Common use of TRMC Assignment to Third Party Clause in Contracts

TRMC Assignment to Third Party. TRMC shall not assign any of its rights or obligations under this Agreement without TLO’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that TRMC may assign this Agreement without TLO’s consent in connection with a sale by TRMC of the Refinery so long as the transferee: (i) agrees to assume all of TRMC’s obligations under this Agreement and (ii) is financially and operationally capable of fulfilling the terms of this Agreement, which determination shall be made by TRMC in its reasonable judgment.

Appears in 8 contracts

Samples: Storage Services Agreement (Tesoro Corp /New/), Storage Services Agreement (Tesoro Logistics Lp), Storage Services Agreement (Tesoro Corp /New/)

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TRMC Assignment to Third Party. TRMC shall not assign any all of its rights obligations hereunder or obligations under this Agreement a Terminal Service Order without TLO’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, ; that TRMC may assign this Agreement Agreement, without TLO’s consent consent, in connection with a sale by TRMC of the a Refinery associated with one of TLO’s Terminals so long as the transferee: (i) agrees to assume all of TRMC’s obligations under this Agreement with respect to the associated Terminal(s); and (ii) is financially and operationally capable of fulfilling the terms of this Agreement, which determination shall be made by TRMC in its reasonable judgment.

Appears in 4 contracts

Samples: Master Terminalling Services Agreement (Tesoro Logistics Lp), Master Terminalling Services Agreement (Tesoro Corp /New/), Master Terminalling Services Agreement (Tesoro Corp /New/)

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TRMC Assignment to Third Party. TRMC shall not assign any all of its rights obligations hereunder or obligations under this Agreement a Coke Handling Service Order without TLO’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that TRMC may assign this Agreement Agreement, without TLO’s consent consent, in connection with a sale by TRMC of the Refinery so long as the transferee: (i) agrees to assume all of TRMC’s obligations under this Agreement Agreement; and (ii) is financially and operationally capable of fulfilling the terms of this Agreement, which determination shall be made by TRMC in its reasonable judgment.

Appears in 1 contract

Samples: Handling Services Agreement (Tesoro Logistics Lp)

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