B-5 definition
B-5. Delivery and Inspection: Unless otherwise agreed, inspection and measurement of Product delivered hereunder to or from Marine Vessels shall be made by an independent petroleum inspector, the cost of which shall be borne equally by ▇▇▇▇▇ and Seller. At the designated point of custody and title transfer, a mutually acceptable independent inspector shall hand gauge and record static shore tank measurements with fully displaced dock lines immediately before and immediately after delivery of the Product to determine the volume of Product delivered. If relevant shore tank gauge measurements are not possible, then properly certified custody transfer meter measurement is acceptable. If neither static shore tank measurement nor certified custody transfer meters are available, quantity shall be determined by gauging of the Marine Vessel’s cargo tanks prior to and upon completion of transfer to or from such Marine Vessel. Otherwise, determination of the volumes will be agreed to by the Parties. ADDENDUM C TO GENERAL TERMS AND CONDITIONS REGARDING DELIVERY OF PRODUCT BY RAIL C-1: Scope: This Addendum to General Terms applies to delivery of Product by rail under the General Terms. This Addendum is in addition to, and not in lieu of, the provisions of the General Terms. Any conflict between this Addendum and the General Terms shall be resolved in favor of this Addendum.
B-5. The Fee Property and Peach Street I Leasehold Property are each referred to individually herein as a “Property” and are collectively referred to herein as “Properties”. With respect to each Seller, (a) the term “Applicable Property” means the particular Property that is owned by such Seller, and (b) the term “Applicable Shopping Center” means the particular Shopping Center that is owned by such Seller. With respect to each Property, the term “Applicable Seller” means the particular Seller that is the owner of such Property.
B-5 means Amendment No. 1 to this Agreement. “Amendment No. 1 (B-5) Effective Date” means the date on which Amendment No. 5 shall have become effective in accordance with its terms.
More Definitions of B-5
B-5 means the B-5 deposit, which is located on the Papayo Joint Venture Concessions, is subject to the terms of the Company's option agreement with Cedimin and is an early stage project requiring a significant amount of additional drilling.
B-5 means Amendment No. 1 to this Agreement.
B-5. Notwithstanding the foregoing or anything to the contrary as contained in this Agreement, Buyer expressly acknowledges and agrees that: