Common use of Jointly Owned Subsidiaries Clause in Contracts

Jointly Owned Subsidiaries. In any instance in which a Subsidiary that is not, directly or indirectly through one or more intermediaries, a wholly-owned Subsidiary of the Operating Partnership owns a pipeline or terminal, the volumes deemed transported in a Crude Oil Pipeline or a Refined Product Pipeline or terminalled through a Refined Product Terminal, as applicable, by such Subsidiary shall be equal to the total volume transported in such pipeline or terminalled through such terminal multiplied by the direct or indirect ownership interest, on a percentage basis, of the Operating Partnership in such Subsidiary.

Appears in 1 contract

Samples: Pipelines and Terminals Usage Agreement (Valero L P)

AutoNDA by SimpleDocs

Jointly Owned Subsidiaries. In any instance in which a Subsidiary that -------------------------- is not, not directly or indirectly through one or more intermediaries, a wholly-owned Subsidiary of the Operating Partnership owns a pipeline or terminal, the volumes deemed transported in a Crude Oil Pipeline or a Refined Product Pipeline or terminalled through a Refined Product Terminal, as applicable, by such Subsidiary shall be equal to the total volume transported in on such pipeline or terminalled through such terminal multiplied by the direct or indirect ownership interest, on a percentage basis, of the Operating Partnership in such Subsidiary.

Appears in 1 contract

Samples: Storage and Throughput Agreement (Sunoco Logistics Partners Lp)

Jointly Owned Subsidiaries. In any instance in which a Subsidiary that is not, directly or indirectly through one or more intermediaries, a wholly-owned Subsidiary of the Operating Partnership owns a pipeline or terminal, the volumes deemed transported in a Crude Oil Pipeline or a Refined Product Pipeline or terminalled through a Refined Product Terminal, as applicable, by such Subsidiary shall be equal to the total volume transported in on such pipeline or terminalled through such terminal multiplied by the direct or indirect ownership interest, on a percentage basis, of the Operating Partnership in such Subsidiary.

Appears in 1 contract

Samples: Pipelines and Terminals Usage Agreement (Shamrock Logistics Lp)

Jointly Owned Subsidiaries. In any instance in which a Subsidiary subsidiary that -------------------------- is not, not directly or indirectly through one or more intermediaries, a wholly-owned Subsidiary subsidiary of the Operating Partnership Group owns a pipeline or terminal, the volumes deemed transported in a Crude Oil Pipeline or a Refined Product Pipeline or terminalled through a Refined Product Terminal, as applicable, by such Subsidiary subsidiary shall be equal to the total volume transported in on such pipeline or terminalled through such terminal multiplied by the direct or indirect ownership interest, on a percentage basis, of the Operating Partnership Group in such Subsidiarysubsidiary.

Appears in 1 contract

Samples: Storage and Throughput Agreement (Sunoco Logistics Partners Lp)

AutoNDA by SimpleDocs

Jointly Owned Subsidiaries. In any instance in which a Subsidiary that -------------------------- is not, not directly or indirectly through one or more intermediaries, a wholly-owned Subsidiary of the Operating Partnership owns a pipeline or terminal, the volumes deemed transported in a Crude Oil Pipeline or a Refined Product Pipeline or terminalled through a Refined Product Terminal, as applicable, by such Subsidiary shall be equal to the total volume transported in on such pipeline or terminalled through such terminal multiplied by the direct or indirect ownership interest, on a percentage basis, of the Operating Partnership in such Subsidiary.. (g)

Appears in 1 contract

Samples: Storage and Throughput Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.