Required Storage and Transportation Arrangements definition

Required Storage and Transportation Arrangements mean such designations and other binding contractual arrangements, in form and substance satisfactory to Xxxx, pursuant to which the Company or XXXX, as applicable, shall have provided Xxxx with full and unimpaired right to the Company’s or XXXX’x (or their Affiliates’), as applicable, rights to use the Included Crude Pipelines, Included Product Pipelines, Crude Storage Tanks, Product Storage Tanks and Included Third Party Storage Tanks.

Required Storage and Transportation Arrangements means such designations, acknowledgments and other binding contractual arrangements hereafter entered into, in form and substance reasonably satisfactory to Xxxx, pursuant to which the Company (or its Affiliates) hereafter shall provide Xxxx with the Company’s (or its Affiliates’) full right to use the third party Included Pipelines and third party Included Tanks, pursuant to the terms and conditions of the Base Agreements or such other agreements creating the Company’s rights in and to such facilities and the rights of existing third parties; provided that, without limiting the generality of the foregoing, Xxxx may require that the terms and conditions of any such contractual arrangement provide that (a) any third party thereto waive any Lien or charge that might apply to or be deemed to apply to any Crude Oil and/or Products of which Xxxx is the owner as contemplated by this Agreement and the other Transaction Documents, or to subordinate such Lien or charge to the Lien granted to Xxxx under the Lien Documents, and (b) the Company (or its Affiliate) agrees to provide Xxxx with such further documentation as it may reasonably request in order to confirm such waiver or subordination.

Required Storage and Transportation Arrangements has the meaning set forth on Schedule U.

Examples of Required Storage and Transportation Arrangements in a sentence

• Xxxx shall have the right to inject (except for such injections by the Company otherwise contemplated hereby), store, transport and withdraw Crude Oil in and on the Included Crude Pipeline to the same extent as the Company’s rights to do so prior to the implementation of the Required Storage and Transportation Arrangements.

• Upon Xxxx’x request, the Company shall promptly deliver to Xxxx (A) any invoices received by any Transaction Party and (B) evidence of any payments delivered to the applicable counterparty, in each case, in connection with any terminaling, pipeline, storage, service or lease agreements underlying any of the Bailee’s Letters or any of the Required Storage and Transportation Arrangements (including without limitation the Base Agreements).

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• Aron shall have the exclusive right (to the extent that such exclusive right can be granted) to inject (except for such injections by the Company otherwise contemplated hereby), store, transport and withdraw Products in and on the Included Product Pipelines and the Included Product Tanks to the same extent as the Company’s rights to do so prior to the implementation of the Required Storage and Transportation Arrangements.

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• Macquarie shall have the exclusive right, which such right Macquarie may assign to the SIP, (to the extent that such exclusive right can be granted, and except to the extent otherwise expressly contemplated in Section 7.10) to inject into, store in and withdraw Products from the Refinery Product Storage Tanks and all other Included Product Tanks as provided under the Storage Facilities Agreement and, if hereafter entered into, any Required Storage and Transportation Arrangements.

• Pipelines and the Included Third Party Storage Tanks to the same extent as the Company’s rights to do so prior to the implementation of the Required Storage and Transportation Arrangements.

More Definitions of Required Storage and Transportation Arrangements

Required Storage and Transportation Arrangements means such designations and other binding contractual arrangements hereafter entered into, in form and substance reasonably satisfactory to Aron, pursuant to which the Company (or its Affiliates) hereafter shall provide Aron with the Company’s (or its Affiliates’) full right to use the third party Included Product Pipelines and third party Included Product Tanks, pursuant to the terms and conditions of the Base Agreements or such other agreements creating the Company’s rights in and to such facilities and the rights of existing third parties.

Required Storage and Transportation Arrangements means such designations and other binding contractual arrangements hereafter entered into, in form and substance reasonably satisfactory to Macquarie, pursuant to which the Company (or its Affiliates) hereafter shall provide Macquarie with the Company’s (or its Affiliates’) full right to use the third party Included Renewable Product Pipelines and third party Included Renewable Product Tanks, pursuant to the

Required Storage and Transportation Arrangements means such designations and other binding contractual arrangements hereafter entered into, in form and substance reasonably satisfactory to Macquarie, pursuant to which the Company (or its Affiliates) hereafter shall provide Macquarie with the Company’s (or its Affiliates’) full right to use the third party Included Renewable Product Pipelines and third party Included Renewable Product Tanks, pursuant to the terms and conditions agreed by Macquarie and the Company and of the Base Agreements or such other agreements creating the Company’s rights in and to such facilities and the rights of existing third parties.

Required Storage and Transportation Arrangements mean, with respect to an Included Location, such designations and other binding contractual arrangements, in form and substance satisfactory to Xxxx, pursuant to which the Company shall have provided Xxxx with the Company’s (or its Affiliates’) full and unimpaired right to use such Included Location.

Required Storage and Transportation Arrangements means such designations and other binding contractual arrangements hereafter entered into, in form and substance reasonably satisfactory to Macquarie, pursuant to which Fuels or LW (or its Affiliates) hereafter shall provide Macquarie with Fuels’ or LW’s (or its Affiliates’) full right to use the third party Included Product Pipelines and third party Included Product Tanks, pursuant to the terms and conditions of the Base Agreements or such other agreements creating Fuels’ or LW’s rights in and to such facilities and the rights of existing third parties.