Storage Facilities Agreement definition

Storage Facilities Agreement means the Storage Facilities Agreement by and among X. Xxxx, the Company and Lion Oil Trading & Transportation, Inc., dated as of April 29, 2011, as from time to time amended, modified and/or restated, and any replacement thereof.

Storage Facilities Agreement means the storage facilities agreement, dated as of the Commencement Date, among the Company, XXXX, El Dorado, Magnolia and Xxxx, pursuant to which the Company, XXXX, El Dorado and Magnolia shall grant to Xxxx an exclusive right to use the Storage Facilities in connection with this Agreement, as amended, supplemented, restated or otherwise modified from time to time.

Storage Facilities Agreement means the storage facilities agreement, in form and substance mutually agreeable to the Parties, to be dated as of the Commencement Date, between the Company, PPC, certain of PPC’s Affiliates (collectively, the “Granting Parties”) and Xxxx, pursuant to which the Granting Parties have granted to Xxxx an exclusive right to use the Storage Facilities in connection with this Agreement.

Examples of Storage Facilities Agreement in a sentence

With respect to any activities involving Crude Oil covered by the Storage Facilities Agreement or any Required Storage and Transportation Arrangement, Citi may from time to time appoint one or more Delek Entities as Citi’s agent thereunder for such activities as Citi may specify.
With respect to any activities involving Products covered by the Storage Facilities Agreement or any Required Storage and Transportation Arrangement, Citi may from time to time appoint one or more Delek Entities as Citi’s agent thereunder for such activities as Citi may specify.
Citi shall have the right to inject (except for such injections by any Delek Entity as contemplated herein), store, transport and withdraw Crude Oil in and on the Included Crude Pipelines and the Crude Storage Tanks not subject to the Storage Facilities Agreement to the same extent as the applicable Delek Entity had the right to do so prior to the implementation of the Required Storage and Transportation Arrangements.

More Definitions of Storage Facilities Agreement

Storage Facilities Agreement means the storage facilities agreement, dated as of the Commencement Date, among ARKS, DKTS and Citi, pursuant to which ARKS and DKTS shall grant to Citi an exclusive right to use the Included Locations described therein in connection with this Agreement, as amended, supplemented, restated or otherwise modified from time to time.

Storage Facilities Agreement means the storage facilities agreement, in form and substance mutually agreeable to the Parties, dated as of the Commencement Date (as amended and restated on the Second Restatement Effective Date (the “Amended and Restated Storage Facilities Agreement”)), between the Company and Xxxx, pursuant to which the Company has granted to Xxxx an exclusive right to use the Storage Facilities (to the extent that such exclusive right can be granted) in connection with this Agreement; provided that such storage facilities agreement shall also xxxxx Xxxx the right to use the SPM for receiving delivery of material to the extent contemplated by this Agreement, it being acknowledged that Xxxx shall only receive and concurrently transfer to the Company title to materials delivered at the SPM Delivery Point and shall not at any time hold, store or transport any materials at or through the SPM or the pipelines, hoses and other infrastructure connecting the SPM to the Crude Storage Tanks or Refinery Product Storage Tanks.

Storage Facilities Agreement means the Storage Facilities Agreement by and among J. Aron, the Company and Lion Oil Trading & Transportation, Inc., dated as of April 29, 2011, as from time to time amended, modified and/or restated, and any replacement thereof.

Storage Facilities Agreement means the storage facilities agreement, in form and substance mutually agreeable to the Parties, to be dated as of the Commencement Date, between the Company and Xxxx, pursuant to which the Company shall grant to Xxxx an exclusive right to use the Storage Facilities in connection with this Agreement. “Subsequent Term Credit Agreement” means any term credit agreement entered into by Alon USA Energy, Inc. and/or any of its Subsidiaries replacing or refinancing, in whole or in part, the Initial Term Credit Agreement or another Subsequent Term Credit Agreement, as from time to time, as applicable. “Supplier’s Inspector” means any Person selected by Xxxx in a commercially reasonable manner that is acting as an agent for Xxxx or that (1) is a licensed Person who performs sampling, quality analysis and quantity determination of the Crude Oil and Products purchased and sold hereunder, (2) is not an Affiliate of any Party and (3) in the reasonable judgment of Xxxx, is qualified and reputed to perform its services in accordance with applicable law and industry practice, to perform any and all inspections required by Xxxx. “Tank Maintenance” has the meaning specified in Section 9.5. “Target Month End Crude Volume” has the meaning specified in Section 7.2(b). “Target Month End Product Volume” has the meaning specified in Section 7.3(b). “Tax” or “Taxes” has the meaning specified in Section 14.1. “Term” has the meaning specified in Section 3.1. “Term Credit Agreement” means the Initial Credit Agreement or Subsequent Term Credit Agreement. “Termination Amount” means, without duplication, the total net amount owed by one Party to the other Party upon termination of this Agreement under Section 19.2(a). “Termination Date” has the meaning specified in Section 19.1. “Termination Date Purchase Value” means, with respect to the Termination Date Volumes, initially the Estimated Termination Date Value until the Definitive Termination Date Value has been determined and thereafter the Definitive Termination Date Value (as such terms are defined in the form of the Step-Out Inventory Sales Agreement. “Termination Date Volumes” has the meaning specified in Section 19.1(d). 14 “Termination Holdback Amount” has the meaning specified in Section 19.2(b). “Third Party Supplier” means any seller of Crude Oil under a Procurement Contract (other than the Company or any Affiliate of the Company). “Transaction Document” means any of this Agreement, the Marketing and Sales Agreement, the Inven...

Storage Facilities Agreement means the storage facilities agreement, in form and substance mutually agreeable to the Parties, to be dated as of the Commencement Date, between LW, certain of its Affiliates and Macquarie, pursuant to which (i) Fuels or LW and its Affiliates have granted to Macquarie an exclusive right (assignable by Macquarie to the SIP in accordance with the terms thereof) to use the Crude Storage Tanks and Included Product Tanks (to the extent that such exclusive right can be granted) in connection with this Agreement, and (ii) the SIP would have the right as a third party beneficiary to utilize certain storage facilities where the SIP holds title to certain Products and the right (obtained by partial assignment to the SIP of certain rights under such storage facilities agreement)to use Included Product Tanks, in connection with the liquidation by Macquarie of its ownership of Products upon the occurrence of certain specified closeout events under the SIP-Macquarie Products Sales and Purchase Agreement.

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