Common use of Termination by Operator Clause in Contracts

Termination by Operator. Operator shall have the right to terminate this Agreement or any Services provided hereunder: (i) immediately upon the Bankruptcy of Company or (ii) on six (6) Months prior Notice upon the occurrence of a Partnership Change of Control. Notwithstanding the foregoing, if Xxxxxxxx 66 Partners LP ceases to Control, directly or indirectly, either Carrier or Holdings, as the case may be, then Operator shall have the right to terminate this Agreement with respect to any Services provided to Carrier or Holdings, as applicable.

Appears in 3 contracts

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

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Termination by Operator. Operator shall have the right to terminate this Agreement or any Services provided hereunder: (ia) immediately upon the Bankruptcy of Company or (iib) on six (6) Months prior Notice upon the occurrence of a Partnership Change of Control. Notwithstanding the foregoing, if Xxxxxxxx 66 Partners LP ceases to Control, directly or indirectly, either Carrier or Holdings, as the case may be, then Operator shall have the right to terminate this Agreement with respect to any Services provided to Carrier or Holdings, as applicable.

Appears in 2 contracts

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

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