Examples of PBF Holdings in a sentence
Xxxxx Title: Managing Director By: FR XII PBF Holdings LLC, its Sole Member By: /s/ Xxxx X.
Xxxxx Title: Senior Managing Director By: FR XII PBF Holdings LLC, its Sole Member By: /s/ Xxxx X.
The Partnership borrowed an additional $700 under its Revolving Credit Facility to repay $700 of its outstanding term loan in order to release the $700 in marketable securities that had collateralized the Partnership’s term loan.The Delaware City Products Pipeline consists of a 23.4 mile, 16-inch interstate petroleum products pipeline with 125,000 bpd of capacity located at PBF Holding's Delaware City, Delaware refinery.
Certain of the Toledo Tank Farm’s asset retirement obligations are based on its legal obligation to perform remedial activity at PBF Holding's refinery sites when it permanently ceases operations of the long-lived assets.
Pursuant to the PNGPC Contribution Agreement, the Partnership, through its wholly-owned subsidiary, PBFX Op Co, acquired from PBF LLC all of the issued and outstanding limited liability company interests of PNGPC, which owns and operates the Paulsboro Natural Gas Pipeline, an existing interstate natural gas pipeline which serves PBF Holding's Paulsboro Refinery, and is subject to regulation by the Federal Energy Regulatory Commission (“FERC”).
In particular, if the Borrower shall have actual knowledge that PBF Holdings shall have failed to perform or observe any warranty, covenant, condition or other agreement to be performed or observed by it under the TSA, then Borrower shall provide written notice thereof to PBF Holdings triggering the 30 day grace period referred to in Section 15 of the TSA.
Xxxxx Title: Senior Managing Director By: FR XII PBF Holdings LLC, its Sole Member By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Managing Director By: FR XII PBF Holdings LLC, its Sole Member By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Managing Director Xxxxxx Xxxxxxx & Co. LLC Citigroup Global Markets Inc.
The Borrower shall enforce the provisions of the TSA against PBF Holdings.
Notwithstanding the foregoing, (i) the obligations in paragraph (a)(ii) and (b)(ii) of this Section 6.01 may be satisfied with respect to financial information of PBF Holdings and its Subsidiaries by furnishing PBF Holdings’ (or any direct or indirect parent thereof, as applicable) Form 10-K and Form 10-Q, as applicable, filed with the Securities and Exchange Commission and (ii) in no event shall stand-alone financial statements of any TSA Guarantor be required to be delivered.
In addition, both the indentures and the Revolving Credit Facility contain additional restrictions limiting PBF Holding's ability to make distributions to PBF LLC.PBFX made aggregate quarterly distributions of $75.3 million ($1.20 per unit) during the year ended December 31, 2022 to holders of its common units, of which $35.9 million was paid to PBF LLC.