BKEP definition
Examples of BKEP in a sentence
If to BKEP Pipeline, L.L.C.: BKEP Pipeline, L.L.C. ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Parkway, Suite 100 Edmond, Oklahoma 73013 Attn: Vice President, Business Development Fax: ▇▇▇-▇▇▇-▇▇▇▇ With a copy to: Blueknight Energy Partners, L.P. Two ▇▇▇▇▇▇ Place ▇▇▇▇ ▇.
In no event shall BKEP’s Liability for damages hereunder exceed the amount of the Fee actually received by BKEP.
As a Consulting Service, BKEP shall use commercially reasonable efforts to obtain and maintain, or cause to be obtained and maintained, all material Regulatory Approvals, as may be required from time to time under Applicable Laws with respect to the Construction Services.
Any dispute regarding a Project Invoice shall be resolved by Owner directly with the Contracted Third Party (with such assistance from BKEP as Owner reasonably requests, such assistance shall be deemed to be a “Consulting Service” for the purposes of this Agreement).
At such time BKEP, with Owner having at least ten (10) Business Days’ prior notice of the opportunity to witness all such procedures, shall hire an independent industry-qualified engineer to perform the several testing and commissioning procedures identified in Exhibit E (as well as such other tests and commissioning procedures as may be mutually agreed upon by the Parties).
Additionally, in the event of any termination, Owner may, on reasonable prior notice, take control of all documents and records (other than any documents required to remain with BKEP under Applicable Law, if any) relating to the Construction Services and the Consulting Services; provided that, it shall afford BKEP access to or copies of such documents for a period of one year from the date of termination.
The Contracted Third Parties, and not BKEP, shall be responsible for correcting all Defects, at either Owner’s or such Contracted Third Parties’ expense, and BKEP shall have no obligation to repair or replace or pay for any repair or replacement of such items under this Agreement.
Owner shall pay BKEP such expenses within fifteen (15) days after Owner’s receipt from BKEP of an invoice and supporting documentation.
Other than the General Partner Interest, the Incentive Distribution Rights and 100% of the issued and outstanding capital stock of BKEP Management, the General Partner does not own any equity interest in any other Person.
If Operator is rendered unable to perform by reason of an event of Force Majeure for a period in excess of ninety (90) consecutive calendar days, then Owner shall have the right to appoint an interim operator to serve as operator for the period that Operator is rendered unable to perform due to an event of Force Majeure; provided that, such interim operator has the experience and ability to operate the Terminal in accordance with the BKEP Standards.