Examples of Asphalt Terminals in a sentence
The proceeds of the Loans shall be used to pay certain fees and expenses incurred in connection with this Agreement, working capital, Permitted Acquisitions, permitted Investments, dividends and distributions permitted hereunder, the construction of the Specified Liquid Asphalt Terminals contemplated hereunder and other general corporate purposes.
The aggregate of these fees on a monthly basis for all Asphalt Terminals shall be referred to as the “Minimum Asphalt Throughput Fee.” From time to time upon agreement of the Parties and to the extent there is available capacity at any given Asphalt Terminal, WNR may utilize Asphalt throughput capacity in excess of the Minimum Asphalt Throughput Commitment and, in such circumstances, WRT shall prioritize WNR’s utilization of such throughput capacity over third-party customers.
The limited liability company interests of Asphalt Terminals LLC that are issued and outstanding and held by WRS as of the date of this Agreement constitute all of the ATL Units, and other than the ATL Units, there are no outstanding equity securities or other securities of Asphalt Terminals LLC.
Asphalt Terminals LLC is duly qualified to do business as a foreign limited liability company and in good standing under the laws of the States of each state or other jurisdiction in which either the ownership or use of the properties owned by it, or the nature of the activities conducted by it, requires such qualification.
WRT shall provide asphalt throughput services and WNR shall pay the per barrel fees set forth on Schedule 5.2 for the asphalt volumes throughput at the Asphalt Terminals for the Minimum Asphalt Throughput Commitment.
WRT shall provide asphalt storage services and WNR shall pay a monthly fee set forth on Schedule 5.2 to reserve, on a firm basis, the Minimum Asphalt Storage Commitment at the Asphalt Terminals.
Asphalt Terminals LLC is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware, with full limited liability company power and authority to conduct its business as it is now being conducted, to own or use the properties and assets that it purports to own or use, and to perform all of its obligations under each of its contracts.
There are no contracts relating to the issuance, sale or transfer of any equity securities or other securities of Asphalt Terminals LLC.
For the avoidance of doubt, these are monthly system-wide fee commitments for all Asphalt Terminals.
Any such excess Asphalt Processing and Blending Services shall be at the per barrel fees set forth on Schedule 5.2. In addition, WNR shall reimburse WRT for the costs (including shipping, delivery and other ancillary costs) of all additives WRT injects or blends into volumes tendered by or on behalf of WNR at the Asphalt Terminals.