Delivery of Crude Oil Sample Clauses

Delivery of Crude Oil. (a) Seller agrees to deliver to Purchaser, and Purchaser agrees to accept delivery from Seller of, in each Delivery Month at the Delivery Location, the Required Delivery Quantity of Crude Oil required to be delivered hereunder in such Delivery Month.
Sample 1
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Delivery of Crude Oil. As of August 31, 1996, 1,452,000 barrels (in barrels of WTI) will have been delivered under the Instruments at an average WTI Reference Price of $20.03 per barrel (after deduction of the marketing fee of $0.25 per barrel)
Sample 1
Delivery of Crude Oil. TPAO and PEMI shall determine the amount and average API value per barrel of the Crude Oil off-loaded to Storage Tanks at AP2 station in each off-loading month according to ASTM standards and this information shall be recorded in the Crude Oil off-loading records. TPAO shall deliver the Crude Oil to the Batman TÜPRAŞ Refinery or if it is not operating it shall deliver the Crude Oil to the TÜPRAŞ on sea tanker at Dörtyol BOTAŞ terminal. The parties accept that Crude Oil will be delivered to Batman TÜPRAŞ Refinery and/or loaded to sea tanker at Dörtyol terminal at the month following the off-loading 10-PAYMENTS FOR API AND SWAP ARRANGEMENT TPAO shall deliver Net Delivery Amount received at Bati Raman AP2 Station to TUPRAS at Batman Tüpraş Refinery and/or Dörtyol on behalf of PEMI, and shall demand payment for delivery on the basis of the Batman-Dörtyol transfer tariff and US cents 40/bbl (excluding VAT) fee covering weighing of the road tanker at AP2 station, sample analysis, off-loading the road tanker, allocation of Storage Tanks and transportation of Crude Oil to Batman BOTAS and this payment shall be referred to as the “Process Price”. The gravity of crude oil carried at BOTAS pipeline will be taken into account for the calculation of Process Fee but the discount for crude oil with gravity higher than 32 API shall not be applied. This cost shall be submitted to PEMI with a TPAO invoice at the month following off-loading. PEMI shall pay TPAO the process price within 5 business days following the submission of the original invoice At the month following the delivery to TUPRAS, PEMI shall submit an invoice for “The API Variation” to TPAO for the API difference between AP2 station and delivery to TÜPRAŞ. TPAO shall pay PEMI the value of invoice within 5 business days following the submission of the original invoice issued by PEMI to TPAO. The basis for calculating the invoices [for this and any related agreements] shall be the Total Crude Oil Off-loading Record for the month of delivery at AP2. Parties agreed on the delivery of “Arpatepe” crude oil at AP2 station and will conduct a study in this regard Invoices shall be produced according to the USD exchange rates of the Turkish Central Bank. In case of late payment of invoices legal interest rate will be applied for each day of delay.
Sample 1
Delivery of Crude Oil. (a) Each of Seller and Purchaser shall take such actions as shall be necessary to properly nominate, schedule and confirm the delivery and receipt of Crude Oil subject to each Transaction at the relevant Delivery Location in each Delivery Month in compliance with applicable rules and regulations of the transporting Pipeline(s). To the extent the Delivery Location for a Transaction is on the Spearhead Pipeline, and unless Seller, Purchaser and the operator of the Spearhead Pipeline have agreed otherwise, Purchaser shall assign to Seller, and Seller shall assume and accept, Purchaser’s rights in the Crude Oil transportation tariff applicable to the Spearhead Pipeline and the associated portion of the Enbridge Pipeline that is located in the United States, such rights currently derived from CCPS Transportation, LLC’s (“CCPS”) Xxxxxx Xx. 00 on file with the Federal Energy Regulatory Commission, as supplemented, amended or replaced from time to time (the “CCPS Tariff”). Seller’s assignment and Purchaser’s assumption of the foregoing transportation rights shall be limited to the Batches involved in a Transaction and shall be evidenced by certificates acceptable as to form and substance by each of CCPS, Seller and Purchaser.
Sample 1
Delivery of Crude Oil. (a) Each of Seller and Purchaser shall take such actions as shall be necessary to properly nominate, schedule and confirm the delivery and receipt of Crude Oil subject to each Transaction at the relevant Delivery Location in each Delivery Month in compliance with applicable rules and regulations of the transporting Pipeline(s). Without limiting the foregoing, and to the extent the Delivery Location for a Transaction is on the Spearhead Pipeline, Seller shall assign to Purchaser, and Purchaser shall assume and accept, Seller's rights in the Crude Oil transportation tariff applicable to the Spearhead Pipeline and the associated portion of the Enbridge Pipeline that is located in the United States, such rights currently derived from CCPS Transportation, LLC’s (“CCPS”) Txxxxx Xx. 0 on file with the Federal Energy Regulatory Commission, as supplemented and/or amended from time to time (“Tariff No. 4”). Seller’s assignment and Purchaser's assumption of the foregoing rights shall be limited to the Batches involved in a Transaction and shall be evidenced by certificates acceptable as to form and substance by each of CCPS, Seller and Purchaser.
Sample 1
Delivery of Crude Oil. Delivery of Crude Oil by SELLER to BUYER shall be on the basis of FOB, subject to availability and allocations are made Sixty (60) days (M+2) in advance of the lifting date.
Sample 1

Related to Delivery of Crude Oil

  • Delivery of Products All shipments of Products shall be made either F.O.B. Destination or F.O.B. Shipping Point as designated in the Purchase Order.

  • Delivery of Units As soon as practicable after each surrender of Warrants in whole or in part on the Call Date and upon satisfaction of all other requirements described in the Warrants and in Section 1.1 hereof, the Warrant Agent shall instruct the Trustee to confirm that the transfer specified under the "Callable Series" provisions of Schedule I has occurred and to cause a distribution of Trust Property to the Warrantholder as an Optional Exchange taking into account Section 1.1(i) above, if applicable. A surrender of the Warrants shall be deemed to be a simultaneous surrender of the Class A Units and Class B Units acquired in exchange therefor. If such exercise is in part only, the Warrant Agent shall instruct the Trustee to authenticate new Warrants of like tenor, representing the outstanding Warrants of the Warrantholder and the Warrant Agent shall deliver such Warrants to the Warrantholder. In each case, the Trustee shall act in accordance with such instructions.

  • Delivery of Product (a) No later than the deadlines set forth in subsections (i) and (ii) below, Seller shall submit, or cause Seller’s SC(s) to submit:

  • Delivery of Contracts The Company has made available to Parent accurate and complete copies of all written Material Contracts identified in Part 2.11(a) of the Disclosure Schedule, including all amendments thereto. Part 2.11(b) of the Disclosure Schedule provides an accurate and complete description of the material terms of each Material Contract that is not in written form. Each Contract identified in Part 2.11(a) of the Disclosure Schedule is valid and in full force and effect, and is enforceable by the Company in accordance with its terms, subject to: (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors; and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

  • Delivery of the Property The Fund will deliver or arrange for delivery to PFPC Trust, all the Property owned by the Portfolios, including cash received as a result of the distribution of Shares, during the term of this Agreement. PFPC Trust will not be responsible for any assets until actual receipt.

  • Delivery of Closing Documents Seller shall have delivered or caused to be delivered to Buyer on the Closing each of the Documents required to be delivered pursuant to Section 9.2.

  • Delivery of Cash For the avoidance of doubt, nothing in this Confirmation shall be interpreted as requiring Counterparty to deliver cash in respect of the settlement of this Transaction, except in circumstances where the required cash settlement thereof is permitted for classification of the contract as equity by ASC 815-40 (formerly EITF 00-19) as in effect on the Trade Date (including, without limitation, where Counterparty so elects to deliver cash or fails timely to elect to deliver Shares in respect of such settlement). For the avoidance of doubt, the preceding sentence shall not be construed as limiting (i) Paragraph 7(i) hereunder or (ii) any damages that may be payable by Counterparty as a result of breach of this Confirmation.

  • Delivery of Items The Borrower will (a) promptly (but in no event later than one Business Day) after its receipt thereof, deliver to the Lender any documents or certificates of title issued with respect to any property included in the Collateral, and any promissory notes, letters of credit or instruments related to or otherwise in connection with any property included in the Collateral, which in any such case come into the possession of the Borrower, or shall cause the issuer thereof to deliver any of the same directly to the Lender, in each case with any necessary endorsements in favor of the Lender and (b) deliver to the Lender as soon as available copies of any and all press releases and other similar communications issued by the Borrower.

  • DELIVERY OF PUT NOTICES (I) Subject to the terms and conditions of the Equity Line Transaction Documents, and from time to time during the Open Period, the Company may, in its sole discretion, deliver a Put Notice to the Investor which states the dollar amount (designated in U.S. Dollars) (the "Put Amount"), which the Company intends to sell to the Investor on a Closing Date (the "Put"). The Put Notice shall be in the form attached hereto as Exhibit C and incorporated herein by reference. The amount that the Company shall be entitled to Put to the Investor (the "Put Amount") shall be equal to, at the Company's election, either: (A) Two Hundred percent (200%) of the average daily volume (U.S. market only) of the Common Stock for the Ten (10) Trading Days prior to the applicable Put Notice Date, multiplied by the average of the three (3) daily closing bid prices immediately preceding the Put Date, or (B) two hundred fifty thousand dollars ($250,000). During the Open Period, the Company shall not be entitled to submit a Put Notice until after the previous Closing has been completed. The Purchase Price for the Common Stock identified in the Put Notice shall be equal to ninety-three percent (93%) of the lowest Volume Weighted Average Price (VWAP) of the Common Stock during the Pricing Period.

  • Delivery of Possession Landlord shall be deemed to have delivered possession of the Premises to Tenant on the Commencement Date, as it may be adjusted pursuant to the Workletter. Landlord shall construct or install in the Premises the improvements to be constructed or installed by Landlord according to the Workletter. If no Workletter is attached to this Lease, it shall be deemed that Landlord delivered to Tenant possession of the Premises "as is" in its present condition on the Commencement Date. Tenant acknowledges that neither Landlord nor its agents or employees have made any representations or warranties as to the suitability or fitness of the Premises for the conduct of Tenant's business or for any other purpose, nor has Landlord or its agents or employees agreed to undertake any alterations or construct any Tenant improvements to the Premises except as expressly provided in this Lease and the Workletter. If for any reason Landlord cannot deliver possession of the Premises to Tenant on the Commencement Date, this Lease will not be void or voidable, Landlord will not be liable to Tenant for any resulting loss or damage and the Term of this Lease shall not be extended by a delayed delivery of possession. The preceding sentence notwithstanding, if Landlord fails to deliver possession to Tenant within sixty (60) days after the Commencement Date for any reason other than a Delay Caused by Tenant, as defined in the Workletter, Tenant, as its sole remedy, shall have the right to terminate this Lease and receive a refund of all prepaid Rent and Security Deposits provided Tenant gives written notice of termination to Landlord within three (3) days after that date. Tenant will execute the Commencement Date Certificate attached to this Lease as Exhibit E, appropriately completed, within fifteen (15) days of Landlord's request.

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