Target Month End Crude Volume Sample Clauses

Target Month End Crude Volume. (a) By no later than the fifth (5th) Business Day of the month preceding each Delivery Month, the Company shall notify Xxxx of the aggregate quantity of Crude Oil that the Company expects to run at the Refinery during such Delivery Month (the “Projected Monthly Run Volume”). (b) For each month of the Term, the Company shall from time to time (but subject to any applicable notification deadlines specified on Schedule D hereto) specify the “Target Month End Crude Volume” which shall equal (i) the Target Month End Crude Volume for the immediately preceding month, plus (ii) the aggregate volume of Crude Oil that Xxxx has nominated under the Xxxx Procurement Contracts for delivery during that month pursuant to Section 5.4(b), plus (iii) the aggregate volume of the Other Barrels expected to be delivered during such month, minus (iv) the Projected Monthly Run Volume for that month (except that the Target Month End Crude Volume as of the Commencement Date and as of the end of the first month of the Term shall be the respective volumes specified as such on Schedule I hereto).
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Target Month End Crude Volume. (a) By no later than two (2) Business Days prior to the earliest Contract Cutoff Date occurring in each Nomination Month, the Company shall notify Xxxx of the aggregate quantity of Crude Oil that the Company expects to run at the Refinery during the subject Delivery Month (the “Projected Monthly Run Volume”). (b) By no later than the last Business Day of each Nomination Month, Xxxx shall notify the Company of the quantity of Crude Oil that Xxxx is designating as the “Target Month End Crude Volume” for the Delivery Month related to that Nomination Month; provided that such Target Month End Crude Volume shall not exceed the Maximum Volume or be less than the Baseline Volume for Crude Oil indicated on Schedule D, subject to Section 7.2(c) below. (c) During the first two months of deliveries of Crude Oil made pursuant to the Original Agreement, Aron’s Target Month End Crude Volume and Target Month End Product Volume were the amounts specified on Schedule I to the Original Agreement. (d) If, for any month, the Actual Month End Crude Volume exceeds the Maximum Volume or the Actual Month End Crude Volume is less than the Baseline Volume, then Xxxx may change the Target Month End Crude Volume for such month as follows: (i) If the Actual Month End Crude Volume is above the Target Month End Crude Volume, then Xxxx may increase the Target Month End Crude Volume for such Delivery Month to equal the Actual Month End Crude Volume or (ii) if the Target Month End Crude Volume is above the Actual Month End Crude Volume, then Xxxx may reduce the Target Month End Crude Volume for such Delivery Month to equal the Actual Month End Crude Volume. Xxxx must notify the Company of its intent to make this change within four (4) Business Days after the end of such Delivery Month. The Company may dispute this change within one (1) Business Day after receiving such notification from Xxxx. In all cases described above, the changed Target Month End Crude Volume affects only the subject month and does not impact the calculation of the Target Month End Crude Volume in subsequent months. (ii) In addition, Xxxx may adjust the Target Month End Crude Volume with the consent of the Company. In all cases described above, the changed Target Month End Crude Volume affects only the subject month and does not impact the calculation of the Target Month End Crude Volume in subsequent months pursuant to Section 7.2(b).
Sample 1
Target Month End Crude Volume. By no later than two (2) Business Days prior to the earliest Contract Cutoff Date occurring in each Nomination Month, the Company shall notify Xxxx of the aggregate quantity of Crude Oil that the Company expects to run at the Refinery during the subject Delivery Month (the “Projected Monthly Run Volume”).
Sample 1
Target Month End Crude Volume 
Sample 1

Related to Target Month End Crude Volume

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