Tank Heels definition

Tank Heels consist of the minimum quantity of Product which either (a) must remain in a tank during all periods when the tank is available for service to keep the tank in regulatory compliance or (b) is necessary for physical operation of the tank.
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Tank Heels means the greater of: a) volume of Product below the lowest suction in a tank, unless the tank is equipped with a regular side entry pipe in which case “Tank Heels” means the volume below the middle of the lowest suction in such tank, or b) the volume required to safely float a roof in a floating roof tank.
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Tank Heels means the volume of Products below the lowest suction in a tank, unless the tank is equipped with a regular side entry pipe in which case “Tank Heels” means the volume below the middle of the lowest suction in such tank.
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Examples of Tank Heels in a sentence

  • Tank Heels cannot be withdrawn from any Tank without prior approval of TLO.

  • TRMC shall be responsible for maintaining all Tank Heels required for operation of the Tanks.

  • Customer shall, upon expiration or termination of this Agreement, promptly remove all of its Products including any downgraded and interface Product and Transmix from the Terminal, and TLO shall remove the remaining Tank Heels and tank bottoms and deliver them to Customer or Customer’s designee, within thirty (30) days of such termination or expiration.

  • Unless otherwise mutually agreed by the Parties, within thirty (30) days of the termination or expiration of this Agreement, (i) TRMC shall promptly remove all of its removable Products from the Storage Facility and (ii) TLO shall remove the remaining Tank Heels and tank bottoms and deliver them to TRMC or TRMC’s designee.

  • TRMC shall, upon expiration or termination of this Agreement, promptly remove all of its Products including any downgraded and interface Product and Transmix from the Terminals, and TLO shall remove the remaining Tank Heels and tank bottoms and deliver them to TRMC or TRMC’s designee, within thirty (30) days of such termination or expiration.

  • Such new Tank Heels will be purchased by Seller pursuant to the provisions of Clause 5(j)(ii)(1), with the volume of such new Tank Heels treated as an interim purchase by Seller and will be subject to Clauses 5(j) and 25 at the TH Conclusion Date and at termination of the Agreement.

  • The Inventory Schedule will be subject to the approval of the Inventory Committee, and shall indicate the following for each tank to be inventoried: • Storage tank location, tank number, tank type, size, capacity (shell and working); • Status at closing (active or inactive); • Product stored including classification as sweet, sour, type of crude, etc.; • Tank reference gauge height; • Method of Tank gauging (ullage or innage) based on the Tank calibration table; and • Tank Heels (volume).

  • If there will be a net reduction in the Tank Heel volume following such operations Buyer shall purchase such reduction quantity of Tank Heel volume pursuant to the terms of Clause 5(j)(ii)(2), with the volume of such Tank Heels purchase being treated as an interim purchase by Buyer.

  • Any Oil and Indigenous Feedstock, other than the IF Staring Volume and Tank Heels, which are addressed by subclauses (2) and (3) below, both in-tank and in transit will be sold back to Buyer at the appropriate fully Delivered ex-tank price pursuant to this Agreement, including any accrued TVM Payment charge.

  • Any Oil and Feedstock, other than Tank Heels, which is addressed by subclause (2) below, both in-tank and in transit will be sold back to Buyer at the appropriate fully Delivered ex-tank price pursuant to this Agreement, including any accrued TVM Payment charge.

Related to Tank Heels

  • Tank means a stationary device, designed to contain an accumulation of hazardous waste which is constructed primarily of non-earthen materials (e.g., wood, concrete, steel, plastic) which provide structural support.

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • Tank vehicle means a commercial motor vehicle that is designed to transport any liquid or gaseous materials within a tank or tanks having an individual rated capacity of more than one hundred nineteen gallons and an aggregate rated capacity of one thousand gallons or more that is either permanently or temporarily attached to the vehicle or chassis. A commercial motor vehicle transporting an empty storage container tank not designed for transportation with a rated capacity of one thousand gallons or more that is temporarily attached to a flatbed trailer is not considered a tank vehicle.

  • Tank wagon means a straight truck having 1 or more compartments other than the fuel supply tank designed or used to carry motor fuel.

  • Recycled water or “reclaimed water” means treated or recycled waste water of a quality suitable for non-potable uses such as landscape irrigation and water features. This water is not intended for human consumption.