CO2 Facility definition

CO2 Facility means the facilities owned and operated by Company for the production of CO2 delivered hereunder.
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CO2 Facility shall have the meaning ascribed to such term in Section 6.03.
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CO2 Facility. (CF) means, all surface and subsurface infrastructure including wellhead equipment, downhole well equipment, compression facilities and CO2 flow lines from injection facilities to wells within the GSU, monitoring instrumentation, injection equipment, and offices. CF does not include the main transportation pipeline to the GSU and pump stations along that pipeline.
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Examples of CO2 Facility in a sentence

  • The Company will work in good faith with Cambridge to ensure CO2 delivered hereunder conforms to the specification to be developed following Cambridge discussions with oil field production companies for use in EOR, which will use the CO2 produced at the CO2 Facility, or as required by regulation, as the case may be.

  • In the event Coffeyville exercises its right pursuant to Section 6.03(b), then the Lease shall terminate on the same date as the effective date of Coffeyville’s purchase of the CO2 Facility.

  • The volume of CO2 taken by Chaparral (for purposes of determining the Sales Volume, and otherwise) shall be determined based on the volume of CO2 measured at the sales meter at or near the outlet or tailgate of the CO2 Facility (the “Measurement & Pricing Point”), and in accordance with the requirements contained herein, including specifically Article VII.

  • During the Term, in the event this Agreement is terminated as a result of an uncured default by Chaparral, then Coffeyville shall have the first right (but not the obligation), during the first 60 Days following the determination of the “current market value” pursuant to this Section 6.03(b), to purchase the CO2 Facility at the then “current market value”.

  • The two appraisers so selected shall promptly proceed to determine the fair market value of the CO2 Facility, taking into consideration any potential use of the facility, the cost of relocation, and its current condition.

  • Except as set forth on Schedule 12.03(c), Buyer has or will have, upon construction, good and marketable title to the CO2 Facility and the Pipeline, free and clear of all Liens (other than Permitted Liens) that, in the aggregate, would materially affect the value thereof or materially interfere with the use made or to be made thereof by Buyer.

  • The Parties shall endeavor in good faith, during the first 10 Days following such termination to agree upon the then current market value of the CO2 Facility.

  • Notwithstanding the foregoing, in the event Coffeyville’s right to purchase the CO2 Facility pursuant to Section 6.03(b) has been triggered, the six-Month period will not begin to run until the expiration date of Coffeyville’s option to purchase the CO2 Facility pursuant to Section 6.03(b).

  • To ensure proper operations of the Fertilizer Plant, Feeder Line and CO2 Facility, the Parties acknowledge that certain operational information will need to be exchanged between the Parties.

  • The Equipment, and any other personal property at the Site and/or the CO2 Facility belonging to Lessee, shall be there at the sole risk of Lessee, and Lessor shall not be liable for damage thereto or theft, misappropriation or loss thereof unless caused by the acts or omissions of Lessor, their respective agents, employees, contractors, trustees, shareholders or directors.


More Definitions of CO2 Facility

CO2 Facility means all surface and subsurface infrastructure including wellhead equipment, downhole well equipment, compression facilities and CO2 flow lines from injection facilities to wells within the geological storage unit, monitoring instrumentation, injection equipment, and offices. CO2 facility does not include the main transportation pipeline to the geological storage unit and pump stations along that pipeline.
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Related to CO2 Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.