Transfer of Custody. DCR shall maintain custody of all Products owned by Xxxx pursuant to the terms of this Agreement and shall be responsible for maintaining the insurance required of DCR pursuant to Section 15. DCR shall hold all Xxxx Inventory in the Included Locations solely as bailee. During the Term, neither DCR nor any of its Affiliates shall (and DCR shall not permit any of its Affiliates or any other person to) use any Xxxx Inventory for any purpose except as may be permitted by this Agreement. Solely in its capacity as bailee, DCR shall have custody of Xxxx Inventory from the time such Xxxx Inventory passes the inlet flange of the Tanks (including tanks at the Included Locations) until such time as such Xxxx Inventory passes the outlet flange of the Tanks (including tanks at the Included Locations).
Appears in 4 contracts
Samples: Inventory Intermediation Agreement (PBF Energy Co LLC), Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.)
