Petroleum Equipment definition

Petroleum Equipment means all petroleum marketing equipment, including, but not limited to, pumps, gasoline dispensers, gas console, gasoline canopy, canopy structure, lights, registered and properly upgraded underground storage tanks and lines, environmental monitoring or upgrade equipment, and any related equipment or apparatus.
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Petroleum Equipment means any installation, container, pipe, apparatus or other equipment that may be used for the handling, transfer or storage of petroleum products, except the tanks of motorized vehicles or equipment that contain petroleum products for the supply of the vehicle or equipment ;
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Examples of Petroleum Equipment in a sentence

  • The Stores, Tanks, Petroleum Equipment, Real Property and Business are in compliance with all applicable Environmental Laws.

  • Notwithstanding the foregoing provisions of this paragraph, but subject to the provisions of Sections 7.7 and 11.3(a) herein, Purchaser, under the Seller Designate Real Property Subleases, shall be solely responsible for all Liability related to the Petroleum Equipment and operations of the Stores from and after the First Closing Date.

  • If Landlord chooses to purchase the Petroleum Equipment, Landlord shall conduct, in its sole discretion and at its expense, such assessments and testing of the Petroleum Equipment in order to establish the operating condition of the Petroleum Equipment and whether a release of Hazardous Material has occurred for which Tenant would be responsible.

  • As used herein, the term “Contractors” shall mean contractors or third parties who are performing work on or about the Premises either (i) in connection with work that was approved by Landlord pursuant to Section 7, or (ii) in connection with the Petroleum Equipment.

  • Manager shall not incur any expenses or make any expenditures except as expressly permitted in or by this contract.

  • Schedule 5.18 hereto contains a true and complete list of (i) all machinery, Petroleum Equipment, Store Equipment, furniture and fixtures owned by the Seller and included in the definition of Transferred Assets and, (ii) separately identified as Third Party Equipment, all Petroleum Equipment and Store Equipment owned by third parties and used in the Business.

  • To the Seller's Knowledge, the facilities, machinery, Store Equipment, Petroleum Equipment, furniture, fixtures, buildings and other tangible assets which are included in the Transferred Assets or are a part of the Real Property are in good operating condition and repair (subject to Section 7.1 hereof), except for ordinary wear and tear and parts or repairs of an immaterial nature in the aggregate.

  • Landlord’s purchase option may be assigned at Landlord’s discretion if Tenant has no continuing liability with respect to the Petroleum Equipment; if Tenant does have continuing liability with respect to the Petroleum Equipment, the assignee must be reasonably acceptable to Tenant.

  • As of the First Closing, the facilities, computer equipment, Store Equipment, Petroleum Equipment, Car Wash Equipment, Carolina Petroleum Assets, furniture, fixtures, buildings and other tangible assets which are included in the Transferred Assets or are a part of the Real Property are in good operating condition and repair and are adequate for the uses to which they have been put by the Seller in the ordinary course of the business of the Business, except for ordinary wear and tear.

  • Tenant shall obtain and maintain all necessary permits, approvals, registrations, certificates, and authorizations (“Permits”) required under Environmental Laws for the Premises and Petroleum Equipment, and Tenant shall be responsible for all related costs, fees, and charges.

Related to Petroleum Equipment

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Farm equipment means equipment used directly for farming

  • Petroleum refinery or “refinery” means any facility engaged in producing gasoline, aromatics, kerosene, distillate fuel oils, residual fuel oils, lubricants, asphalt, or other products through distillation of petroleum or through redistillation, cracking, rearrangement or reforming of unfinished petroleum derivatives.

  • Petroleum product means petroleum, refined petroleum products, nonpetroleum renewable resources, propane, butane, natural gas, corn and other energy-related commodities, including, without limitation, blend components commonly used in the petroleum industry to improve characteristics of, or meet governmental or customer specifications for, petroleum, refined petroleum or renewable diesel products.

  • Transportation equipment means 1 or more of the following: