Special Termination by Company. If Company determines to completely suspend refinery operations at the Sweeny Refinery for a period of at least 12 consecutive Months, then after Company has made a public announcement of such suspension, Company may provide written Notice to Carrier of its intent to terminate this Agreement and this Agreement will terminate 12 Months following the date such Notice is received by Carrier. In the event Company publicly announces, prior to the expiration of such 12-month period, its intent to resume operations at the Xxxxxxx Refinery, then such Notice shall be deemed revoked and this Agreement shall continue in full force and effect as if such Notice had never been delivered.
Appears in 2 contracts
Samples: Transportation Services Agreement (Phillips 66 Partners Lp), Transportation Services Agreement (Phillips 66 Partners Lp)
Special Termination by Company. If Company determines to completely suspend refinery operations at the Sweeny Lake Xxxxxxx Refinery for a period of at least 12 consecutive Months, then after Company has made a public announcement of such suspension, Company may provide written Notice to Carrier of its intent to terminate this Agreement and this Agreement will terminate 12 Months following the date such Notice is received by Carrier. In the event Company publicly announces, prior to the expiration of such 12-month Month period, its intent to resume operations at the Lake Xxxxxxx Refinery, then such Notice shall be deemed revoked and this Agreement shall continue in full force and effect as if such Notice had never been delivered.
Appears in 2 contracts
Samples: Transportation Services Agreement (Phillips 66 Partners Lp), Transportation Services Agreement (Phillips 66 Partners Lp)