Common use of Critical Accounting Policies Clause in Contracts

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Significant Judgments and Estimates” set forth or incorporated by reference in the Registration Statement and Prospectus accurately and fully describes in all material respects (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); and (ii) the judgments and uncertainties affecting the application of Critical Accounting Policies.

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Significant Judgments and EstimatesPolicies” set forth or incorporated by reference in the Registration Statement Statement, the Disclosure Package and the Prospectus accurately and fully describes in all material respects (i) the accounting policies that the Company Partnership believes are the most important in the portrayal of the CompanyPartnership’s and its subsidiaries’ financial condition and results of operations and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); and , (ii) the judgments and uncertainties affecting the application of Critical Accounting PoliciesPolicies and (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Significant Judgments and Estimates” set forth or incorporated by reference in the Registration Statement and most recent Preliminary Prospectus accurately and fully describes in all material respects (i) the accounting policies that the Company Partnership believes are the most important in the portrayal of the CompanyPartnership’s financial condition and results of operations and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); and (ii) the judgments and uncertainties affecting the application of Critical Accounting Policies; and (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Significant Judgments and Estimates” set forth or incorporated by reference in the Registration Statement Preliminary Offering Memorandum contained in the Pricing Disclosure Package and Prospectus the Offering Memorandum accurately and fully describes in all material respects (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”)judgments; and (ii) the judgments and uncertainties affecting the application of Critical Accounting Policiescritical accounting policies; and (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Significant Judgments and Estimates” set forth or incorporated by reference in the Registration Statement and Prospectus most recent Preliminary Offering Memorandum accurately and fully describes in all material respects (i) the accounting policies that the Company Partnership believes are the most important in the portrayal of the CompanyPartnership’s financial condition and results of operations and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); and (ii) the judgments and uncertainties affecting the application of Critical Accounting Policies; and (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Operations - Critical Accounting Policies and Significant Judgments and Estimates” set forth or incorporated by reference in into the Registration Statement Statement, Prospectus and any Permitted Free Writing Prospectus accurately and fully describes in all material respects (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); and (ii) the judgments and uncertainties affecting the application of Critical Accounting Policies; and (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.

Critical Accounting Policies. The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Significant Judgments and EstimatesPolicies” set forth or incorporated by reference in the Registration Statement and most recent Preliminary Prospectus accurately and fully describes in all material respects (iA) the accounting policies that the Company believes and the Valero MLP Parties believe are the most important in the portrayal of the Company’s financial condition and results of operations of the Company and the Valero MLP Parties, and that require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); and (iiB) the judgments and uncertainties affecting the application of Critical Accounting Policies; and (C) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.