LEASE OF MOBIL PIPELINES Sample Clauses

LEASE OF MOBIL PIPELINES. Enterprise shall exercise its best efforts to negotiate and enter into: (1) a lease, in assignable form and satisfactory in scope, substance and form to Hercules, from Mobil Oil Company or its affiliate, as lessor, to Enterprise, as lessee, covering the petroleum products pipeline commencing at a point near Mt. Belvieu, Texas and extending under the Houston, Texas ship channel to a point near La Porte, Texas (such pipeline, if acquired by lease, shall constitute part of the Pipeline Systems); and (2) a lease, in assignable form and satisfactory in scope, substance and form to Hercules, from Mobil Oil Company or its affiliate, as lessor, to Enterprise, as lessee, covering the petroleum products pipeline commencing at the Goodyear Beaumont Chemical Plant, southwest of Beaumont, Texas, and extending under the Sabine River to its terminus at a point east of such river (such pipeline, if acquired by lease, shall constitute part of the Pipeline Systems).
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Related to LEASE OF MOBIL PIPELINES

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