High Plains System definition

High Plains System has the meaning set forth in the Recitals.
View Source
High Plains System has the meaning set forth in the Recitals. “Initial Term” has the meaning set forth in Section 3. “Mandan Refinery” means the petroleum refinery owned by TRMC and located in Mandan, North Dakota. “Maximum Volume” means an average of 50,000 bpd per month. “Minimum Volume Commitment” means from and after the Effective Date, a Monthly average of 20,000 bpd for the Term of this Agreement. “Month” or “Monthly” means or references a calendar month. “Notice Period” has the meaning set forth in Section 16(a). “Partnership Change of Control” means Tesoro Corporation ceasing to possess, directly or indirectly, the power to direct or cause the direction of the management and policies of the General Partner, whether through ownership of voting securities, by contract, or otherwise. “Party” or “Parties” has the meaning set forth in the Preamble. “Person” means any individual, partnership, limited partnership, joint venture, corporation, limited liability company, limited liability partnership, trust, unincorporated organization or Governmental Authority or any department or agency thereof. “Receiving Party Personnel” has the meaning set forth in Section 21(d). “Quarter” shall mean a calendar quarter. “Quarterly Shortfall Payment” has the meaning set forth in Section 6(b). “Quarterly Volume Shortfall” has the meaning set forth in Section 6(b). “Shortfall Rate” shall be an amount stated in a Trucking Service Order, as set forth in Section 6(b). “Suspension Notice” has the meaning set forth in Section 16(a). “Tank Usage Rate” has the meaning set forth in Section 5(a). 3 of 24 “Term” has the meaning set forth in Section 3. “THPP” has the meaning set forth in the Recitals. “TLO” has the meaning set forth in the Preamble. “TRMC” has the meaning set forth in the Preamble. “Truck Gathering Services” means the collection, loading, gathering transportation and delivery and of crude petroleum from origins at wellheads, fields, tank batteries, truck dispatch racks or similar collection points to unloading facilities of pipelines, rail car loading facilities, storage terminals, refineries or similar receipt points, including ancillary scheduling, dispatching and accounting/data services related to such crude petroleum deliveries, including, but not limited to, any services set forth in a Trucking Service Order. “Trucking Rate” has the meaning set forth in Section 5(b). “Trucking Service Order” has the meaning set forth in Section 5(a). “Truck Unloading Facilities” shall mean TLO’s ...
View Source

Examples of High Plains System in a sentence

  • TRMC agrees to pay TLO a tank usage fee of $0.1445 per Barrel for all Barrels unloaded from trucks into TLO’s proprietary tanks located adjacent to injection points along the High Plains System (as adjusted herein, the “Tank Usage Rate”).

  • In consideration of TRMC’s Minimum Volume Commitment and the fees and charges specified in Section 5, pursuant to this Agreement and any Trucking Service Order, TLO shall provide the Truck Gathering Services and the use of TLO’s Truck Unloading Facilities at the sites listed in Schedule I to allow deliveries of TRMC’s crude petroleum into the High Plains System.

  • If TLO constructs or adds (by purchase or otherwise) additional truck unloading facilities adjacent to the High Plains System, then TLO shall supplement, modify or otherwise update Schedule I attached hereto, specifying such new truck unloading facility, provide an updated Schedule I to TRMC as soon as reasonably practicable, but in any event before TLO brings such truck unloading facility into operation.

  • In consideration of TRMC’s Minimum Volume Commitment and the fees and charges specified in Section 5, the services provided by TLO pursuant to this Agreement shall only include the gathering, scheduling, loading, transporting, and delivering of crude petroleum to TLO’s truck unloading facilities for movement into the High Plains System and other destinations upon mutual agreement as provided herein, as well as accounting and data services with respect to the foregoing.

  • All Point(s) of Receipt and Delivery included on Transporter's master list of High Plains System Point(s) of Receipt and Delivery as posted on its electronic bulletin board.

  • In consideration of TRMC’s Minimum Volume Commitment and the fees and charges specified in Section 5, pursuant to this Agreement and any Purchase Order, TLO shall provide the Truck Gathering Services and the use of TLO’s Truck Unloading Facilities at the sites listed in Schedule I to allow deliveries of TRMC’s crude petroleum into the High Plains System.

  • In consideration of TRMC's Minimum Volume Commitment and the fees and charges specified in Section 5, pursuant to this Agreement TLO shall provide the Truck Gathering Services and the use of TLO's Truck Unloading Facilities at the sites listed in Schedule I to allow deliveries of TRMC's crude petroleum into the High Plains System.

  • Transporter's master list of High Plains System Point(s) of Receipt and Delivery shall be updated from time to time in order to add or delete High Plains System Point(s) of Receipt or Delivery and in order to modify data pertinent to High Plains System Point(s) of Receipt and Delivery, all as deemed appropriate by Transporter.

  • Notwithstanding the above, TLO may provide additional truck unloading facilities for the use of third parties who desire to deliver crude oil into the High Plains System, provided that such use does not allow the commingling of third party crude oil with TRMC's crude oil in the Truck Unloading Facilities or otherwise interfere with TRMC's rights to use the existing Truck Unloading Facilities and the Truck Gathering Services.

  • For each High Plains System Point of Receipt and Delivery, data posted shall include a description of the legal location, pressure information, the identity of the interconnected Party and the measuring Party, and such other data as Transporter may include from time to time.