Permanent Refinery Shutdown definition

Permanent Refinery Shutdown has the meaning specified in Section 16.1(a).
Permanent Refinery Shutdown shall be deemed to have occurred upon the earlier of (i) the cessation of all or substantially all commercial operation of the Refinery with no current intent on the part of the Company to resume all or substantially all commercial operation thereof or (ii) a change to the Refinery’s current SIC code (i.e., 4610) applicable to crude oil refining. The Company shall exercise commercially reasonable efforts to provide the Operator with at least sixty (60) days advance notice of a Permanent Refinery Shutdown.
Permanent Refinery Shutdown shall be deemed to have occurred upon the earlier of (A) the cessation of all or substantially all commercial operation of the Refinery with no current intent on the part of PBF Holding to resume all or substantially all commercial operation thereof or (B) a change to the Refinery’s current SIC code (i.e., 4610) applicable to crude oil refining. PBF Holding shall exercise commercially reasonable efforts to provide TVPC with at least sixty (60) days advance notice of a Permanent Refinery Shutdown. For the avoidance of doubt, a Permanent Refinery Shutdown shall not include a shutdown of the Refinery resulting from an event of Force Majeure.

Examples of Permanent Refinery Shutdown in a sentence

  • In the event of a Permanent Refinery Shutdown, the Operator shall have the right to purchase the assets identified in Exhibit D (the “Designated Refinery Assets”) at their fair market value at the time of sale in accordance with this Section 16.1.

  • The distinction between private communications and public social media postings, it turns out, is a critical one in addressing the complexities in determining admissibility of such evidence.

  • In the event of a Permanent Refinery Shutdown, the Operator shall have the right to purchase the assets identified in Exhibit D and such other assets as the Operator reasonably determines in good faith to be necessary to operate the Terminal (the “Designated Refinery Assets”) at their fair market value at the time of sale in accordance with this Section 16.1.

  • In the event of a Permanent Refinery Shutdown, TVPC shall have the right to purchase the assets identified in Exhibit E and such other assets as TVPC reasonably determines in good faith to be necessary to operate the Main Line (South) and the Main Line (North) (the “Designated Refinery Assets”) at their fair market value at the time of sale in accordance with this Section 16(a).

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Related to Permanent Refinery Shutdown

  • Shutdown means the cessation of operation of equipment.

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.

  • Plant means the machinery and apparatus intended to form or forming part of the Works.

  • Generator Planned Outage means the scheduled removal from service, in whole or in part, of a generating unit for inspection, maintenance or repair with the approval of the Office of the Interconnection in accordance with the PJM Manuals.

  • Cannabis testing facility means an entity registered by

  • Waterborne disease outbreak means the significant occurrence of an acute infectious illness, epidemiologically associated with the ingestion of water from a public water system which is deficient in treatment, as determined by the Division.

  • Terminal disease means an incurable and irreversible disease that has been medically confirmed and will, within reasonable medical judgment, produce death within six months.

  • Cultivation site means a location where cannabis is planted, grown, harvested, dried, cured, graded, or trimmed, or a location where any combination of those activities occurs.

  • Planned Outage means the removal of equipment from service availability for inspection and/or general overhaul of one or more major equipment groups. To qualify as a Planned Outage, the maintenance (a) must actually be conducted during the Planned Outage, and in Seller’s sole discretion must be of the type that is necessary to reliably maintain the Project, (b) cannot be reasonably conducted during Project operations, and (c) causes the generation level of the Project to be reduced by at least ten percent (10%) of the Contract Capacity.

  • generating plant means the generating facility described in Schedule 1 as amended from time to time;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • Transboundary movement means any movement of hazardous wastes or other wastes from an area under the national jurisdiction of one State to or through an area under the national jurisdiction of another State or to or through an area not under the national jurisdiction of any State, provided at least two States are involved in the movement;

  • Commissioning Period has the meaning set forth in Attachment T.

  • Wind Turbine means a mechanical/electrical system that converts the kinetic energy of blowing wind into mechanical or electric power.

  • Cannabis processing facility means a person that:

  • Underground facility means any item which shall be buried or placed below ground for use in connection with the storage or conveyance of water, sewage, electronic, telephone or telegraphic communications, electric energy, oil, gas or other substances, and shall include, but not be limited to pipes, sewers, conduits, cables, valves, lines, wires, manholes, attachments and those portions of poles and their attachments below ground.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Commissioning Date means that date when construction of the contemplated Project is complete, and the Maintenance Term commences;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Harvest batch means a specifically identified quantity of dried flower or trim, leaves, and other cannabis plant matter that is uniform in strain, harvested at the same time, and, if applicable, cultivated using the same pesticides and other agricultural chemicals, and harvested at the same time.

  • Planned Downtime means planned downtime for upgrades and maintenance to the Services scheduled in advance of such upgrades and maintenance.

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Marijuana testing facility means an entity licensed to analyze and certify the safety and potency of marijuana.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Very high radiation area means an area, accessible to individuals, in which radiation levels from radiation sources external to the body could result in an individual receiving an absorbed dose in excess of 5 Gy (500 rad) in one hour at one meter from a source of radiation or one meter from any surface that the radiation penetrates.