Logistics Assets definition

Logistics Assets means all Assets owned by Logistics Opco and its Subsidiaries.

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Logistics Assets means the assets owned by, leased by or necessary for the operation of the business, properties or assets of any entity in the Logistics Group, and any future expansions thereof.

Logistics Assets means the ▇▇▇▇▇▇▇ Truck Facility, the Tioga Rail Terminal and all other assets owned, directly or indirectly, by Hess Logistics LLC as of the Effective Date.

Examples of Logistics Assets in a sentence

• Such amounts expended shall be included in (x) HIP’s adjusted tax basis in its Limited Partner Interest and (y) the Partnership’s adjusted tax basis in the Logistics Assets.

• The Parties acknowledge and agree that the easements relating to Delaware Logistics Assets set forth on Schedule 6.10 will be entered into prior to or at Closing.

• DCR currently has access to, owns or has the right to use (and, at Closing, each Transferred Company, as applicable) will have access to, own or have the right to use) pursuant to license, sublicense, agreement or otherwise all items of Intellectual Property required in connection with the ownership of Delaware Logistics Assets and the operation of the Business as presently conducted.

• PBF Energy and the Partnership agree to furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information (including access to books and records) and assistance relating to the Delaware Logistics Assets as is reasonably requested by PBF Energy, the Partnership or any Affiliate for the filing of any Tax Returns, for the preparation of any audit, and for the prosecution or defense of any Tax claim.

• Located near Duncan, Oklahoma, the ▇▇▇▇▇▇ Terminal (as defined in the Big Spring Refinery Logistics Assets Transaction Agreement listed on Schedule IX).

• Schedule 4.14 sets forth a list of the material insurance policies with respect to which the Delaware Logistics Assets and the Business are beneficiaries.

• The Partnership shall provide to PBF Energy, at no cost or expense to PBF Energy, reasonable access during business hours to such books and records as remain in the Partnership’s possession and reasonable access during business hours to the properties and employees of the Partnership in connection with matters relating to the business or operations of the Transferred Companies or the Delaware Logistics Assets on or before the Closing Date and any disputes relating to this Agreement.

• In connection with the Delaware Logistics Assets, aside from the indemnities set forth herein, Valero Energy Corporation ("Valero") remains responsible for certain pre-acquisition environmental obligations up to $20,000,000.

• PBF Energy shall be responsible for, and shall indemnify the Partnership for, all Taxes related to the Delaware Logistics Assets with respect to the portion of any Tax Straddle Period prior to the Closing Date.

• Except as set forth in Schedule 4.10, (a) there are no legal actions before any Governmental Authority or lawsuits pending or, to the Knowledge of PBF Energy, threatened against PBF Energy or any Affiliate relating to the Delaware Logistics Assets, other than lawsuits or actions which would not reasonably be expected to have a Material Adverse Effect, and (b) the Delaware Logistics Assets are not subject to any injunction, order or unsatisfied judgment from any Governmental Authority.

More Definitions of Logistics Assets

Logistics Assets means (i) any Terminal and its related storage tanks, pipelines, docks and wharfs and off-loading equipment and similar assets, (ii) any pipeline and related assets and (iii) any other asset that constitutes a Qualifying Asset, in each case other than any Refinery operating processing unit.

Logistics Assets means, collectively, the Pipeline Assets, the SPM and the Terminals along with two (2) time chartered tug/barge units and one (1) leased tug boat.

Logistics Assets means the assets conveyed, contributed or otherwise transferred or intended to be conveyed, contributed or otherwise transferred pursuant to a Contribution Agreement as set forth on Schedule A to this Agreement and as described in that Contribution Agreement, together with the additional applicable conveyance documents and instruments contemplated or referenced thereunder, to any member of the Logistics Group, or owned by, leased by or necessary for the operation of the business, properties or assets of any member of the Logistics Group, prior to or as of the Commencement Date.

Logistics Assets means the gathering pipelines, transportation pipelines, storage tanks, trucks, truck racks, terminal facilities, offices and related equipment, real estate and other assets, or portions thereof, conveyed, contributed or otherwise transferred or intended to be conveyed, contributed or otherwise transferred pursuant to the Contribution Agreement, together with the additional conveyance documents and instruments contemplated or referenced thereunder, to any member of the Logistics Group, or owned by, leased by or necessary for the operation of the business, properties or assets of any member of the Logistics Group, prior to or as of the Commencement Date.

Logistics Assets means the assets consisting of the assets owned by MOEM Pipeline LLC, ▇▇▇▇▇▇▇ Pipeline Company and T&M Terminal Company;