Title, Risk of Loss and Custody. (a) Title to and risk of loss of the Crude Oil shall pass from Xxxx to the Company at the Crude Delivery Point. The Company shall assume custody of the Crude Oil as it passes the Crude Delivery Point.
Appears in 9 contracts
Samples: Supply and Offtake Agreement (Delek US Holdings, Inc.), Supply and Offtake Agreement (Delek US Holdings, Inc.), Supply and Offtake Agreement (Alon USA Energy, Inc.)
Title, Risk of Loss and Custody. (a) Title to and risk of loss of the Crude Oil shall pass from the Company to Xxxx at the Crude Intake Point. Xxxx shall retain title to and risk of loss of such Crude Oil during the time such Crude Oil is held in any Included Locations. Title to and risk of loss of the Crude Oil shall pass from Xxxx to the Company at the Crude Delivery Point. The Company shall assume custody of the Crude Oil as it passes the Crude Delivery Point.
Appears in 2 contracts
Samples: Supply and Offtake Agreement (Par Pacific Holdings, Inc.), Supply and Offtake Agreement (Par Pacific Holdings, Inc.)
Title, Risk of Loss and Custody. (a) Title to and risk of loss of the Crude Oil shall pass from the Company to Xxxx at the Crude Intake Point. Xxxx shall retain title to and risk of loss of such Crude Oil during the time such Crude Oil is held in any Storage Facilities. Title to and risk of loss of the Crude Oil shall pass from Xxxx to the Company at the Crude Delivery Point. The Company shall assume custody of the Crude Oil as it passes the Crude Delivery Point.
Appears in 2 contracts
Samples: Supply and Offtake Agreement (Par Pacific Holdings, Inc.), Supply and Offtake Agreement (Par Petroleum Corp/Co)
Title, Risk of Loss and Custody. (a) Title to and risk of loss of the Crude Oil held in the Crude Storage Tanks shall pass from Xxxx to the Company at the Crude Delivery Point. The Company shall assume custody of the Crude Oil as it passes the Crude Delivery Point; provided that prior to such delivery the Company shall have custody of such Crude Oil in accordance with Section 5.6(b) below.
Appears in 2 contracts
Samples: Master Supply and Offtake Agreement (Delek US Holdings, Inc.), Master Supply and Offtake Agreement (Delek US Holdings, Inc.)
Title, Risk of Loss and Custody. (a) Title to and risk of loss of the Crude Oil shall pass from Xxxx Axxx to the Company at the Crude Delivery Point. The Company shall assume custody of the Crude Oil as it passes the Crude Delivery Point.
Appears in 1 contract
Samples: Supply and Offtake Agreement (Alon USA Energy, Inc.)
