Common use of Storage Facilities Clause in Contracts

Storage Facilities. (a) Seller will, as of the Effective Date and during the term of this Agreement, have (i) the sole and exclusive right to store Oil and Feedstock in the Storage Facilities pursuant to the terms and conditions of this Agreement and Xxxxxxxx 0 xxxxxxxx xxxxxx, (xx) the right to access the Storage Facilities to add or remove Oil and Feedstock, and (iii) the right to label the Storage Facilities, subject to Buyer’s reasonable approval, in such a manner as to put third parties on notice of Seller’s rights in such tanks and the Oil and Feedstock stored therein. If at anytime Seller elects to remove its Oil and/or Feedstock, Buyer shall provide access to all of the Refinery’s necessary equipment and all assistance reasonably required to complete such removal.

Appears in 3 contracts

Samples: Delivery and Services Agreement (PBF Energy Inc.), Delivery and Services Agreement (PBF Energy Inc.), Intercreditor Agreement (PBF Energy Inc.)

AutoNDA by SimpleDocs

Storage Facilities. (a) Seller will, as of the Effective Delivery Commencement Date and during the term of this Agreement, have (i) the sole and exclusive right to store Oil and Feedstock in the Storage Facilities pursuant to the terms and conditions of this Agreement and Xxxxxxxx 0 xxxxxxxx xxxxxx, (xx) the right to access the Storage Facilities to add or remove Oil and Indigenous Feedstock, and (iii) the right to label the Storage Facilities, subject to Buyer’s reasonable approval, in such a manner as to put third parties on notice of Seller’s rights in such tanks and the Oil and Feedstock stored therein. If at anytime Seller elects to remove its Oil and/or Indigenous Feedstock, Buyer shall provide access to all of the Refinery’s necessary equipment and all assistance reasonably required to complete such removal.

Appears in 3 contracts

Samples: Delivery and Services Agreement (PBF Energy Inc.), Delivery and Services Agreement (PBF Energy Inc.), Intercreditor Agreement (PBF Energy Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.