Examples of Lake Xxxxxxx Refinery in a sentence
Company may not enter into any agreement with any Person other than Holdings with respect to terminaling services in connection with supply of Crude Oil to the Lake Xxxxxxx Refinery without allowing Holdings an opportunity to offer to provide such services.
If Company determines to totally or partially suspend refinery operations at the Lake Xxxxxxx Refinery for a period of at least 12 consecutive Months, the Parties will negotiate in good faith to agree upon a reduction of the applicable Commitment(s) to reflect such suspension of operations.
Company intends to deliver Crude Oil to the Xxxxxxx Xxxxx Terminal and the Pecan Grove Terminal (together, the “Terminals”) and desires to have such Crude Oil stored and handled at the Terminals and redelivered into a pipeline for onward delivery to the Lake Xxxxxxx Refinery, and Holdings desires to provide such terminaling services and the additional services described in this Agreement, for Company, all upon the terms and conditions set forth in this Agreement.
In the event Company publicly announces, prior to the expiration of such 12-month period, its intent to resume operations at the Lake Xxxxxxx Refinery, then such Notice shall be deemed revoked and this Agreement shall continue in full force and effect as if such Notice had never been delivered.
If Company decides to restructure its supply, refining or sales operations at the Lake Xxxxxxx Refinery in such a way as could reasonably be expected to materially and adversely affect the economics of Company’s performance of its obligations under this Agreement, then the Parties will negotiate in good faith a reduction in Company’s Minimum Quarterly Transportation Commitment or an exchange of the Pipeline for other assets not so affected.
If Company determines to completely suspend refinery operations at the Lake Xxxxxxx Refinery for a period of at least 12 consecutive Months, then after Company has made a public announcement of such suspension, Company may provide written Notice to Carrier of its intent to terminate this Agreement and this Agreement will terminate 12 Months following the date such Notice is received by Carrier.
If Company decides to restructure its supply, refining or sales operations at the Lake Xxxxxxx Refinery in such a way as could reasonably be expected to materially and adversely affect the economics of Company’s performance of its obligations under this Agreement, then the Parties will negotiate in good faith concerning a reduction in Company’s commitment or an exchange of the Xxxxxxx Xxxxx Terminal or the Pecan Grove Terminal (whichever is adversely affected) for other assets not so affected.
In the event Company publicly announces, prior to the expiration of such 12-Month period, its intent to resume operations at the Lake Xxxxxxx Refinery, then such Notice shall be deemed revoked and this Agreement shall continue in full force and effect as if such Notice had never been delivered.
Carrier shall be deemed to have custody of Crude Oil injected into the Pipeline from the time such Crude Oil passes through the flange connection between the relevant Origin Point and the Pipeline until it is delivered to Company or, at the direction of Company, to a third party through the flange connection (a) between the Pipeline and the Lake Xxxxxxx Refinery, (b) between the Pipeline and a receiving third party pipeline, or (c) between the Pipeline and the Xxxxxxx Xxxxx Terminal, as the case may be.
If Company decides to restructure its supply, refining or sales operations at the Lake Xxxxxxx Refinery in such a way as to materially and adversely affect the economics of Company’s performance under this Agreement, then the Parties will negotiate in good faith concerning a reduction in Company’s commitment and/or an exchange of the Xxxxxxx Xxxxx Terminal or the Pecan Grove Terminal (whichever is adversely affected) for other assets not so affected.