Examples of Indigenous Feedstock in a sentence
If at anytime Seller elects to remove its Oil and/or Indigenous Feedstock, Buyer shall provide access to all of the Refinery’s necessary equipment and all assistance reasonably required to complete such removal.
If Seller delivers to Buyer a Termination of Deliveries Notice, Buyer shall immediately cease taking any Deliveries of Oil or Indigenous Feedstock and all rights of Buyer to take deliveries of Oil and Indigenous Feedstock from the Storage Facilities shall terminate.
On the Delivery Commencement Date, Seller shall acquire the Oil and Indigenous Feedstock held in inventory at the Refinery in accordance with the procedures set forth in Appendix 11.
Buyer shall not take any action that adversely affects or encumbers in any way Seller’s title to or rights in such Oil and Indigenous Feedstock.
Subject to the provisions of this Agreement and this Appendix, Seller shall, as of the Delivery Commencement Date and during the term of this Agreement, have the sole and exclusive right to store Oil and Indigenous Feedstock in the Storage Facilities.
The Parties acknowledge that the Calculated Payment Obligation may include quantities of Oil and Indigenous Feedstock that was Delivered in Month M but was originally priced in anticipation of delivery in M-1, M or M+1.
If Buyer does not immediately cease taking Deliveries of Oil or Indigenous Feedstock and provide confirmation of such shutdown to Seller to be received within one (1) hour from delivery of this Notice, Seller may seek injunctive relief via a temporary restraining order and / or a temporary and permanent injunction.
Pursuant to Clause 24(d) of the Supply Agreement, Buyer shall immediately cease taking Deliveries of Oil or Indigenous Feedstock and all rights of Buyer to take such Deliveries is hereby terminated.
If Buyer or Seller determines that additional off-site storage space is needed for use in connection with the operation of the Refinery, Buyer may locate and propose to Seller proposed storage space to be used for additional Oil and/or Indigenous Feedstock storage (a “Proposed Storage Site”), together with proposed terms for acquiring such Proposed Storage Site.
Unless Buyer has received a Termination of Deliveries Notice, Buyer shall either sell to Seller daily the net amount of Indigenous Feedstock produced by the Refinery or purchase from Seller daily the net amount of Indigenous Feedstock Buyer takes from the Storage Tanks for use in normal operations of the Refinery.