Common use of Designated Assignment Clause in Contracts

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”), 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 - 39 - 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.