Delek Logistics definition
Examples of Delek Logistics in a sentence
Executive acknowledges that he may be granted awards under Plans that are not subject to the control of the Board (or any applicable committee thereof) including, without limitation, pursuant to the Delek Logistics GP, LLC 2012 Long-Term Incentive Plan.
Executive shall be eligible to participate in the Company’s long-term incentive plans that may be in effect from time to time for the Company and its subsidiaries including, without limitation, the Company’s 2006 Long-Term Incentive Plan and the Delek Logistics GP, LLC 2012 Long-Term Incentive Plan (collectively the “Plans”), on terms commensurate with his position and duties, as determined by the Board or any other authorized administrator of a Plan (the “Plan Administrator”) in their sole discretion.
Lion, as the supplier of the SUMF Items, is acting solely as an independent contractor and is not an agent of Delek Logistics.
The provision of the SUMF Items hereunder shall be under the sole supervision, control and direction of Lion and not Delek Logistics.
Except for any capital improvement project proposed by Delek Logistics under Article 6 or undertaken by Delek Logistics under Article 5, Lion shall be responsible for all costs and expenses of any capital improvements to, or acquisitions of additional, SUMF Assets.
The respective businesses and operations of Lion and Delek Logistics will be managed and conducted by them, as independent companies, and each may act and conduct its business and operations independently wherever possible.
Notwithstanding the foregoing, if an emergency exists, Delek Logistics may take reasonable steps to protect its property, and make the repairs and replacements and perform the maintenance for and on behalf of Lion without notice to Lion.
Further, Lion and Delek Logistics recognize their mutual responsibility to support the capability of each other to continue to conduct their respective businesses and operations for routine and non-routine activities (including, but not limited to, start-ups, shut downs, turnarounds, emergencies and other infrequent events).
Notwithstanding anything to the contrary herein, in the event that (i) Delek Logistics uses the Relevant Assets to provide services to third parties, (ii) Delek Logistics’ provision of such third-party services results in a material increase of any SUMF Item required by Delek Logistics, and (iii) provision of such SUMF Items is available to Delek Logistics from third-party vendors on commercially reasonable terms, then Lion may decline to provide such increased and additional SUMF Item.
Consequently and also for the ease of administration, Lion shall maintain in its name the air quality and other environmental permits and other authorizations applicable to all, or part of, the Relevant Assets and Additional Improvements and shall be responsible for making any reports or other notifications to Governmental Authorities pursuant to such permits or Applicable Laws; provided that upon Lion’s written request Delek Logistics shall apply for, obtain and maintain any such permits in its name.