Designated Assignment Sample Clauses

Designated Assignment. For a period from and including the Effective Date to the Expiration Date (the “Designation Period”), Lion hereby assigns to ▇. ▇▇▇▇ all of Lion’s rights to use, hold Materials in, and transport Materials through, the Tankage and the Terminal pursuant to this Agreement, subject to additional terms and conditions of this Section 22. During the Designation Period, Logistics shall note in their records and account separately for ▇. ▇▇▇▇’▇ ownership of Materials held in or transported through the Tankage and the Terminal (collectively, the “▇. ▇▇▇▇ Materials”) until such time as ▇. ▇▇▇▇ shall notify Logistics in writing that ownership in such ▇. ▇▇▇▇ Materials has been transferred from ▇. ▇▇▇▇ to Lion, it being the intention that Logistics shall not be required to recognize any other transfers of ownership of any ▇. ▇▇▇▇ Materials (other than transfers from ▇. ▇▇▇▇ to Lion) unless such transfer and recognition are agreed to in writing by Logistics in its reasonable discretion. Lion shall act as ▇. ▇▇▇▇’▇ sole agent for all purposes of this Agreement, and Logistics shall be entitled to follow Lion’s instructions with respect to any ▇. ▇▇▇▇ Materials that are transported, stored or handled by Logistics pursuant to this Agreement unless and until Logistics is notified by ▇. ▇▇▇▇ in writing that Lion is no longer authorized to act as ▇. ▇▇▇▇’▇ agent, in which case Logistics’ shall thereafter follow the instructions of ▇. ▇▇▇▇ (or such other agent as ▇. ▇▇▇▇ may appoint) with respect to all ▇. ▇▇▇▇ Materials that are transported, stored or handled by Logistics pursuant to this Agreement. All volumes shipped by ▇. ▇▇▇▇ will be taken into account in the determination of whether Lion has satisfied its Minimum Throughput Commitment.

Designated Assignment. For a period from and including the Effective Date to the Expiration Date (the “Designation Period”), Customer hereby assigns to ▇. ▇▇▇▇ all of Customer’s rights to use, hold Products in, and transport Products through, the Asphalt Facilities pursuant to this Agreement, subject to additional terms and conditions of this Article XXVI. During the Designation Period, Owner shall note in its records and account separately for ▇. ▇▇▇▇’▇ ownership of Products held in or transported through the Asphalt Facilities (collectively, the “▇. ▇▇▇▇ Materials”) until such time as ▇. ▇▇▇▇ shall notify Owner in writing that ownership in such ▇. ▇▇▇▇ Materials has been transferred from ▇. ▇▇▇▇ to Customer, it being the intention that Owner shall not be required to recognize any other transfers of ownership of any ▇. ▇▇▇▇ Materials (other than transfers from ▇. ▇▇▇▇ to Customer) unless such transfer and recognition are agreed to in writing by Owner in its reasonable discretion. Customer shall act as ▇. ▇▇▇▇’▇ sole agent for all purposes of this Agreement, and Owner shall be entitled to follow Customer’s instructions with respect to any ▇. ▇▇▇▇ Materials that are transported, stored or handled by Owner pursuant to this Agreement unless and until Owner is notified by ▇. ▇▇▇▇ in writing that Customer is no longer authorized to act as ▇. ▇▇▇▇’▇ agent, in which case Owner shall thereafter follow the instructions of ▇. ▇▇▇▇ (or such other agent as ▇. ▇▇▇▇ may appoint) with respect to all ▇. ▇▇▇▇ Materials that are transported, stored or handled by Owner pursuant to this Agreement. All volumes shipped by ▇. ▇▇▇▇ will be taken into account in the determination of whether Customer has satisfied its Minimum Throughput Commitment.

Designated Assignment. For a period from and including the Amendment Effective Date to the Expiration Date (the “Designation Period”), the Company hereby assigns to Intermediary all of the Company’s rights to use, hold Crude Oil and Products in, and transport Crude Oil and Products through, the Storage Facilities pursuant to this Agreement, subject to additional terms and conditions of this Section 28. During the Designation Period, the Partnership Parties shall note in their records and account separately for Intermediary’s ownership of Crude Oil and Products held in or transported through the Pipelines and Storage Facilities (collectively, the “Intermediary Materials”) until such time as Intermediary shall notify the Partnership Parties in writing that ownership in such Intermediary Materials has been transferred from Intermediary to the Company, it being the intention that the Partnership Parties shall not be required to recognize any other transfers of ownership of any Intermediary Materials (other than transfers from Intermediary to the Company) unless such transfer and recognition are agreed to in writing by the Partnership Parties in their reasonable discretion. The Company shall act as Intermediary’s sole agent for all purposes of this Agreement, and the Partnership Parties shall be entitled to follow the Company’s instructions with respect to all Intermediary Materials that are transported, stored or handled by the Partnership Parties pursuant to this Agreement unless and until the Partnership Parties are notified by Intermediary in writing that the Company is no longer authorized to act as Intermediary’s agent, in which case the Partnership Parties shall thereafter follow the instructions of Intermediary (or such other agent as Intermediary may appoint) with respect to all Intermediary Materials that are transported, stored or handled by the Partnership Parties pursuant to this Agreement. All volumes shipped by Intermediary will be taken into account in the determination of whether the Company has satisfied its Minimum Throughput Commitment.

Designated Assignment. Within twelve (12) months of the Effective Date, LICENSEE may, at LICENSEE’S option, assign the whole of this Agreement to NEWCO with notice as required by Section 10.1.1. However, such Designated Assignment shall be made without requiring the fee as described in Section 10.2.