SUMF Assets means those assets of the Supplier directly used in the provision of SUMF;
SUMF Assets shall have the meaning ascribed to such term in the Site Services Agreement.
SUMF Assets means the systems and facilities located at the Refinery Site that are used in or necessary for the provision of the SUMF Items to Delek Logistics pursuant to this Agreement. The SUMF Assets shall include any Connection Facilities.
Examples of SUMF Assets in a sentence
Subject to Article 8, Delek Refining shall be responsible for operating and maintaining the SUMF Assets, at its sole cost and expense, in accordance with Standard Operating Practice.
Subject to Article 8, Lion shall be responsible for operating and maintaining the SUMF Assets, at its sole cost and expense, in accordance with Standard Operating Practice.
Except for any capital improvement project proposed by Delek Marketing under Article 6 or undertaken by Delek Marketing under Article 5, Delek Refining shall be responsible for all costs and expenses of any capital improvements to, or acquisitions of additional, SUMF Assets.
Except for any capital improvement project proposed by Delek Logistics under Article 6 or undertaken by Delek Logistics under Article 5, Lion shall be responsible for all costs and expenses of any capital improvements to, or acquisitions of additional, SUMF Assets.
Upon notice by Lessee to Lessor, Lessor and Lessee shall use commercially reasonable efforts to cause the Premises and the Relevant Assets (including all Additional Improvements but excluding Shared Access Facilities and any SUMF Assets) to be separately assessed for purposes of Taxes as soon as reasonably practicable following the Commencement Date (to the extent allowed by applicable Law).
More Definitions of SUMF Assets
SUMF Assets means those assets (including all ancillary equipment specifically attributable to these assets and excluding common facilities used for other purposes) of the Supplier directly or indirectly used in the provision of SUMF;
SUMF Assets means the systems and facilities located at the Refinery Complex that are used in or necessary for the provision of the SUMF Items to Cheyenne Logistics pursuant to this Agreement. The SUMF Assets shall include any Connection Facilities.
SUMF Assets has the meaning set forth in the Site Services Agreement. “Taxes” has the meaning set forth in Section 6.1. “Term” has the meaning set forth in Section 2.1. “Third Party” means а Person which is not (а) Lessor or an Affiliate of Lessor, (b) Lessee or an Affiliate of Lessee or (c) a Person that, after the signing of this Lease, becomes a successor entity of Lessor, Lessee or any of their respective Affiliates. An employee of Lessor or Lessee shall not be deemed an Affiliate. “Third-Party Claim” has the meaning set forth in Section 10.3. “Throughput Agreement” means the Throughput and Tаnkаge Agreement (Tyler Terminal and Tankage) by and between Lessor and Lessee dated as of the date hereof.
SUMF Assets means those assets (including all ancillary equipment specifically attributable to these assets and excluding common facilities used for other purposes) of the Supplier directly or indirectly used in the provision of SUMF; “SUMF Charge(s)” or “Charge(s)” means the charge(s) to be paid by the Purchaser to the Supplier for each SUMF Item in accordance with Article 5 and Article 6; “SUMF Item” or “Item of SUMF” means any part of SUMF; “Supplier” means the party who supplies or operates a particular SUMF Item; “Tax” means all forms of taxation, duties, levies, imposts and other similar impositions of any jurisdiction (whether central, regional or local), and any payment which a Party may be or become bound to make to any tax authority as the result of the operation of any enactment or other law relating to any of them or resulting from failure to comply with the provisions of any law relating to any of them; “Third-Party” means any person or company other than the Supplier, the Purchaser or their respective Affiliates; “Third -Party Claim” means any claim for Loss or Damage initiated by a Third Party against an Indemnified Party; “USD” or “US$” or “$” or “US Dollar(s)” or “Dollar(s)” means US Dollar, the lawful currency of the United States of America; “User” or "Users" means any company, entity, division, or business unit (including divisions and business units of the Supplier and its Affiliates) to which SUMF or its equivalent is furnished by the Supplier at the Site; “Variable Costs” means those operating costs, without duplication of any Direct Site Cost, incurred at the Site by Supplier in providing SUMF which vary primarily based on consumption, usage or production, and which charges are reconcilable with the cost accounting system of the Supplier existing as of the Effective Date and as from time to time modified by Supplier (if applied to the entire Site), including the costs of air, cooling water, fuel, nitrogen, process materials, steam and applicable taxes, but not depreciation; and “Willful Misconduct” means an intentional act or omission which is in disregard of (a) a known risk or a risk so obvious that it cannot be said one was truly unaware of it and (b) a risk so great that it is highly probable that harm will follow.
SUMF Assets means the systems and facilities located at the Refinery Site that are used in or necessary for the provision of the SUMF Items to Delek Logistics pursuant to this Agreement. The SUMF Assets shall include any Connection Facilities. “SUMF Failure” has the meaning set forth in Section 3.1(b). “SUMF Items” has the meaning set forth in the recitals. “Term” has the meaning set forth in Section 10.1. “Terminal and Tankage Lease and Access Agreement” has the meaning set forth in the recitals. “Third Party” means any Person other than Lion, Delek Logistics or their respective Affiliates. “Throughput Agreement” means the Throughput and Tankage Agreement (El Dorado Terminal and Tankage) by and between Lion and Delek Logistics dated as of February 10, 2014, as amended, supplemented or restated from time to time. “Throughput and Rail Offloading Agreements” means the Throughput Agreement and the Rail Offloading Agreement.
SUMF Assets means the systems and facilities located at the Refinery Site that are used in or necessary for the provision of the SUMF Items to Delek Marketing pursuant to this Agreement. The SUMF Assets shall include any Connection Facilities. “SUMF Failure” has the meaning set forth in Section 3.1(b). “SUMF Items” has the meaning set forth in the recitals. “Tankage Agreement” means the Tankage Agreement (Tyler Crude Storage Tank 701) by and between Delek Refining and Delek Marketing dated as of the date hereof. “Term” has the meaning set forth in Section 10.1. “Third Party” means any Person other than Delek Refining, Delek Marketing or their respective Affiliates. “Throughput Agreement” means the Throughput and Tankage Agreement (Tyler Terminal and Tankage) by and between Delek Refining and Delek Marketing dated as of July 26, 2013. “Throughput and Tankage Agreements” means the Throughput Agreement and the Tankage Agreement.
SUMF Assets means the systems and facilities located at the Refinery Site that are used in or necessary for the provision of the SUMF Items to Delek Logistics pursuant to this Agreement. The SUMF Assets shall include any Connection Facilities. “SUMF Items” has the meaning set forth in the recitals. “Term” has the meaning set forth in Section 10.1. “Third Party” means any Person other than Lion, Delek Logistics or their respective Affiliates. “Throughput Agreement” means the Throughput and Tankage Agreement (El Dorado Terminal and Tankage) by and between Lion and Delek Logistics dated as of the date hereof.