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).
Provided no Event of Default has occurred and is continuing with respect to DCR, DCR shall be permitted to withdraw from the Tanks (including tanks at any other Included Locations added to the scope of this Agreement after the Commencement Date pursuant to Section 5) and take delivery of Product on any day, at any time and in any quantity.
Each applicable Transaction Entity shall have and retain complete control of its respective Refinery and its maintenance and operations, including utilization or maintenance of all Included Locations (including all Tanks).
Insurance is to be placed with insurer with a Bests' rating of no less than an “A” rating.