Examples of Included Locations in a sentence
The quantity and quality of Products received into and delivered from the Included Locations, as well the quantity and quality of Xxxx Inventory in the Included Locations at any given time, shall be determined by applying the Volume Determination Procedures in accordance with the latest established API/ASTM standards, or other mutually agreed to specifications, and shall include tank heels and working inventory.
Xxxx shall own and have title to all of the Xxxx Inventory stored in the Included Locations (it being agreed and acknowledged that (i) Excess Quantities and Excluded Third-Party Inventory do not constitute Xxxx Inventory and (ii) upon PRC purchasing any Xxxx Inventory pursuant to Section 6.4.5, such quantities shall not constitute Xxxx Inventory unless and until the quantities in the affected Tanks are repurchased by Xxxx pursuant to Section 6.4.5).
Solely in its capacity as bailee, PRC shall have custody of Xxxx Inventory from the time such Xxxx Inventory passes the inlet flange of the Tanks (including tanks at the Included Locations) until such time as such Xxxx Inventory passes the outlet flange of the Tanks (including tanks at the Included Locations).
DCR shall hold all Xxxx Inventory in the Included Locations solely as bailee.
All Products shall be delivered by DCR, at DCR’s cost, to Xxxx into the Tanks (including tanks at any other Included Locations added to the scope of this Agreement after the Commencement Date pursuant to Section 5).