Foreign Trade Zone Clause Samples
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Foreign Trade Zone. The Refinery Complex is operating in the Foreign Trade Subzone 142C (the “Subzone”) under a valid grant of authority from the Foreign Trade Zones Board and has been activated with the U.S. Customs Service. From and after the Closing, the Contributor will take all actions necessary, with the cooperation of the Acquirer, to allow the Acquirer to own and operate the Contributed Assets and utilize the Subzone in the conduct of its business at the Refinery Complex, including, if necessary, notifying the Foreign Trade Zones Board and any other applicable Governmental Authorities of the transfer of the Contributed Assets from the Contributor to the Acquirer; provided, however, that the Contributor shall remain the operator of the Subzone from and after the Closing and shall provide FTZ-related services to the Acquirer pursuant to and in accordance with the Site Services Agreement.
Foreign Trade Zone. The Refinery complex is operating in Foreign Trade Zone 35C (the “Subzone”) under a valid grant of authority from the Foreign Trade Zones Board and has been activated with the U.S. Customs Service. Sunoco’s Marcus Hook Refinery complex is also operating in the Subzone pursuant to the same grant of authority. Promptly after the Closing, Sunoco shall cause Sunoco, Inc. (R&M) to take all necessary actions, with the assistance and cooperation of TCG and NewCo, to prepare and file with U.S. Customs and Border Protection (“Customs”), the applicable port authority (the “Port Authority”) and any other Governmental Authority the documents required to request formal approval to remove the Marcus Hook Refinery complex from the granted and activated Subzone. Thereafter, Sunoco shall cause Sunoco, Inc. (R&M) to take, and NewCo shall take, all necessary actions to prepare and file with Customs, the Port Authority and any other Governmental Authority the documents required to request formal approval for the change in operator of the Philadelphia Refinery complex Subzone from Sunoco, Inc. (R&M) to NewCo (the “Subzone Application”). In connection with the Subzone Application, NewCo shall promptly submit to Customs, the Port Authority and other Governmental Authority such supplemental information and take such additional actions as Customs, the Port Authority and any other Governmental Authority may request or require in connection therewith. NewCo shall use commercially reasonable efforts to cause the Subzone Application to be granted, including executing all such additional agreements and orders with Customs, the Port Authority and any other Governmental Authority and providing all financial assurance (including the posting of bonds) required by Customs, the Port Authority and any other Governmental Authority.
Foreign Trade Zone. Where applicable, ▇▇▇▇▇ will provide Alliance with its information requirements necessary for ▇▇▇▇▇'▇ compliance with Foreign Trade Zone ("FTZ") status. Alliance will use reasonable efforts to provide the requested information. For compliance with FTZ requirements, the designated point of custody transfer for (i) the Lima FTZ shall be the Lima Terminal rack meter, (ii) the Port ▇▇▇▇▇▇ FTZ shall be the ▇▇▇▇▇ Pipeline meter, (iii) the Blue Island FTZ, shall be the ▇▇▇▇▇▇▇ Terminal receipt meter, and (iv) the Hartford FTZ shall be the Hartford Terminal receipt meter (or until such time as a receipt meter is installed, the truck rack meter and/or the pipeline meter). In addition, Alliance shall provide reports as defined in Section 4.4.
Foreign Trade Zone. If Buyer and Supplier agree to operate from any Foreign Trade Sub-Zone established by Buyer, any benefit arising from operation in such Foreign Trade Sub-Zone will inure to Buyer, and both parties will cooperate and adopt procedures designed to capture and maximize such benefit. Supplier shall be reimbursed immediately for any reasonable additional expense incurred to capture and maximize such benefit for Buyer.
Foreign Trade Zone. GOVERNMENT understands that LESSEE may use the Leased Premises as a Foreign Trade Zone. LESSEE understands that it has all of the responsibility to comply with the requirements of the Foreign Trade Zone status. LESSEE acknowledges that GOVERNMENT does not warrant or imply anything concerning the FOREIGN TRADE ZONE status of the Leased Premises. LESSEE shall not conduct Foreign Trade wholesale/retail operations on the Leased Premises.
Foreign Trade Zone. If Buyer and Seller agree to operate from a foreign trade zone (“FTZ”), any benefit arising from operation in such FTZ will inure to Buyer, and both parties will cooperate and adopt procedures designed to capture and maximize such benefit.
Foreign Trade Zone. Each of Landlord and Tenant shall reasonably cooperate with the other to (a) minimize the adverse tax impact, if any, of the termination of the Foreign Trade Zone or Subzone applicable to the Premises, and (b) avoid such termination, provided that such cooperation shall not require Tenant to incur any material cost or expenditure, or assume any obligation or liability.
Foreign Trade Zone. A. Scope Adjustments The Parties agree the Scope of Work will be adjusted as outlined in Exhibit N Phase 2 Scope Trend #S2-0010 (Foreign Trade Zone Phase 2).
Foreign Trade Zone. Tenant hereby acknowledges that Landlord has obtained a Foreign Trade Zone (“FTZ”) designation for the Building from the Columbus Regional Airport Authority (“CRAA”). Tenant shall continue to be responsible for any and all applicable fees associated with the FTZ status of the Building, including, but not limited to, annual maintenance and licensing fees which shall be billed to Landlord annually and paid by Tenant as a part of Operating Expenses, administrative costs associated with the reporting requirements to the CRAA and all consulting fees associated with activating the FTZ for Tenant’s specific use of the Building.”
7. Deletion of Section 16.14.
Foreign Trade Zone. Casa Grande and Pinal County acknowledge that Developer is seeking (or may elect to seek) approval by the Foreign Trade Zone Board for status as a Foreign Trade Zone Usage- Drive Site pursuant to the City of Phoenix Foreign Trade Zone No. 75 Alternative Site Framework (the “FTZ Approval”). Pinal County and Developer shall jointly or independently, as necessary and appropriate, apply to the City of Phoenix to obtain FTZ Approval and to the Pinal County Tax Assessor for any beneficial tax treatments that may be available to Developer in conjunction therewith, including, without limitation, reclassifying the tax classification of the Property as a “class six property” pursuant to A.R.S. §42-12006. Pinal County, Casa Grande and Developer shall exercise good faith efforts in executing necessary resolutions or separate agreements and obtain necessary concurrence letters from other taxing authorities or governmental agencies to support the FTZ application process to the Foreign Trade Zones Board. Upon approval by the Foreign Trade Zones Board, Pinal County, Casa Grande shall assist Developer in executing such documents and agreements in order to activate such FTZ Approval. To the extent that such FTZ status approval or activation is not granted, Casa Grande and Pinal County agree to assist Developer and the City of Phoenix in appealing such decision. However, any application or assistance shall be at no cost to Pinal County or Casa Grande, except to the extent such costs are a normal cost of government administration.