Common use of Applicable Term Clause in Contracts

Applicable Term. This Agreement shall be in full force and effect on and from the date hereof and shall continue for the Applicable Term as to each Related Refinery Owner and Relevant Asset Owner for a term that is coterminous with the Master Lease and Access Agreement between such Related Refinery Owner and the Relevant Asset Owner such that if the Applicable Term in the Master Lease and Access Agreement is terminated or expires for any reason, this Agreement shall also be deemed to have terminated with respect to such Related Refinery Owner and Relevant Asset Owner on the same date of the termination or expiration of the Master Lease and Access Agreement.