Examples of Group 2 Assets in a sentence
At the end of the first four (4) Contract Quarters following the Closing Date for the Group 2 Assets, HEP Storage-Tulsa shall calculate its aggregate operating expenses incurred in the operation of the Group 2 Assets (but such calculation shall not include extraordinary and non-recurring items of expense that are not reasonably expected to recur in future periods during the Term).
Such Group 2 Assets OPEX Recovery Amount shall be added to the then-current Group 2 Assets Assumed OPEX, and the Parties shall execute an amended, modified, revised or updated Schedule VII reflecting the addition of such Group 2 Assets OPEX Recovery Amount to the Group 2 Assets Assumed OPEX.
In the event that the PPI increase for any given year is greater than seven percent (7%), then, in addition to any other applicable increases during such year, HEP Storage-Tulsa shall increase the Group 2 Tankage Base Tariff by an additional amount necessary to increase the Minimum Group 2 Tankage Revenue Commitment by the Group 2 Assets OPEX Recovery Amount.
In the event any of the conditions to the obligations of the Purchaser set forth in Section 2.08(a) and 2.08(b) of this Agreement have not been satisfied or waived on or prior to January 1, 2013 with respect to the Group 2 Assets, Group 4 Assets or Group 7 Assets, and as a result such Closing has not occurred on or prior to such date, the Purchaser may, upon written notice to the Seller, terminate this Agreement with respect to any such Asset Group in all respects.
With respect to any Crude Oil or Products that are transported, stored or handled in connection with any of the Group 1 Assets or the Group 2 Assets or the Interconnecting Pipelines, Xxxxx Tulsa agrees that it will continue acting in the capacity of the shipper of any such Crude Oil or Products for its own account at all times that such Crude Oil or Products are being transported, stored or handled in such Group 1 Assets or Group 2 Assets or Interconnecting Pipelines, as the case may be.
Pursuant to a Conveyance, Assignment and Xxxx of Sale of even date herewith, Lessor has granted, sold, conveyed, assigned, transferred, set over, and vested in HEP Storage-Tulsa the Group 2 Assets.
In the event any of the conditions to the obligations of the Seller set forth in Section 2.09(a) and 2.09(b) of this Agreement have not been satisfied or waived on or prior to January 1, 2013 with respect to the Group 2 Assets, Group 4 Assets or Group 7 Assets, and as a result such Closing has not occurred on or prior to such date, the Seller may, upon written notice to the Purchaser, terminate this Agreement with respect to any such Asset Group in all respects.
With respect to any Crude Oil or Products that are transported, stored or handled in connection with any of the Group 1 Assets or the Group 2 Assets, Xxxxx Tulsa agrees that it will continue acting in the capacity of the shipper of any such Crude Oil or Products for its own account at all times that such Crude Oil or Products are being transported, stored or handled in such Group 1 Assets or Group 2 Assets, as the case may be.
Payment Date* Series A Notes and Series BNotes— Group 1 Assets Series A Notes and Series BNotes— Group 2 Assets Series A Notes and Series B Notes— Group 3 Asset MSN [**] Series A Notes and Series B Notes— Group 3 Asset MSN [**] Series A Notes and Series B Notes— Group 3 Asset MSN [**] Series C Notes—All Assets 3/15/2035 .
If the remaining principal balance of the Group 2 Assets, after giving effect to theirSupportNSJ/ B reduction on that Payment Date, is less than the Group 2 2S1% PSA ScheduledD Asset Balance, then to ZK and H, in that order, until retiredANSJ/TAC B 3.