Xxxx Procurement Contract definition

Xxxx Procurement Contract means a procurement contract entered into by Xxxx for the purchase or sale of Crude Oil to be processed or sold at the Refinery, which may be (i) a contract with any Third Party Supplier or third party purchaser of Crude Oil (other than the Company or an Affiliate of the Company) or a contract with the Company (or an Affiliate of the Company) or such other contract to the extent the Parties deem such contract to be an Xxxx Procurement Contract for purposes hereof or (ii) a contract with the Company entered into pursuant to Section 5.3(g)(i) which shall provide for the purchase by Xxxx from the Company of Crude Oil delivered to Xxxx at the Crude Intake Point.
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Xxxx Procurement Contract has the same meaning as Procurement Contract.
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Xxxx Procurement Contract means a procurement contract entered into by Xxxx for the purchase or sale of Crude Oil to be processed or sold at the Refinery, which may be (i) a contract with any Third Party Supplier or third party purchaser of Crude Oil (other than the Company or an Affiliate of the Company) or a contract with the Company (or an Affiliate of the Company) or such other contract to the extent the Parties deem such contract to be an Xxxx Procurement Contract for purposes hereof or (ii) a contract with the Company entered into pursuant to Section 5.3(g)(i) which shall provide for the purchase by Xxxx from the Company of Crude Oil delivered to Xxxx at the Crude Intake Point; provided that any transaction entered into under the Master Agreement shall not constitute an Xxxx Procurement Contract or otherwise result in a transaction subject to this Agreement. The term “Xxxx Procurement Contract” includes any LC Related Xxxx Procurement Contract.
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Examples of Xxxx Procurement Contract in a sentence

  • In the event of a dispute, Xxxx will provide, to the extent legally and contractually permissible, to the Company, a copy of the Xxxx Procurement Contract in question.

  • The Company may negotiate with any such Third Party Supplier regarding the price and other terms of such potential additional Xxxx Procurement Contract.

  • If any change occurs in the quantity, grade or delivery terms of the Refinery Procured Barrels that the Company expects to procure for delivery during such month, the Company shall promptly advise Xxxx of such change and the related Xxxx Procurement Contract shall be modified accordingly.

  • Should any Contract Nomination not be accepted by any Third Party Supplier under an Xxxx Procurement Contract, Xxxx shall promptly advise the Company and use commercially reasonable efforts with the Company and such Third Party Supplier to revise the Contract Nomination subject to the terms of any such Xxxx Procurement Contract.

  • The Company acknowledges that the confirmation of an Xxxx Procurement Contract with a Third Party Supplier may be effected by Exchanged Confirmations.

  • The Company shall have no authority to bind Xxxx to, or enter into on Aron’s behalf, any additional Xxxx Procurement Contract or Procurement Contract Assignment, and the Company shall not represent to any third party that it has such authority.

  • If any Xxxx Procurement Contract is a term contract pursuant to which Xxxx may, from time to time, nominate a shipment by a Nomination Cutoff Date for expected delivery during a designated month, Xxxx will apprise the Company of such timing requirements relating to such Nomination Cutoff Date.

  • With respect to each shipment under an Xxxx Procurement Contract that the Company desires be delivered by a specified Delivery Month, the Company shall notify Xxxx of such shipment at least 15 Business Days prior to the first applicable Nomination Cutoff Date for such month, if any (each, a “Shipment Notification”).

  • Notwithstanding the foregoing, Xxxx shall not reject any such offer to enter into an Xxxx Procurement Contract with any counterparty based solely on the fact that such offer was presented to it by the Company hereunder where, at such time, Xxxx would otherwise have transacted with such counterparty on such terms and under all other applicable policies and limitations.

  • As a condition to entering into any proposed Xxxx Procurement Contract, Xxxx shall have received a duly delivered trade ticket stating the quantity, grade and delivery terms of such Crude Oil expected to be delivered under such Xxxx Procurement Contract.


More Definitions of Xxxx Procurement Contract

Xxxx Procurement Contract has the meaning specified in the Supply and Offtake Agreement.
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Related to Xxxx Procurement Contract

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Management Contract means the contract executed between the treasurer and a program manager.

  • Client Contract means a futures or option contract between us and you, which is matched by an identical Contract;

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Replacement Contractor means any third party service provider appointed by the Authority to supply any services which are substantially similar to any of the Services and which the Authority receives in substitution for any of the Services following the expiry, termination or partial termination of the Contract.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Services Contract means an agreement for the provision of Services entered into with a Provider by one or more of the Partners in accordance with the relevant Individual Scheme. Service Users means those individual for whom the Partners have a responsibility to commission the Services. SOSH means the Secretary of State for Health.

  • Cost-reimbursement contract means a contract under which a contractor is

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Procurement item means an item of personal property, a technology, a service, or a construction project.

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Mis-procurement means public procurement in contravention of any provision of Sindh Public Procurement Act, 2010, any rule, regulation, order or instruction made thereunder or any other law in respect thereof, or relating to, public procurement;

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Home improvement contract means an oral or written

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Procurement Guidelines means the “Guidelines: Procurement under IBRD Loans and XXX Credits” published by the Bank in May 2004 and revised in October, 2006.

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.