Common use of Month End Inventory Clause in Contracts

Month End Inventory. (a) As of 11:59:59 p.m., CPT, on the last day of each month, the Partnership Parties shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks and the Product Pipelines, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks at that time, plus the Crude Oil Linefill at that time (the “Actual Month End Crude Volume”) and (ii) for each Product, the aggregate volume of Product Linefill for such Product at that time (each, an “Actual Month End Product Volume”). The Partnership Parties shall notify the Company of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, on the fifth Business Day thereafter. (b) At the cost and expense of the Company, the Company may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company shall direct. If, in the judgment of the Company or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties will cooperate with the Company, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPTHST, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks and the Product PipelinesIncluded Locations, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks at that time, plus the Crude Oil Linefill at that time (the “Actual Month End Ending In-Tank Crude VolumeInventory”) and (ii) for each Product, the aggregate volume of such Product held in the Refinery Product Storage Tanks and the other Included Product Tanks at that time, plus the Product Linefill for such Product at that time (each, an “Actual Month End Ending In-Tank Product VolumeInventory”). The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Ending In-Tank Crude Volume Inventory and each Actual Month End Ending In-Tank Product Volume Inventory by no later than 5:00 p.m., CPT, HST on the fifth Business Day tenth day thereafter, except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the tenth (10th) day after the end of such month. (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, at Aron’s sole cost and expense, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the reasonable judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Ending In-Tank Crude Volume Inventory and any Actual Month End Ending In-Tank Product Volume Inventory as may be necessary to correct any such errors. (c) The Company agrees that in addition to reporting to Xxxx the volume determinations made by the Company pursuant to Section 9.2(a), the Company will provide to Xxxx copies of all volume reports and statements related to Crude Oil or Products held at any Included Locations or with respect to any hydrocarbon inventories held by the Company at any other locations including any inventory, quantity, or quality inspection reports prepared by a third party.

Month End Inventory. (a) As of 11:59:59 p.m., CPTPST, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks Facilities and the Product PipelinesStorage Facilities, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks and Included Crude Tanks at that time, plus the Crude Oil Linefill at that time minus the Baseline Volume for Crude Oil (the “Actual Month End Crude Volume”) ), which may be positive, negative or zero and (ii) for each Product, the aggregate volume of such Product held in the Product Storage Tanks and Included Product Tanks at that time, plus the Product Linefill for such Product at that time minus the Baseline Volume for such Product (each, an “Actual Month End Product Volume”), which may be positive, negative or zero. The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, PST on the fifth Business Day thereafter, except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month. (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPT, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks Facilities and the Product PipelinesStorage Facilities, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks and Included Third Party Storage Tanks at that time, plus the Crude Oil Linefill at that time minus the Baseline Volume for Crude Oil (the “Actual Month End Crude Volume”) ), which may be positive, negative or zero and (ii) for each Product, the aggregate volume of such Product held in the Product Storage Tanks and the Included Product Tanks at that time, plus the Product Linefill for such Product at that time minus the Baseline Volume for such Product (each, an “Actual Month End Product Volume”), which may be positive, negative or zero. The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, CPT on the fifth Business Day tenth day thereafter, except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month. (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPTPST, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks Facilities and the Product PipelinesStorage Facilities, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks and Included Crude Tanks at that time, plus the Crude Oil Linefill at that time minus the Baseline Volume for Crude Oil (the “Actual Month End Crude Volume”) ), which may be positive, negative or zero and (ii) for each Product, the aggregate volume of such Product held in the Product Storage Tanks and the Included Product Tanks at that time, plus the Product Linefill for such Product at that time minus the Baseline Volume for such Product (each, an “Actual Month End Product Volume”), which may be positive, negative or zero. The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, PST on the fifth Business Day tenth day thereafter, except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month. (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPT, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil PipelinesStorage Tanks, the Crude Included Supplemental Facilities, the Product Storage Tanks and the Product PipelinesOther Included Crude Locations, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks at that time, plus the and Other Included Crude Oil Linefill Locations at that time minus the Baseline Volume for Crude Oil (the “Actual Month End Crude Volume”) ), which may be positive, negative or zero and (ii) for each Product, the aggregate volume of such Product Linefill held in the Product Storage Tanks and the Included Supplemental Facilities at that time minus the Baseline Volume for such Product at that time (each, an “Actual Month End Product Volume”), which may be positive, negative or zero. The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, CPT on the fifth Business Day tenth day thereafter., except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPT, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks Facilities and the Product PipelinesStorage Facilities, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks at that time, plus the Crude Oil Linefill at that time (the “Actual Month End Crude Volume”) and (ii) for each Product, the aggregate volume of such Product held in the Product Storage Tanks at that time, plus the aggregate volume of such Product held in the Included Third Party Storage Tanks at that time, plus the Product Linefill for such Product at that time (each, an “Actual Month End Product Volume”). The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, CPT on the fifth Business Day thereafter, except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month. (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPTPST, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks Facilities and the Product PipelinesStorage Facilities, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks and Included Crude Tanks at that time, plus the Crude Oil Linefill at that time (the “Actual Month End Crude Volume”) and (ii) for each Product, the aggregate volume of such Product held in the Product Storage Tanks and Included Product Tanks at that time, plus the Product Linefill for such Product at that time (each, an “Actual Month End Product Volume”). The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, PST on the fifth Business Day thereafter, except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month. (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPT, on the last day of each month, the Partnership Parties Owner shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks and the Product PipelinesAssets, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks Assets at that time, plus the Crude Oil Linefill at that time (the “Actual Month End Crude Volume”) and (ii) for each Product, the aggregate volume of such Product held in the Assets at that time, plus the Product Linefill for such Product at that time (each, an “Actual Month End Product Volume”). The Partnership Parties Owner shall notify the Company Customer of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, on the fifth Business Day thereafter. (b) At the cost and expense of the CompanyCustomer, the Company Customer may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Customer shall direct. If, in the judgment of the Company Customer or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Owner will reasonably cooperate with the CompanyCustomer, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.

Month End Inventory. (a) As of 11:59:59 p.m., CPTPST, on the last day of each month, the Partnership Parties Company shall apply the Volume Determination Procedures to the Crude Oil Pipelines, the Crude Storage Tanks Facilities and the Product PipelinesStorage Facilities, and based thereon shall determine for such month (i) the aggregate volume of Crude Oil held in the Crude Storage Tanks and Included Crude Tanks at that time, plus the Crude Oil Linefill at that time (the “Actual Month End Crude Volume”) and (ii) for each Product, the aggregate volume of such Product held in the Product Storage Tanks and Included Product Tanks at that time, plus the Product Linefill for such Product at that time (each, an “Actual Month End Product Volume”). The Partnership Parties Company shall notify the Company Xxxx of the Actual Month End Crude Volume and each Actual Month End Product Volume by no later than 5:00 p.m., CPT, PST on the fifth Business Day thereafter. , except that with respect to volume information provided by third parties, the Company shall endeavor to cause third parties to provide such information to Xxxx by the fifteenth (15th) day after the end of such month. 36 (b) At the cost and expense of the Company, the Company Xxxx may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as the Company Xxxx shall direct. If, in the judgment of the Company Xxxx or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then the Partnership Parties Company will cooperate with the CompanyXxxx, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to the Actual Month End Crude Volume and any Actual Month End Product Volume as may be necessary to correct any such errors.