Examples of Ancillary Equipment Site in a sentence
Consideration for operations services provided by Clark R&M to the Coker Company related to the Ancillary Equipment and the Ancillary Equipment Site is provided for in the Ancillary Equipment Operating Fee.
The parties agree that consideration for the processing rights granted Xxxxx R&M under this Section 3.5(a) has been given to the Xxxxx Company in the form of a reduction in the rent payable that would otherwise be payable pursuant to Section 13.1(a)(i) of the Ancillary Equipment Site Lease.
At the expiration of the Ancillary Equipment Site Lease Term the Ancillary Equipment Easement granted and conveyed herein shall wholly terminate and revert to the Lessor.
Captions and headings in this Ancillary Equipment Site Lease are for reference only and do not constitute a part of the substance of this Ancillary Equipment Site Lease.
If Lessee gives written notice to Lessor as aforesaid exercising its option for an Ancillary Equipment Site Renewal Term, then Lessor and Lessee shall immediately begin the determination of Fair Market Rental Value described in Section 13.
The term of this Ancillary Equipment Leasehold (the "Ancillary Equipment Site Lease Term") shall commence on the date hereof and, unless this Ancillary Equipment Site Lease is sooner terminated pursuant to the provisions hereof, the Ancillary Equipment Site Lease Term shall end on the last day of the Ancillary Equipment Site Initial Term or, if this Ancillary Equipment Site Lease is renewed pursuant to Section 20.2 hereof, on the last day of the last Ancillary Equipment Site Renewal Term.
At the end of the Ancillary Equipment Site Lease Term Lessee shall surrender the Ancillary Equipment to Lessor in good order, subject to depreciation, ordinary wear and tear and casualty loss, and lessee shall have no right or option to remove all or any portion of the Ancillary Equipment upon expiration or termination of the Ancillary Equipment Site Lease Term.
The rights and obligations of the parties to the Ancillary Equipment Site Lease shall be binding upon, and shall inure to the benefit of, the respective permitted successors and assigns of the parties (but without affecting any restrictions on assignment and subletting set forth in the Ancillary Equipment Site Lease).
So long as the Services and Supply Agreement is in effect, such performance with respect to compliance with laws applicable to the Ancillary Equipment Site and the Ancillary Equipment as may be rendered thereunder by the Lessor shall be deemed to fulfill Lessee's obligations under this Section.
During the Ancillary Equipment Site Lease Term, the Lessor and its authorized representatives may, at their own expense, at reasonable times and by appointment on reasonable notice, inspect the Ancillary Equipment Site and the Ancillary Equipment and any other property located on the Ancillary Equipment Site.