TH STARTING VOLUME Sample Clauses

TH STARTING VOLUME. (a) Each storage tank in the Storage Facilities has a tank heel capacity designated on the table in Attachment II to Appendix 4 for such storage tank (for each storage tank, the “Tank Heel Capacity”). Each storage tank used to store Feedstock additionally has a designated Feedstock Virtual Tank Heel (for each storage tank, the “Virtual Tank Heel Capacity,” and together with the Tank Heel Capacity, the “Aggregate Heel Capacity”). (b) The TH Starting Volume for each storage tank shall be equal to the Aggregate Heel Capacity of such storage tank. The TH Starting Volume shall consist of the Initial Inventory in such storage tank, if any, and, for each storage tank which as of the Effective Date contains a volume of Initial Inventory that is less than the Aggregate Heel Capacity (it is anticipated that each storage tank contains a volume of Initial Inventory that is less than the Aggregate Heel Capacity of such storage tank), the volume of Oil or Feedstock which is subsequently Supplied to such storage tank to bring the total amount of Oil or Feedstock in such storage tank up to the Aggregate Heel Capacity of such storage tank. For each storage tank which contains Initial Inventory that is less than the Aggregate Heel Capacity, the Aggregate Heel Capacity of such storage tank minus the Initial Inventory in such storage tank shall be designated as the “Heel Fill Volume.”
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Related to TH STARTING VOLUME

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