Common use of Negative Inventory Clause in Contracts

Negative Inventory. Company shall not withdraw from any Terminal a greater volume of any Commodity than it has in inventory at that Terminal on the Day of withdrawal.

Appears in 3 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Terminal Services Agreement (Phillips 66 Partners Lp), Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)

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Negative Inventory. Company shall not withdraw from any either Terminal a greater volume of any Commodity than it has in inventory at that Terminal on the Day of withdrawal.

Appears in 3 contracts

Samples: Terminal Services Agreement (Phillips 66 Partners Lp), Terminal Services Agreement (Phillips 66 Partners Lp), Terminal Services Agreement (Phillips 66 Partners Lp)

Negative Inventory. Company Customer shall not withdraw from any the Terminal a greater volume of any Commodity Product than it has in inventory at that the Terminal on the Day date of withdrawal.

Appears in 2 contracts

Samples: Master Terminal Services Agreement (Valero Energy Partners Lp), Master Terminal Services Agreement (Valero Energy Partners Lp)

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Negative Inventory. Company Customer shall not withdraw from any the Terminal a greater volume of any Commodity Product than it has in inventory at that the Terminal on the Day date of withdrawal. Article VIII.

Appears in 1 contract

Samples: Master Terminal Services Agreement

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