Volume of Macquarie Procured Crude Oil Sample Clauses

Volume of Macquarie Procured Crude Oil. On and after the Commencement Date through the end of the Term, Macquarie (in accordance with the terms and conditions set forth therein) may enter into Macquarie Crude Procurement Contracts, and purchase from Permitted Suppliers on industry customary terms and conditions otherwise reasonably satisfactory to Macquarie and Fuels or LW, monthly deliveries of Crude Oil of, in the aggregate, up to sixty thousand (60,000) Barrels per day or such lesser amount as Fuels or LW may request or direct in accordance with the terms hereto and subject to (a) the availability of Crude Oil in accordance with the terms hereof from acceptable suppliers (as contemplated in Section 5.2(d) hereof), including Permitted Suppliers under Macquarie Crude Procurement Contracts, (b) the absence of any continuing Event of Default, (c) Fuels or LW’s maintenance of the Base Agreements and Required Storage and Transportation Arrangements, if any, and compliance with the terms and conditions hereof, and (d) the provision of additional credit support by Fuels or LW in the form of a letter of credit, cash collateral or such other form, in each case, as specified and required in the definition of “Independent Amount”. For purposes of the foregoing, sales of Crude Oil by Affiliates of Macquarie to Fuels or LW, whether or not under this Agreement, shall be included in the calculation of such total monthly deliveries.
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