Examples of Infineum Product in a sentence
Effective October 1, 1998, SOC, at Shell’s Belpre site (the “Site”), contributed to Infineum: a one hundred percent (100%) ownership interest in the Proprietary Equipment, Infineum Product and Infineum Materials; a one hundred percent (100%) ownership interest in the volumes of Materials specified for Infineum in Schedule 1; and an undivided ownership interest in the “G-1” Unit, the “G-2” Unit, the hydrogen plant and the Infrastructure Assets in the respective percentages listed in Schedule 1A.
Operator shall use commercially reasonable efforts to manufacture On-Spec Infineum Product within the targets jointly developed by Infineum and Operator pursuant to Article 3.6.
Shell will own all Shell Product and all Infineum Product unless and until title transfers to Infineum.
Without limitation, a deliberate violation of this Agreement by Managerial Personnel of Operator with the intention to favor Shell’s Shell Products business over Infineum’s Infineum Product business to the detriment of Infineum shall be considered Wilful Misconduct for purposes hereof.
If necessary to make up any loss of volume of a particular Infineum Product arising out of Operator’s Wilful Misconduct, Operator shall make alterations to the production cycle to prioritize such volume make up unless and to the extent that Infineum reasonably determines that it has adequate inventory for the Infineum Product in question.
A Taking that renders the remainder of the Shared Facilities not Taken unviable under the then current economic conditions for the production of Infineum Product and Shell Product shall be treated as a Taking of “substantially all” of the Shared Facilities.
Infineum may require that, at Infineum’s cost, Infineum’s internal audit personnel and/or independent auditors (provided such auditors are not employees or agents of any member of the Exxon Corporation or its Affiliates) perform an audit to confirm the ultimate sale or disposition of such Off-Spec Infineum Product for the current year and for any of the three (3) preceding years upon reasonable notice and at reasonable times and intervals but no more often than once in a calendar year.
For example, discolorations do not represent faults or defects in the terms of this product guarantee.
All Variable Costs incurred by Operator in producing Off-Spec Infineum Product under this Article 2.9.1 and all Variable Costs incurred by Operator in storing, refinishing, reprocessing or retesting of Off-Spec Infineum Product under this Article 2.9.1 shall be for the account of Infineum.
Any Capacity Rights utilized in refinishing, reprocessing or retesting of such Off-Spec Infineum Product shall be for the account of Infineum.