Hxxxx Entities definition
Examples of Hxxxx Entities in a sentence
The Hxxxx Entities, the Partnership Entities and the arbitrators shall proceed diligently and in good faith in order that the award may be made as promptly as possible.
All fuel additives, anti-icers and DRA (collectively, “Additives”) added to the Crude Oil and Refined Product pursuant to this Section 2(g) will be provided by the Hxxxx Entities at no cost to the Partnership Entities or, if the Partnership Entities provide Additives, then the Hxxxx Entities agree to reimburse the Partnership Entities for the costs of the Additives.
To the extent that the Hxxxx Entities are entitled to an exception under Section 3 of this Agreement to their obligations under Section 2(a) of this Agreement, the corresponding obligations of the Partnership Entities under this Section 2(f) will be proportionately reduced.
All arbitrators must (i) be neutral parties who have never been officers, directors or employees of any of the Hxxxx Entities, the Partnership Entities or any of their Affiliates and (ii) have not less than seven (7) years experience in the energy industry.
All arbitrators must (i) be neutral parties who have never been officers, directors or employees of any of the Hxxxx Entities, the Partnership Entities or any of their affiliates and (ii) have not less than seven years experience in the petroleum transportation industry.
The Hxxxx Entities will reimburse the Partnership Entities for the New Mexico gross receipts tax, but not income tax, levied on or with respect to the transportation services provided by the Partnership Entities to the Hxxxx Entities under this Agreement.
If the Hxxxx Entities and the Partnership Entities are unable to agree, a new index will be determined by binding arbitration in accordance with Section 11(e) of this Agreement and the same method of adjustment for increases in the new index shall be used to calculate increases in the Roswell Terminal Payment.
The Hxxxx Entities will make payments to the Partnership Entities by electronic payment with immediately available funds on a monthly basis during the Term with respect to services rendered by the Partnership Entities under this Agreement in the prior month.
If the Partnership Entities determine that adding drag reducing agents (“DRA”) and additives to the Crude Oil and Refined Products is reasonably required to move Crude Oil and Refined Product in the quantities necessary to meet the Hxxxx Entities’ schedule or as may be otherwise be required to safely move such quantities of Crude Oil and Refined Product, the Partnership Entities shall provide the Hxxxx Entities with an analysis of the proposed cost and benefits thereof.
The Hxxxx Entities will not have any obligation under Section 3.1 with respect to any Assets until the Covered Environmental Losses of the Partnership Entities exceed $200,000.