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Common use of Restricted Use of Tanks Clause in Contracts

Restricted Use of Tanks. If at any time during the term of this Agreement Seller’s use of any storage tanks comprising the Storage Facilities is materially restrained or enjoined by judicial process, terminated by municipal or other Governmental Authority or by right of eminent domain, Buyer and Seller shall cooperate to dispose of any Oil or Feedstock related to such storage tanks. To the extent Buyer is not able to timely use such Oil or Feedstock, Seller shall use commercially reasonable efforts to sell such Oil or Feedstock to third parties, and the terms of Clause 9(e) shall apply to such resold Oil or Feedstock.

Appears in 3 contracts

Samples: Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.), Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.), Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.)

Restricted Use of Tanks. If at any time during the term of this Agreement Seller’s use of any storage tanks comprising the Storage Facilities is materially restrained or enjoined by judicial process, terminated by municipal or other Governmental Authority or by right of eminent domain, Buyer and Seller shall cooperate to dispose of any Oil or Feedstock related to such storage tanks. To the extent Buyer is not able to timely use such Oil or FeedstockOil, Seller shall use commercially reasonable efforts to sell such Oil or Feedstock to third parties, and the terms of Clause 9(e) shall apply to such resold Oil or FeedstockOil.

Appears in 3 contracts

Samples: Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.), Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.), Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.)