CITGO definition
Examples of CITGO in a sentence
CITGO shall be furnished samples adequate to test the products claimed to be defective and shall be afforded the opportunity to take its own samples.
CITGO shall not be required to make up any deficiency in any product not delivered as a result of any such apportionment.
If CITGO, because of a shortage of crude oil, raw materials, products, or refining capacity, either of its own, or of its other regular sources of supply, or in the industry generally, or because of governmental regulations, or for any reason, deems that it may be unable to meet all of its supply requirements, CITGO may allocate its products equitably among its various customers pursuant to a plan, method or formula as CITGO believes fair and reasonable.
As of the date of this Agreement, (a) Lyondell and CITGO collectively own, directly or indirectly, 100% of the partnership interests of the Borrower and have the right to vote such interests and to manage the business and affairs of the Borrower consistent with the terms and provisions of the Partnership Agreement and (b) the Borrower has no Subsidiaries.
Upon cessation of any such period of allocation neither CITGO nor Buyer shall be obligated to make up any quantities omitted pursuant to the provisions herein.
Lyondell GP and Lyondell LP, in the case of a Default by Lyondell GP or Lyondell LP; and CITGO GP and CITGO LP, in the case of a Default by CITGO GP or CITGO LP.
Franchisee is an independent contractor operating an independent business and is not authorized to act as an agent or employee of CITGO or to make any commitments or incur any expense or obligations of any kind on behalf of CITGO, unless expressly authorized by CITGO in writing.
Any claim for defect or variance in quality of product furnished hereunder shall be made in writing directed to CITGO as herein provided within five (5) days after discovery of the defect or variance.
The monthly quantities of product set forth below are based on the sales of motor fuels projected by the Franchisee at locations that CITGO has approved for branding with the CITGO trade name and trademark.
CITGO may refuse to make delivery into any vehicle which, in the sole judgment of CITGO, is unsafe or inadequate.