REACTOR VENDOR definition
REACTOR VENDOR means those fabricators approved by Licensor to perform the fabrication and/or maintenance and repair of autothermal reformer or ▇▇▇▇▇▇▇-Tropsch reactors for installation and use in Licensed Facilities. Licensor may, from time to time, add or remove any vendor from being a Reactor Vendor.
REACTOR VENDOR means those fabricators approved by Licensor (or Syntroleum) to perform the fabrication and/or maintenance and repair of autothermal reformer or ▇▇▇▇▇▇▇-Tropsch reactors for installation and use in Licensed Facilities. Licensor (or Syntroleum) may, from time to time, add or remove any vendor from being a Reactor Vendor. 1.36 "SITE LICENSE AGREEMENT" means an agreement between the Parties, in the form attached to this Agreement as Attachment 3 and which may be modified from ------------ time to time by mutual written consent of the Parties, granting the right to build and operate a single Licensed Plant, specifying in each case the fixed site and the nominal design capacity, in Barrels of Synthetic Product produced per day. 1.37 "START-UP DATE" means the first full calendar day following a five day period, after completion of catalyst pre-treatment and other preliminary operations, during which the applicable Licensed Plant produces quantities of Synthetic Product in an amount equal to at least 75% of the per-day design production capacity of such Licensed Plant averaged over such five day period. 1.38 "SYNTHETIC PRODUCT" means those hydrocarbons, having a chemical composition substantially consisting of molecules with five or more carbon atoms each, produced using Licensor Technology in the practice of a Conversion Process at a Licensed Plant. 1.39 "SYNTROLEUM" means Syntroleum Corporation, a Delaware corporation. 1.40 "SYNTROLEUM AUSTRALIA CREDIT" means Syntroleum Australia Credit Corporation, a Delaware corporation, and a wholly-owned subsidiary of Syntroleum. 1.41 SYNTROLEUM LICENSE AGREEMENT" means the License Agreement between Syntroleum and Licensor dated August 2, 2000. 2. LICENSOR GRANTS TO LICENSEE -------------------------------
REACTOR VENDOR means those fabricators approved by Licensor (or Syntroleum) to perform the fabrication and/or maintenance and repair of autothermal reformer or ▇▇▇▇▇▇▇-Tropsch reactors for installation and use in the Licensed Plant. Licensor (or Syntroleum) may, from time to time, add or remove any vendor from being a Reactor Vendor. 1.32 "START-UP DATE" means the first full calendar day following a five day period, after completion of catalyst pre-treatment and other preliminary operations, during which the applicable Licensed Plant produces quantities of Synthetic Product in an amount equal to at least 75% of the per-day design production capacity of such Licensed Plant averaged over such five day period. 1.33 "SYNTHETIC PRODUCT" means those hydrocarbons, having a chemical composition substantially consisting of molecules with five or more carbon atoms each, produced using Licensor Technology in the practice of a Conversion Process at the Licensed Plant. 1.34 "SYNTROLEUM" means Syntroleum Corporation, a Delaware corporation. 1.35 "SYNTROLEUM LICENSE AGREEMENT" means the License Agreement between Syntroleum and Licensor dated August 2, 2000. 2. LICENSOR GRANTS TO LICENSEE -------------------------------