Vertex Refining definition

Vertex Refining means Vertex Refining Alabama, LLC, a Delaware limited liability company, as debtor and debtor-in-possession. Loan and Security Agreement – Vertex Refining Alabama LLC Exhibit A Form of Interim DIP Order [See proposed Interim DIP Order attached to DIP Motion] Senior Secured Super-Priority Debtor-In-Possession Loan and Security Agreement – Vertex Refining Alabama LLC Exhibit B-1 Form of Borrower Joinder THIS BORROWER JOINDER AGREEMENT NO. ___ (this “Agreement”), dated as of [___________], [___], to that certain Senior Secured Super-Priority Debtor-In-Possession Loan and Security Agreement, dated as of September 25, 2024, as may be amended from time to time (hereinafter referred to as the “Loan Agreement”) by and among Vertex Energy, Inc., a Nevada corporation (“Parent”), Vertex Refining Alabama LLC, a Delaware limited liability company (the “Borrower”), each of Parent’s direct and indirect subsidiaries from time to time party thereto, Cantor Fitzgerald Securities, as agent (the “Agent”) and the several lenders from time to time party thereto (collectively, the “Lenders”). Capitalized terms used herein but not otherwise defined shall have the meanings provided in the Loan Agreement. The undersigned, ______________a [●] [corporation/limited liability company] (the “Additional Borrower”) wishes to become a party to the Loan Agreement and to acquire and undertake the rights and obligations of a “Borrower” thereunder. The Additional Borrower is entering into this Agreement in accordance with the provisions of the Loan Agreement in order to become a Borrower thereunder. Accordingly, the Additional Borrower and the other Loan Parties hereby agree as follows with the Agent, for the benefit of the Secured Parties:

Vertex Refining means Vertex Refining Alabama, LLC, a Delaware limited liability company, as debtor and debtor-in-possession.

Vertex Refining has the meaning set forth in the preamble.

Examples of Vertex Refining in a sentence

• LESSEE Vertex Refining NV, LLC: By: Vertex Energy Operating, LLC Its: Sole Member By: /s/ Xxxxxxxx X.

• The exact legal names of the entities entering into Negative Pledge Agreements with the Lender are as follows: E-Source Holdings, LLC ( "E-Source"), Vertex Refining OH, LLC ("Vertex Ohio") and Vertex Refining NV, LLC ("Vertex Nevada") (E-Source, Vertex Ohio and Vertex Nevada are hereinafter collectively referred to as the "Affiliate").

• To the extent that any insurance procured by Macquarie is duplicative with insurance procured by the Company or Vertex Refining, the insurance procured by the Company or Vertex Refining, as applicable, shall the secondary policy in respect of such Permitted Feedstock or Renewable Products.

• Xxxxxx 2012 GRAT U/A dated April 17, 2012 (collectively, the “Xxxxxx GRATs”) of $1,500,000 of Capital Stock on or about the First Amendment Effective Date and the issuance by Holdings of warrants to the Xxxxxx GRATs in connection therewith, the proceeds of which shall be contributed by Holdings to Vertex Refining OH, and (f) transactions described in Schedule 7.15.

• Pursuant to an Asset Purchase Agreement dated as of March ___, 2014 (the "Purchase Agreement") by and among Vertex Energy, Inc., a Nevada corporation, Vertex Refining LA, LLC, a Louisiana limited liability company, Assignee, Omega Refining, LLC, a Delaware limited liability company, Assignor and Omega Holdings Company LLC, a Delaware limited liability company, Assignee has agreed to purchase certain assets from Assignor, including the Assigned Trademarks (as defined below).

• Seller and Buyer are parties to that certain Asset Purchase Agreement made and entered into effective as of March ___, 2014 by and among Vertex Energy, Inc., a Nevada corporation, Vertex Refining LA, LLC, a Louisiana limited liability company, Buyer, Omega Refining, LLC, a Delaware limited liability company, Seller, and Omega Holdings Company LLC, a Delaware limited liability company, for certain purposes described therein (the "Purchase Agreement").

• In addition, the Supply and Offtake Agreement also requires that Vertex Refining post and maintain cash collateral (in the form of an independent amount) as security for Vertex Refining’s obligations under the Supply and Offtake Agreement and the related transaction documents.

• The Company agrees to pay commissions to Xxxxxxx for the 2015 Commission Year, calculated at 15% of the Commission Year's "Adjusted Gross Margin" on the Vertex Refining and Marketing book of business managed by Xxxx Xxxxxxx (the “Earned Bonus Commission”).

• For the avoidance of doubt, Buyer will assign this agreement at Closing to its wholly owned subsidiary, Vertex Refining Alabama LLC, a Delaware limited liability company (“VRA”), whereafter VRA will assume and agree to perform all of Buyer’s covenants and agreements set forth herein, provided, however, that notwithstanding such assignment Buyer shall remain primarily liable for its covenants and agreements hereunder.

• Xxx, President If to Lessee: Vertex Refining NV, LLC c/o Vertex Energy, Inc.

More Definitions of Vertex Refining

Vertex Refining means Vertex Refining Alabama LLC, a Delaware limited liability company, located at 1000 Xxxxxx Xx Xxx 000, Xxxxxxx, Xxxxx, XX 00000-0000 Xxxxxx Xxxxxx.

Vertex Refining means Vertex Refining Alabama, LLC, a Delaware limited liability company, as debtor and debtor-in-possession. EXHIBIT D Intermediation Facility Term Sheet Indicative and Preliminary Terms and Conditions for a proposed Amended and Restated Supply and Offtake Agreement (the “SOA”) between Macquarie Energy North America Trading, Inc. (“Macquarie”) and Vertex Refining Alabama LLC (“Vertex”) This non-binding indicative term sheet is for discussion purposes only and contains only the general terms of a potential transaction. Any pricing or other economic or substantive terms contained in this term sheet are indicative only and, together with all other terms and conditions set forth herein, are subject to change. The contents of this document are not an offer to provide financing or otherwise lend money or provide commodities or hedging. Any future commitment will be subject to and contingent upon receipt of all Macquarie internal approvals, including each of Macquarie Bank Limited’s Risk Management Group, Executive Committee and Board of Directors, and all necessary external approvals required by Macquarie and approval by Macquarie’s counsel of the form and substance of all facility documentation. All approvals are at Macquarie’s absolute discretion. Neither party is under any obligation whatsoever (legal or otherwise) to conclude a transaction, whether by virtue of this non-binding indicative term sheet or otherwise. Any written or oral communications not ultimately included in a definitive written agreement may not be relied upon by either party as the basis for taking any action, foregoing any opportunity or incurring any costs, and would not create any obligations whatsoever on the part of either of the parties. This term sheet is proffered in the nature of a settlement proposal in furtherance of settlement discussions. Accordingly, the information contained herein is entitled to protection from any use or disclosure to any party or pursuant to Rule 408 of the Federal Rules of Evidence and any other applicable rule, statute, or doctrine of similar import protecting the use or disclosure of confidential settlement discussions.