority.
Foreign Trade Zone. Each of Landlord and Tenant shall reasonably cooperate with the other to (a) minimize the adverse tax impact, if any, of the termination of the Foreign Trade Zone or Subzone applicable to the Premises, and (b) avoid such termination, provided that such cooperation shall not require Tenant to incur any material cost or expenditure, or assume any obligation or liability.
Foreign Trade Zone. A. Scope Adjustments The Parties agree the Scope of Work will be adjusted as outlined in Exhibit N Phase 1 Scope Trend #S1-00116 (Foreign Trade Zone Phase 1).
Foreign Trade Zone. BHP Refining and Citizens shall each use commercially reasonable efforts to maintain Foreign-Trade Subzone status for its respective Foreign-Trade Subzone and prevent revocation or cessation of such status or the benefits thereof, including payment of administrative fees to the State of Hawaii and compliance with all applicable statutes, laws, regulations and governmental orders (including those of the U.S. Customs Service, the State of Hawaii, the Foreign-Trade Zones Board and the City and County of Honolulu with respect to duties, quotas, recordkeeping and administration of its respective Foreign-Trade Subzone). Notwithstanding the foregoing, neither BHP Refining nor Citizens shall be obligated to maintain Foreign-Trade Subzone status if material changes, whether with respect to applicable law, statutes, regulations, or relating to the operation of each party's business, make it commercially unreasonable for such party to maintain such status.
Foreign Trade Zone. Owner shall comply with its obligations in Attachment LL.
Foreign Trade Zone. Tenant hereby acknowledges that Landlord has obtained a Foreign Trade Zone (“FTZ”) designation for the Building from the Columbus Regional Airport Authority (“CRAA”). Tenant shall continue to be responsible for any and all applicable fees associated with the FTZ status of the Building, including, but not limited to, annual maintenance and licensing fees which shall be billed to Landlord annually and paid by Tenant as a part of Operating Expenses, administrative costs associated with the reporting requirements to the CRAA and all consulting fees associated with activating the FTZ for Tenant’s specific use of the Building.”
7. Deletion of Section 16.14.
Foreign Trade Zone. The Refinery Complex is operating in the Foreign Trade Subzone 142C (the “Subzone”) under a valid grant of authority from the Foreign Trade Zones Board and has been activated with the U.S. Customs Service. From and after the Closing, the Contributor will take all actions necessary, with the cooperation of the Acquirer, to allow the Acquirer to own and operate the Contributed Assets and utilize the Subzone in the conduct of its business at the Refinery Complex, including, if necessary, notifying the Foreign Trade Zones Board and any other applicable Governmental Authorities of the transfer of the Contributed Assets from the Contributor to the Acquirer; provided, however, that the Contributor shall remain the operator of the Subzone from and after the Closing and shall provide FTZ-related services to the Acquirer pursuant to and in accordance with the Site Services Agreement.
Foreign Trade Zone. Prior to the Closing, Seller and Buyer will take commercially reasonable steps necessary to transfer to Buyer the authority of the Refinery to operate as a subzone of Foreign Trade Zone #99-E.