Common use of SETTLEMENT AT TERMINATION Clause in Contracts

SETTLEMENT AT TERMINATION. 20.1 Upon expiration or termination of this Agreement for any reason other than as a result of an Event of Default (in which case the Expiration Date or such other date as the Parties may agree shall be the “Termination Date”; provided that if such date is not a Business Day, any payments due on such date shall be made on the immediately preceding Business Day), the Parties covenant and agree to proceed as provided in this Article 20; provided that (x) this Agreement shall continue in effect following the Termination Date until all obligations are finally settled as contemplated by this Article 20 and (y) the provisions of this Article 20 shall in no way limit the rights and remedies which the Non-Defaulting Party may have as a result of an Event of Default, whether pursuant to Article 19 above or otherwise:

Appears in 3 contracts

Samples: Supply and Offtake Agreement (Par Pacific Holdings, Inc.), Supply and Offtake Agreement (Par Pacific Holdings, Inc.), Supply and Offtake Agreement (Par Pacific Holdings, Inc.)

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SETTLEMENT AT TERMINATION. 20.1 Upon expiration or termination of this Agreement for any reason other than as a result of an Event of Default (in which case the Expiration Date or such other date as the Parties may agree shall be the “Termination Date”; provided that if such date is not a Business Day, any payments due on such date the Termination Date shall be made occur on the immediately preceding Business Day), the Parties covenant and agree to proceed as provided in this Article 20; provided that (x) this Agreement shall continue in effect following the Termination Date until all obligations are finally settled as contemplated by this Article 20 and (y) the provisions of this Article 20 shall in no way limit the rights and remedies which the Non-Defaulting Party may have as a result of an Event of Default, whether pursuant to Article 19 above or otherwise:

Appears in 1 contract

Samples: Supply and Offtake Agreement (Par Petroleum Corp/Co)

SETTLEMENT AT TERMINATION. 20.1 Upon expiration or termination of this Agreement for any reason other than as a result of an Event of Default (in which case the Expiration Date or such any other date as that may be agreed by the Parties may agree shall be the “Termination Date”; provided that if such date is not a Business Day, any payments due on such date shall be made on the immediately preceding Business Day), the Parties covenant and agree to proceed as provided in this Article 20; provided that (x) this Agreement shall continue in effect following the any Termination Date until all obligations are finally settled as contemplated by this Article 20 and (y) the provisions of this Article 20 shall in no way limit the rights and remedies which the Non-Defaulting Party may have as a result of an Event of Default, whether pursuant to Article 19 above or otherwise:

Appears in 1 contract

Samples: Master Supply and Offtake Agreement (Delek US Holdings, Inc.)

SETTLEMENT AT TERMINATION. 20.1 19.1 Upon expiration or termination of this Agreement for any reason other than as a result of an Event of Default (in which case the Expiration Date or such other date as the Parties may agree shall be the “Termination Date”; provided that if such date is not a Business Day, any payments due on such date the Termination Date shall be made occur on the immediately preceding Business Day), the Parties covenant and agree to proceed as provided in this Article 2019; provided that (x) this Agreement shall continue in effect following the Termination Date until all obligations are finally settled as contemplated by this Article 20 19 and (y) the provisions of this Article 20 19 shall in no way limit the rights and remedies which the Non-Defaulting Party may have as a result of an Event of Default, whether pursuant to Article 19 18 above or otherwise:

Appears in 1 contract

Samples: Supply and Offtake Agreement (Delek US Holdings, Inc.)

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SETTLEMENT AT TERMINATION. 20.1 19.1 Upon expiration or termination of this Agreement for any reason other than as a result of an Event of Default (in which case the Expiration Date or such any other date as that may be agreed by the Parties may agree shall be the “Termination Date”; provided that if such date is not a Business Day, any payments due on such date the Termination Date shall be made occur on the immediately preceding Business Day), the Parties covenant and agree to proceed as provided in this Article 2019; provided that (x) this Agreement shall continue in effect following the any Termination Date until all obligations are finally settled as contemplated by this Article 20 19 and (y) the provisions of this Article 20 19 shall in no way limit the rights and remedies which the Non-Defaulting Party may have as a result of an Event of Default, whether pursuant to Article 19 18 above or otherwise:

Appears in 1 contract

Samples: Supply and Offtake Agreement (Delek US Holdings, Inc.)

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