Common use of Open Positions Clause in Contracts

Open Positions. The Company and its Subsidiaries may maintain Open Positions relating to product inventory requirements that do not exceed 1,000,000 barrels plus the Minimum Petroleum Products Inventory Requirements at any time.

Appears in 2 contracts

Sources: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc)

Open Positions. The Company and its Subsidiaries may maintain Open Positions relating to product inventory requirements that do not exceed 1,000,000 barrels plus the Minimum Petroleum Products Inventory Requirements at any timebarrels.

Appears in 2 contracts

Sources: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc)

Open Positions. The Company and its Subsidiaries may shall maintain Open Positions relating to product inventory requirements that do not exceed 1,000,000 barrels plus the Minimum Petroleum Products Inventory Requirements at any time.

Appears in 1 contract

Sources: Master Shelf Agreement (Transmontaigne Inc)