Tank Maintenance definition

Tank Maintenance has the meaning specified in Section 9.5.
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Tank Maintenance has the meaning specified in Section 9.5(c). “Target Month-End Permitted Feedstock Volume” means the Target Month-End Permitted Feedstock Inventory Volume and Target Month-End Specified Company Locations Permitted Feedstock Volume, collectively, and for purposes of this definition: (1) “Target Month-End Permitted Feedstock Inventory Volume” means the commercially reasonably projected volume for Permitted Feedstock in the Included Permitted Feedstock Storage Tanks at the end of the Delivery Month set forth in a report provided monthly by the Company in a form acceptable to Macquarie, and reconciling to Permitted Feedstock purchases, run rates and sales for the applicable period. (2) “Target Month-End Specified Company Locations Permitted Feedstock Volume” means the commercially reasonably projected volume for Permitted Feedstock in the Specified Company Locations at the end of the Delivery Month set forth in a report provided monthly by the Company in a form acceptable to Macquarie, and reconciling to Permitted Feedstock purchases, run rates and sales for the applicable period. “Target Month-End Renewable Product Volume” means the Target Month-End Renewable Product Inventory Volume and Target Month-End Specified Company Locations Renewable Product Volume, collectively, and for purposes of this definition: (1) “Target Month-End Renewable Product Inventory Volume” means the commercially reasonably projected volume for Renewable Product in the Included Renewable Product Locations at the end of the Delivery Month set forth in a report provided monthly by the Company in a form acceptable to Macquarie, and reconciling to Renewable Product purchases, run rates and sales for the applicable period. (2) “Target Month-End Specified Company Locations Renewable Product Volume” means the commercially reasonably projected volume for Renewable Product in the Specified Company Locations at the end of the Delivery Month set forth in a report provided monthly by the Company in a form acceptable to Macquarie, and reconciling to Renewable Product purchases, run rates and sales for the applicable period.
Sample 1
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 Inventory Sales Agreement, the Storage Facilities Agreement, the Step-Out Inventory Sales Agreement, the Required Storage and Transportation Arrangements, the Prepaid Forward Confirmation, the Fee Letter and any other agreement or instrument contemplated hereby or executed in connection herewith, including any guarantees or other credit support documents as may be from time to time provided by the Company and/or its Affiliates. “Volume Determination Procedures” mean (a) in respect of determining the NSV of Crude Oil in the Crude Storage Tanks or Products in the Product Storage Tanks, the Company’s ordinary month-end procedures, which include manually gauging each Crude Storage Tank or Product Storage Tank on the last day of the month to ensure that the automated tank level readings are accurate to within a tolerance of two inches; provided that if the automated reading cannot be calibrated to be within such tolerance, the Company shall use the manual gauge reading in its calculation of month-end inventory and (b) in respect of determining the NSV of Crude Oil in the Included Crude Tanks, Products in the Included Product Tanks, or linefi...
Sample 1

Examples of Tank Maintenance in a sentence

  • The Company shall provide Xxxx with an initial estimate of the period of any Tank Maintenance and shall regularly update Xxxx as to the progress of such Tank Maintenance.

  • If, the Company determines that the expected completion date for Tank Maintenance has or is likely to change by thirty (30) days or more, it shall promptly notify Xxxx of such determination.

  • The Partnership shall provide the Company with an initial estimate of the period of any non-emergency Tank Maintenance and shall regularly update the Company as to the progress of such Tank Maintenance.

  • If the Partnership determines that the expected completion date for Tank Maintenance has or is likely to change by 30 days or more, it shall promptly notify the Company of such determination.

  • The Town Council approves the termination of Water Tank Maintenance Contract for Project Number 127464, Water Tank Maintenance Contract for Project Number 127465, and Water Tank Maintenance Contract for Project Number 127468, pursuant to the terms of the respective Contracts.

  • A copy of the “Holding Tank Maintenance Plan” and other important records must be maintained for reference.

  • Attn: Customer ServiceP.O. Box 1350Perry, Georgia 31069Re: Letter of Termination of Water Tank Maintenance Contract - Project #127464 Dear Sirs, We would like to regretfully inform you that the Town of Silver City is terminating the Water Tank Maintenance Contract for Project #127464 that was executed on the July 24, 2012.

  • Partially Resolved Issue:While the department clarified its policy on how incidents are to be recorded in TOMIS and staff implemented these policies, the department does not include sufficient information about incident reporting in statistical reports available to the general public and the General Assembly for readers to be able to properly and accurately analyze the information.

  • The Town Council approves the attached Letters of Termination for the aforesaid Water Tank Maintenance Contracts, concerning and for Project Number 127464, Project Number 127465, and Project Number 127468, and will do all acts necessary to carry out the intent of the Resolution, including the signing of the attached Letters of Termination.PASSED, APPROVED AND ADOPTED this 23rd day of March, 2021.

  • Fuel Tank Maintenance for DRPA/PATCO Bid Process - This purchase will be up for competitive bid in May 2009.Traffic Cones for DRPADRPA may exercise its 3rd year option inJune 2010.

Related to Tank Maintenance

  • Routine maintenance means actions performed on a regular or controllable basis or in response to uncontrollable events upon a highway, road, street, or bridge. Routine maintenance includes, but is not limited to, 1 or more of the following:

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, the Company is unable to provide prior notice of.

  • Major maintenance means the adjustment, repair or replacement of a component or module that could affect the accuracy of a measurement.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under Section 175A of the CAA, as amended.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Deferred Maintenance means improvements necessary for continued operations, which do not improve productivity or alter the process technology.

  • Operation and Maintenance Costs means the costs of:

  • Industrial maintenance coating means a high performance architectural coating, including primers, sealers, undercoaters, intermediate coats, and topcoats formulated for application to substrates, including floors, exposed to one or more of the following extreme environmental conditions listed below and labeled “For industrial use only;” “For professional use only;” “Not for residential use;” or “Not intended for residential use.”

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Preventative Maintenance means the routine, customary or regular course of procedure related to the care or upkeep of an existing Department facility or system, which may also include inspection services provided as part of a preventative maintenance program. Preventive maintenance is conducted to keep equipment working and/or extend the life of the equipment.

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • Preventive Maintenance means that maintenance, performed on a scheduled basis by the Contractor, which is designed to keep the Equipment in proper operating condition.

  • Period of Maintenance means the specified period of maintenance from the date of completion of the works, as certified by the Engineer.

  • maintenance order , in relation to a court, means an order made by a court —

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production.

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • Support and Maintenance Services means the support and maintenance services described in Section 1 of these Support Terms.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Maintenance Window means the weekly maintenance windows for the Cloud Service identified in xxxxx://xxxxxxx.xxx.xxx/maintenance-windows. SAP may update the Maintenance Window from time to time in accordance with the Agreement.

  • Maintenance Services means SAP’s then-current maintenance and/or support services offered under and described in detail in the applicable SAP PartnerEdge Model.