Major Scheduled Turnaround means any scheduled shutdown for a period of at least seven consecutive days of the Coffeyville Facility primarily for purposes of conducting maintenance; provided that such scheduled shutdown is the first or the second such scheduled shutdown in any period of 24 consecutive months.
Major Scheduled Turnaround means with respect to the Coffeyville Refinery, the Wynnewood Refinery or any other refinery that may be acquired in accordance with the terms of this Agreement, a scheduled shutdown of refinery process units primarily for purposes of conducting maintenance of at least fifteen (15) consecutive days, which shutdown shall occur no more than twice with respect to each such refinery prior to the Initial Revolving Commitment Termination Date.
Major Scheduled Turnaround means with respect to the Coffeyville Refinery, the Wynnewood Refinery or any other refinery that may be acquired in accordance with the terms of this Agreement, a scheduled shutdown of refinery process units primarily for purposes of conducting maintenance of at least fifteen (15) consecutive days, which shutdown shall occur no more than three times with respect to each such refinery prior to the Initial Revolving Commitment Termination Date.
More Definitions of Major Scheduled Turnaround
Major Scheduled Turnaround means with respect to the Coffeyville Facility or the Dubuque Facility, a scheduled shutdown of fertilizer processing units primarily for purposes of conducting maintenance of at least fifteen (15) consecutive days, which shutdown shall occur no more than three times with respect to each such facility prior to the Initial Revolving Commitment Termination Date.
Major Scheduled Turnaround means with respect to the fertilizer plant of any Loan Party or their Subsidiaries, a scheduled shutdown of fertilizer processing units primarily for purposes of conducting maintenance of at least ten (10) consecutive days, which shutdown shall occur no more than four times with respect to each such facility prior to September 30, 2024, and one additional shutdown for each additional year for which the Maturity Date of any Commitments is extended pursuant to Section 2.16.
Major Scheduled Turnaround means (i) with respect to the Coffeyville Refinery, a scheduled shutdown of refinery process units primarily for purposes of conducting maintenance of at least twenty (20) consecutive days, which shutdown shall occur no more than two times prior to the Initial Revolving Commitment Termination Date and (ii) prior to the Permitted Fertilizer Event, with respect to the Coffeyville Nitrogen Plant, a scheduled shutdown primarily for purposes of conducting maintenance of at least seven (7) consecutive days, which shutdown shall not occur more than two times in any twenty-four (24) month period.
Major Scheduled Turnaround means with respect to the Coffeyville Refinery, the Wynnewood Refinery or any other refinery that may be acquired in accordance with the terms of this Agreement, a scheduled shutdown of refinery process units primarily for purposes of conducting maintenance of at least fifteen (15) consecutive days, which shutdown shall occur no more than three times with respect to each such refinery prior to the Initial Revolving Commitment Termination Date. “Major Scheduled Turnaround Expenses” shall mean expenses which have been incurred by the Credit Parties and/or their Subsidiaries to complete a Major Scheduled Turnaround but only to the extent such amounts are included in determining Consolidated Net Income for the respective period. “Management Agreements” shall have the meaning provided in Section 6.05(b). “Mandatory Borrowing” shall have the meaning provided in Section 2.01(c). “Margin Stock” shall have the meaning provided in Regulation U. “Market Value (RIN)” shall mean, as of any date of determination, with respect to an Eligible RIN on any date of determination, the average of the “ARGUS High” and the “ARGUS Low” published quote (or other quotation service or market reasonably satisfactory to the Administrative Agent or identified on
Major Scheduled Turnaround means with respect to the Coffeyville Facility or the Dubuque Facility, a scheduled shutdown of fertilizer processing units primarily for purposes of conducting maintenance of at least fifteen (15) consecutive days, which shutdown shall occur no more than three times with respect to each such facility prior to the Initial Revolving Commitment Termination Date. “Major Scheduled Turnaround Expenses” shall mean expenses which have been incurred by the Credit Parties and/or their Subsidiaries to complete a Major Scheduled Turnaround but only to the extent such amounts are included in determining Consolidated Net Income for the respective period. “Mandatory Borrowing” shall have the meaning provided in Section 2.01(c). “Margin Stock” shall have the meaning provided in Regulation U. “Material Adverse Effect” shall mean (a) a material adverse change in, or a material adverse effect on, the business, operations, property, assets, liabilities (actual or contingent) or condition (financial or otherwise) of the Credit Parties taken as a whole or (b) a material impairment of the rights and remedies of the Lenders, the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document or of the ability of any Credit Party to perform its obligations hereunder or under any other Credit Document to which it is a party or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Credit Party of any Credit Document to which it is a party. “Material Contract” shall mean any contract or other arrangement to which any Credit Party or any of their respective Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. “Maximum Letter of Credit Amount” shall mean $10,000,000. “Maximum Rate” shall have the meaning provided in Section 13.20. “Maximum Swingline Amount” shall mean, at any time, an amount equal to the lesser of (i) $5,000,000 and (ii) 1015% of the Total Revolving Loan Commitment at such time. 31 #93457508v14
Major Scheduled Turnaround means (i) with respect to the Coffeyville Refinery, a scheduled shutdown of Refinery process units primarily for purposes of conducting maintenance, of at least twenty (20) consecutive days which shutdown shall occur not more than one time; provided, however, that such shutdown of the Coffeyville Refinery shall not constitute a "Major Scheduled Turnaround" unless the Diesel Hydrotreater located at the Coffeyville Refinery is, during such shutdown, upgraded or replaced to comply with the Tier II low sulfur diesel standards (40 CFR Part 80, Subpart I) and (ii) with respect to the Coffeyville Nitrogen Plant, a scheduled shutdown primarily for purposes of conducting maintenance, of at least seven (7) consecutive days which shutdown shall not occur more than one time in any eighteen (18) month period or twice in any forty-two (42) month period.
Major Scheduled Turnaround means with respect to the Refinery, a scheduled shutdown of refinery process units primarily for purposes of conducting maintenance of at least twenty (20) consecutive days, which shutdown shall occur no more than two times prior to the Final Maturity Date.