Termination of Exchange Agreements Sample Clauses

Termination of Exchange Agreements. Each of the following delivery points is an exchange terminal at which petroleum products are made available to Chevron pursuant to a product exchange agreement between Chevron and a third party: AUSTIN TX TRM FLINT HILLS RES BROWNSVILLE TX TRM CITGO CORPUS CHRISTI TX TRM FLNT HIL HARLINGEN TX TRM VALERO HEARNE TX TRM EXXONMOBIL LAREDO TX TRM VALERO SAN ANTONIO TX TRM FLINT HILL VICTORIA TX TRM CITGO PASADENA TX TRM XXXXXX XXXXXX CADDO XXXXX TX TRM XXXXXX CENTER TX TRM EXXONMOBIL SAN ANTONIO TX TRM CITGO ODESSA TX TRM MAGELLAN SAN ANGELO TX TRM PRIDE ABERNATHY TX TRM VALERO BEAUMONT TX TRM EXXONMOBIL 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 Chevron may do so in its absolute discretion), Chevron may terminate its obligations under section 4 of this agreement to deliver petroleum products to Marketer at the applicable delivery point upon giving Marketer ninety (90) days’ prior written notice of such termination or, if it would not be reasonable for Chevron to give ninety (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 hereto, Chevron’s maximum sales obligation under section 3 of this agreement for each product previously delivered to Marketer at that delivery point shall be reduced by the maximum percentage of Chevron’s maximum sales obligation for each such product available to Marketer at that delivery point as set forth in section 4 of this agreement.
AutoNDA by SimpleDocs
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: ABERNATHY TX TRM VALERO AUSTIN TX TRM FLINT HILLS RES BROWNSVILLE TX TRM CITGO CADDO XXXXX TX TRM XXXXXX CENTER TX TRM SUNOCO CORPUS CHRISTI TX TRM FLNT HIL HARLINGEN TX TRM VALERO HEARNE TX TRM SUNOCO LAKE CHARLES LA TRM CITCO LAREDO TX TRM VALERO ODESSA TX TRM MAGELLAN SAN ANGELO TX TRM PRIDE SAN ANTONIO TX TRM CITGO SAN ANTONIO TX TRM FLINT HILL VICTORIA TX TRM CITGO PASADENA TX TRM XXXXXX XXXXXX EL PASO TX TRM WESTERN REF BEAUMONT TX TRM SUNOCO HOUSTON TX TRM TEPPCO

Related to Termination of Exchange Agreements

  • Termination of Exchange Fund Any portion of the Exchange Fund that remains undistributed to the holders of Company Common Stock for six months after the Effective Time shall be delivered to Parent, upon demand, and any holder of Company Common Stock who has not theretofore complied with this Article II shall thereafter look only to Parent for payment of its claim for Merger Consideration.

  • Plan of Exchange Section 3.01

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Merger Agreement Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Termination of Exchange Fund; No Liability At any time following twelve (12) months after the Effective Time, Parent shall be entitled to require the Exchange Agent to deliver to it any funds (including any interest received with respect thereto) remaining in the Exchange Fund that have not been disbursed, or for which disbursement is pending subject only to the Exchange Agent’s routine administrative procedures, to holders of Certificates or Book-Entry Shares, and thereafter such holders shall be entitled to look only to Parent (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the Merger Consideration, including any amount payable in respect of Fractional Share Consideration in accordance with Section 2.5, and any dividends or other distributions on Parent Shares in accordance with Section 2.2(f), payable upon due surrender of their Certificates or Book-Entry Shares and compliance with the procedures in Section 2.2(b), without any interest thereon. Notwithstanding the foregoing, none of the Surviving Corporation, Parent or the Exchange Agent shall be liable to any holder of a Certificate or Book-Entry Share for any Merger Consideration or other amounts delivered to a public official pursuant to any applicable abandoned property, escheat or similar Law.

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Termination of Exclusivity Section 9.1 (Exclusivity in Michigan) of this Agreement shall terminate upon any termination of the Agreements, notwithstanding any breach of the Agreements by the Band.

  • Termination of the Merger Agreement Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Effective Time, this Agreement and all rights and obligations of the Parties hereunder shall automatically terminate and be of no further force or effect.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

Time is Money Join Law Insider Premium to draft better contracts faster.