Common use of Unsecured Credit Line; Credit Limit Clause in Contracts

Unsecured Credit Line; Credit Limit. So long as CST Brands, Inc., Buyer’s ultimate publicly-traded parent company, delivers an executed Guaranty Agreement, in a form acceptable to VMSC prior to the Effective Date, Seller shall provide Buyer in connection with the purchase of Products under this Agreement, a line of credit, available to Buyer without the requirement of additional security, except as otherwise expressly provided in this Section, the amount of which is referred to herein as the “Unsecured Credit Line”. Prior to the earlier of: (i) May 1, 2014; and/or (ii) the date on which [*.*] (either of which is referred to as the “Credit Line Trigger Date”), the Unsecured Credit Line shall be at least for an amount equal to the amount required to [*.*] on the payment terms set forth in Section 9.1. After the Credit Line Trigger Date occurs, and at any time thereafter during the Term, Seller, in its sole discretion, may adjust the amount of the Unsecured Credit Line with effect immediately upon notice to Buyer. The Unsecured Credit Line, together with any additional credit granted to Buyer under this Section is referred to herein as the “Credit Limit.” Seller shall not be required to extend credit to Buyer for purchases under this Agreement in excess of the Credit Limit, and has the right to require pre-payment for purchases of Products under this Agreement in excess of the Credit Limit, or to require additional security therefor. If at any time the Credit Limit granted by Seller to Buyer is insufficient to cover the purchase of the volumes of Products on the Payment Terms specified by this Agreement, then Seller may shorten the number of days given to pay under Section 9.2 in order to ensure that the outstanding balance for purchases of Products is less than the Credit Limit.

Unsecured Credit Line; Credit Limit. So long as CST Brands, Inc., BuyerDistributor’s ultimate publicly-traded parent company, delivers an executed Guaranty Agreement, in a form acceptable to VMSC prior to the Effective Date, Seller VMSC shall provide Buyer Distributor in connection with the purchase of Products Motor Fuels under this Agreementthe Supply Agreements, a line of credit, available to Buyer Distributor without the requirement of additional security, except as otherwise expressly provided in this Section, the amount of which is referred to herein as the “Unsecured Credit Line”. Prior to the earlier of: (i) May 1, 2014; and/or (ii) the date on which [*.*] (either of which is referred to as the “Credit Line Trigger Date”), the Unsecured Credit Line shall be at least for an amount equal to the amount make all purchases of Motor Fuels required to supply [*.*] on the payment terms set forth in Section 9.15.5. After the Credit Line Trigger Date occurs, and at any time thereafter during the Term, SellerVMSC, in its sole discretion, may adjust the amount of the Valero/Corner Store Corner Store Unsecured Credit Line with effect immediately upon notice to BuyerDistributor. The Unsecured Credit Line, together with any additional credit granted to Buyer Distributor under this Section is referred to herein as the “Credit Limit.” Seller VMSC shall not be required to extend credit to Buyer Distributor for purchases under this Agreement the Supply Agreements in excess of the Credit Limit, and has the right to require pre-payment for purchases of Products Motor Fuels under this Agreement the Supply Agreements in excess of the Credit Limit, or to require additional security therefor, as provided in the relevant Supply Agreement. If at any time the Credit Limit granted by Seller VMSC to Buyer Distributor is insufficient to cover the purchase of the volumes of Products Motor Fuels on the Payment Terms payment terms specified by this Agreement, then Seller VMSC may shorten the number of days given to pay under Section 9.2 5.5 in order to ensure that the outstanding balance for purchases of Products Motor Fuels under the Supply Agreements is less than the Credit Limit.

Unsecured Credit Line; Credit Limit. So long as CST Brands, Inc., BuyerDistributor’s ultimate publicly-traded parent company, delivers an executed Guaranty Agreement, in a form acceptable to VMSC prior to the Effective Date, Seller VMSC shall provide Buyer Distributor in connection with the purchase of Products Motor Fuels under this Agreementthe Supply Agreements, a line of credit, available to Buyer Distributor without the requirement of additional security, except as otherwise expressly provided in this Section, the amount of which is referred to herein as the “Unsecured Credit Line”. Prior to the earlier of: (i) May 1[•], 2014; and/or (ii) the date on which [*.*] (either of which is referred to as the “Credit Line Trigger Date”), the Unsecured Credit Line shall be at least for an amount equal to the amount make all purchases of Motor Fuels required to supply [*.*] on the payment terms set forth in Section 9.15.5. After the Credit Line Trigger Date occurs, and at any time thereafter during the Term, SellerVMSC, in its sole discretion, may adjust the amount of the Unsecured Credit Line with effect immediately upon notice to BuyerDistributor. The Unsecured Credit Line, together with any additional credit granted to Buyer Distributor under this Section is referred to herein as the “Credit Limit.” Seller VMSC shall not be required to extend credit to Buyer Distributor for purchases under this Agreement the Supply Agreements in excess of the Credit Limit, and has the right to require pre-payment for purchases of Products Motor Fuels under this Agreement the Supply Agreements in excess of the Credit Limit, or to require additional security therefor, as provided in the relevant Supply Agreement. If at any time the Credit Limit granted by Seller VMSC to Buyer Distributor is insufficient to cover the purchase of the volumes of Products Motor Fuels on the Payment Terms payment terms specified by this Agreement, then Seller VMSC may shorten the number of days given to pay under Section 9.2 5.5 in order to ensure that the outstanding balance for purchases of Products Motor Fuels under the Supply Agreements is less than the Credit Limit.

Unsecured Credit Line; Credit Limit. So long as CST Brands, Inc., Buyer’s ultimate publicly-traded parent company, delivers an executed Guaranty Agreement, in a form acceptable to VMSC prior to the Effective Date, Seller shall provide Buyer in connection with the purchase of Products under this Agreement, a line of credit, available to Buyer without the requirement of additional security, except as otherwise expressly provided in this Section, the amount of which is referred to herein as the “Unsecured Credit Line”. Prior to the earlier of: (i) May 1[•], 2014; and/or (ii) the date on which [*.*] (either of which is referred to as the “Credit Line Trigger Date”), the Unsecured Credit Line shall be at least for an amount equal to the amount required to [*.*] on the payment terms set forth in Section 9.1. After the Credit Line Trigger Date occurs, and at any time thereafter during the Term, Seller, in its sole discretion, may adjust the amount of the Unsecured Credit Line with effect immediately upon notice to Buyer. The Unsecured Credit Line, together with any additional credit granted to Buyer under this Section is referred to herein as the “Credit Limit.” Seller shall not be required to extend credit to Buyer for purchases under this Agreement in excess of the Credit Limit, and has the right to require pre-payment for purchases of Products under this Agreement in excess of the Credit Limit, or to require additional security therefor. If at any time the Credit Limit granted by Seller to Buyer is insufficient to cover the purchase of the volumes of Products on the Payment Terms specified by this Agreement, then Seller may shorten the number of days given to pay under Section 9.2 in order to ensure that the outstanding balance for purchases of Products is less than the Credit Limit.