Refinery Product Storage Tanks definition

Refinery Product Storage Tanks means the Included Product Tanks owned by the Company and located adjacent to the Refinery used for the storage of Products, as identified on Schedule E.

Refinery Product Storage Tanks means the tanks owned by Owner or its subsidiaries at the Refinery that store Products, as further described on Schedule A-2, together with all furniture, fixtures, equipment, and other tangible personal property owned or used by Owner in the ownership, operation, and maintenance thereof and all future modifications or additions thereto.

Refinery Product Storage Tanks has the meaning specified in the Supply and Offtake Agreement.

Examples of Refinery Product Storage Tanks in a sentence

• With respect to any Other Product Barrels that the Company expects to deliver to the Refinery Product Storage Tanks or such other designated Included Product Tanks, the Company shall give Xxxx written notice of such expected delivery at least ten (10) Business Days preceding the expected delivery month for such Other Product Barrels and in such notice the Company shall provide to Xxxx the quantity, grade and delivery terms of such Other Product Barrels expected to be delivered.

• During the Storage Term, Macquarie Group shall have the exclusive right to store Crude Oil in the Crude Storage Tanks and Products in the Refinery Product Storage Tanks.

• Notwithstanding anything herein to the contrary, title and risk of loss shall remain with Macquarie Group during the Product transfer between the Refinery Product Storage Tanks.

• LW shall provide notice to Macquarie prior to each calendar month and each week as to the estimated quantities of Crude Oil it expects to deliver to the Crude Storage Tanks and the estimated quantities of Products it expects to deliver to the Refinery Product Storage Tanks during that month in accordance with Section 5.1 and Section 8.3 of the Supply and Offtake Agreement.

• Corporate loans consist of loans to customers in various industries.

• For the avoidance of doubt, the SIP shall pay the Monthly Facilities Fee only with respect to the Refinery Product Storage Tanks.

• During the Storage Term, (i) the only Materials stored in the Crude Storage Tanks shall be Crude Oil owned by Macquarie Group and (ii) the only Materials stored in the Refinery Product Storage Tanks shall be Products owned by Macquarie Group.

• LW shall bear sole responsibility for the withdrawal of Products from the Refinery Product Storage Tanks.

• LW shall store each grade of Product in separate Refinery Product Storage Tanks and avoid any contamination of one Product by another or any degradation of the quality of any Product that would adversely affect the marketability of such Product.

• For the avoidance of doubt, the SIP shall not hold title and risk of loss to any Products while they are held in the Refinery Product Storage Tanks.

More Definitions of Refinery Product Storage Tanks

Refinery Product Storage Tanks means the Included Product Tanks owned by the Company and located adjacent to the Refinery used for the storage of Products, as identified on Schedule E .