Termination of Exchange Agreements. Each of the following delivery points is an exchange terminal at which Products are made available to Chevron pursuant to a product exchange agreement between Chevron and a third party: Each such exchange agreement is terminable at any time by either party thereto without cause upon short notice – typically 30 to 60 days’ notice. If any such exchange agreement is terminated by either party thereto (and Chevron may do so in its absolute discretion), Chevron may terminate its obligations under sections 3 and 4 to deliver Products to Marketer at the applicable delivery point upon giving Marketer 90 days’ prior written notice of such termination or, if it would not be reasonable for Chevron to give 90 days’ prior written notice, at Chevron’s election upon giving Marketer prior notice of such lesser period as is reasonable in the circumstances. If Chevron’s obligations to make deliveries at a particular delivery point are terminated pursuant to this section 15(a), Chevron shall have no obligation to make up the resulting reduction in the quantity of Products which Chevron is obligated to supply to Marketer under section 3 nor shall Chevron have any obligation to supply additional quantities of Products to Marketer at any other delivery point, but Chevron may in its sole discretion elect to do so.
Termination of Exchange Agreements. Each of the following delivery points is an exchange terminal at which petroleum products are made available to ChevronTexaco pursuant to a product exchange agreement between ChevronTexaco and a third party: Austin Tx Trm Xxxx Brownsville Tx Trm Citgo Corpus Christi Tx Trm Xxxx Harlingen Tx Trm Valero Hearne Tx Trm Exxonmobil Victoria Tx Trm Citgo Houston Tx Trm Valero Refining Pasadena Tx Trm Xxxxxx Xxxxxx Each such exchange agreement is terminable at any time by either party thereto without cause upon short notice typically thirty (30) to sixty (60) days’ notice. If any such exchange agreement is terminated by either party thereto (and ChevronTexaco may do so in its absolute discretion), ChevronTexaco may terminate its obligations under section 4 of this agreement to deliver petroleum products to Jobber at the applicable delivery point upon giving Jobber ninety (90) days’ prior written notice of such termination or, if it would not be reasonable for ChevronTexaco to give ninety (90) days’ prior written notice, at ChevronTexaco’s election upon giving Jobber prior notice of such lesser period as is reasonable in the circumstances. If ChevronTexaco’s obligations to make deliveries at a particular delivery point are terminated pursuant hereto, ChevronTexaco’s maximum sales obligation under section 3 of this agreement for each product previously delivered to Jobber at that delivery point shall be reduced by the maximum percentage of ChevronTexaco’s maximum sales obligation for each such product available to Jobber at that delivery point as set forth in section 4 of this agreement.
Termination of Exchange Agreements. Each of the following delivery points is an exchange terminal at which Products are made available to Supplier pursuant to a product exchange agreement between Supplier and a third party: Each such exchange agreement is terminable at any time by either party thereto without cause upon short notice – typically 30 to 60 days’ notice. If any such exchange agreement Branded Motor Fuel Marketer Agreement -15- RS19600D (03/16/12) is terminated by either party thereto (and Supplier may do so in its absolute discretion), Supplier may terminate its obligations under section 3 (Product Quantities) and section 4 (Delivery) to deliver Products to Marketer at the applicable delivery point upon giving Marketer 90 days’ prior written notice of such termination or, if it would not be reasonable for Supplier to give 90 days’ prior written notice, at Supplier’s election upon giving Marketer prior notice of such lesser period as is reasonable in the circumstances. If Supplier’s obligations to make deliveries at a particular delivery point are terminated pursuant to this section 15.1, Supplier shall have no obligation to make up the resulting reduction in the quantity of Products which Supplier is obligated to supply to Marketer under section 3 nor shall Supplier have any obligation to supply additional quantities of Products to Marketer at any other delivery point, but Supplier may in its sole discretion elect to do so.
Termination of Exchange Agreements. Each of the following delivery points is an exchange terminal at which Products are made available to Chevron pursuant to a product exchange agreement between Chevron and a third party:
