Common use of Provision of the FPS System Clause in Contracts

Provision of the FPS System. For the purposes of this Agreement, INEOS shall provide, maintain, repair and operate throughout the duration of this Agreement those parts of the FPS System necessary to fulfil its obligations as set out in this Agreement. However, if at any time and for any reason INEOS is unable to fulfil any of those obligations and in order to resume its performance thereof it would have to rebuild, repair, re-configure, rectify or reinstate any part of the FPS System, it shall be under no obligation to rebuild, repair, re-configure, rectify or reinstate such part or to resume such performance if to do so would, in the reasonable opinion of INEOS, be uneconomic to INEOS.

Appears in 3 contracts

Samples: Transportation and Processing Agreement, Transportation and Processing Agreement, Transportation and Logistics Agreement

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Provision of the FPS System. β€Œ For the purposes of this Agreement, INEOS shall provide, maintain, repair and operate throughout the duration of this Agreement those parts of the FPS System necessary to fulfil its obligations as set out in this Agreement. However, if at any time and for any reason INEOS is unable to fulfil any of those obligations and in order to resume its performance thereof it would have to rebuild, repair, re-configure, rectify or reinstate any part of the FPS System, it shall be under no obligation to rebuild, repair, re-configure, rectify or reinstate such part or to resume such performance if to do so would, in the reasonable opinion of INEOS, be uneconomic to INEOS.

Appears in 1 contract

Samples: Transportation and Processing Agreement

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