Hydrocarbon Inventories definition

Hydrocarbon Inventories is defined in Section 2.2(j).
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Hydrocarbon Inventories means all hydrocarbon inventories owned by Seller as of the Effective Time for use in or resulting from the Operations including each of the following as of the Effective Time (i) all crude oil, blendstock, feedstock and intermediate petroleum products owned by Seller and that are located at the Refinery as of the Effective Time (in each case which shall be measured and valued for all purposes of this Agreement in accordance with Exhibits A-l and A-2) or, to the extent previously agreed in writing by the Parties, that are in transit to the Refinery or held in off-site storage as of the Effective Time but excluding hydrocarbons in process units or in interconnecting lines at the Refinery; (ii) all refined and intermediate product inventories, including petroleum coke and sulfur; and (iii) all additives (excluding additives used by Seller in finished products); but in all cases excluding all finished and unfinished products that have left the Refinery and are en route to any customer (including Seller’s Affiliate(s)) where title has passed to the customer. Hydrocarbon Inventories shall include tank bottoms and heels.
Sample 1
Hydrocarbon Inventories means all Hydrocarbon inventories owned by Seller including all blendstock, feedstock, intermediate petroleum products and finished product, including Hydrocarbons in interconnecting lines.
Sample 1

Examples of Hydrocarbon Inventories in a sentence

  • Within thirty (30) days following the Closing Date, the final market value of the Hydrocarbon Inventories as of the Closing Date shall be determined by Seller and Buyer in accordance with procedures specified in Exhibit A.

  • The Purchase Price shall be subject to adjustment based on the final market value of the Hydrocarbon Inventories as described in this Section 3(d).

  • In either case, such payment shall include interest from the Closing Date through and including the date the payment is made at a rate of 4% per annum, and such payment shall be made in immediately available funds within five (5) business days after the determination of the final market value of the Hydrocarbon Inventories.

  • If the final market value of the Hydrocarbon Inventories is greater than the estimated market value of the Hydrocarbon Inventories referenced in Section 3(b) above, Buyer shall pay to Seller an amount equal to such difference, and if the final market value of the Hydrocarbon Inventories is less than such estimated market value of the Inventories, Seller shall pay to Buyer an amount equal to such difference.

  • Biogenic Hydrocarbon Inventories for California: Generation of Essential Databases.

  • The estimated market value of the Hydrocarbon Inventories set forth in Section 3(b)(i)(B) shall be subject to adjustment based on the final market value of the Hydrocarbon Inventories as described in this Section 3(d).

  • The "Final Inventories Value" shall be the sum of final inventory value for Hydrocarbon Inventories determined in accordance with Schedules E.1 and E.2. If the Final Inventories Value is greater than the Estimated Inventories Value within five (5) business days of the final determination of the value of the Hydrocarbon Inventories in accordance with Schedule E, Buyer will pay Seller a sum of money equal to such difference.

  • If the final market value of the Hydrocarbon Inventories is greater than the estimated market value of the Hydrocarbon Inventories referenced in Section 3(b) above, Buyer shall pay to Seller an amount equal to such difference and if the final market value of the Hydrocarbon Inventories is less than such estimated market value of the Hydrocarbon Inventories, Seller shall pay to Buyer an amount equal to such difference.

  • Estimated Inventories Value" shall mean an amount equal to Seller's good faith estimate of the value of the Hydrocarbon Inventories at the Refinery and in the Tanks (Hydrocarbon Inventories in transit to the Refinery will be valued and paid in accordance with Schedule E.) using prices for crude oil, products and intermediate products in effect on the eighth day prior to Closing to be provided to Buyer by Seller by fax on a date not later than five (5) business days prior to the Closing Date.

  • Většina rozšiřování na dálku se děje pasivně vodou, erozí, větrem a jinými organizmy, včetně člověka.

Related to Hydrocarbon Inventories

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Carbon intensity means the quantity of life-cycle

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Petroleum product means gasoline, gasoline−alcohol fuel blends, kerosene, fuel oil, burner oil, diesel fuel oil or used motor oil.