Crude Supply Agreement definition

Crude Supply Agreement means the Crude Supply Agreement, dated as of May 5, 1993, between the Borrower and Lagoven, S.A., a corporation organized under the laws of the Bolivarian Republic of Venezuela (and subsequently assigned to PDVSA Petroleos y Gas, S.A.), as amended, modified and supplemented from time to time to the extent permitted by Section 7.17, unless the context otherwise requires.
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Crude Supply Agreement means that certain Crude Supply Agreement, dated as of September 30, 1986, by and between the Borrower and Petroleos.
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Crude Supply Agreement means the Crude Oil Sales Agreement to be entered into by and between Buyer and PDVSA Petróleo S.A. as of the Effective Time, substantially in the form attached hereto as Exhibit E.
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Examples of Crude Supply Agreement in a sentence

  • The Excluded Property (other than the Crude Supply Agreement and the Supplemental Supply Agreement) is not Material.

  • Furthermore, there may be periods during which LCR's costs for crude oil under the Crude Supply Agreement may be higher than might otherwise be available to LCR from other sources.

  • Crude oil deliveries to LCR under the Crude Supply Agreement increased to the contract level of 230,000 barrels per day during the third quarter 2002, averaging 212,000 barrels per day for the third quarter.

  • Each of the Agent and each Lender further agrees that in all events (i) the Crude Supply Agreement and the Supplemental Supply Agreement shall be Confidential Information, (ii) no copies may be made of either such agreement and (iii) any inspection of either such agreement will be restricted to a limited number of its Representatives and to the premises of the Borrower or the Agent.

  • The Crude Supply Agreement incorporates formula prices to be paid by LCR for the crude oil supplied based on the market value of a slate of refined products deemed to be produced from each particular crude oil or feedstock, less: (i) certain deemed refining costs, adjustable for inflation and energy costs; (ii) certain actual costs; and (iii) a deemed margin, which varies according to the grade of crude oil or other feedstock delivered.

  • During the Term, neither Party may further assign, sublet, sublicense, grant or release any storage capacity in the DCR Storage Tank except in connection with a permitted assignment under Clause 28 of the Crude Supply Agreement.

  • The Parties will adhere to Clause 24 of the Crude Supply Agreement with regards to all issues relating to Default by either Party under this Agreement.

  • In connection with each Party’s performance of its obligations hereunder, the Parties will comply with all of the obligations as are set out in Clause 14 of the Crude Supply Agreement.

  • Each of the Crude Supply Agreement and the Supplemental Crude Supply Agreement has been duly authorized, executed and delivered by the Company.

  • From time to time, Lyondell and PDVSA have had discussions covering both a restructuring of the Crude Supply Agreement and a broader restructuring of the LCR partnership.


More Definitions of Crude Supply Agreement

Crude Supply Agreement means a crude supply agreement to be entered into on the Closing Date, substantially in the form of Exhibit C attached hereto.
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Crude Supply Agreement means the Crude Oil Supply Agreement, effective as of the date hereof, between Calumet and DOP.
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Crude Supply Agreement has the meaning set forth in Recital A above.
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Crude Supply Agreement has the meaning specified in Section 11.1 hereof.
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Crude Supply Agreement means the Foreign Crude Supply Agreement, ETCo Xxxxxxxx Xx. XXX00000, dated October 19, 1999 between the Borrower and Equiva.
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Crude Supply Agreement means the Crude Oil and Feedstock Supply Agreement to be entered into by and among VMSC, the Company and the other parties thereto on the Closing Date, substantially in the form attached hereto as Exhibit I.
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Related to Crude Supply Agreement

  • Supply Agreement has the meaning set forth in Section 7.1.

  • Clinical Supply Agreement shall have the meaning set forth in Section 7.2.

  • Supply Agreements has the meaning set forth in Section 7.1.

  • Commercial Supply Agreement has the meaning set forth in Section 4.1 (Supply Agreement).

  • Manufacturing Agreement has the meaning set forth in Section 2.6.

  • Quality Agreement has the meaning set forth in Section 9.6.

  • Transportation Agreement means an agreement pursuant to the Tariff under which Transporter provides transportation or other contract services to a Shipper.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • Transportation Service Agreement means the contract between KUB and the Customer whereby KUB agrees to provide transportation gas service to the Customer.

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Interconnection Agreement means an agreement between Seller and the Interconnecting Utility and ISO-NE, as applicable, regarding the interconnection of the Facility to the Transmission System of the Interconnecting Utility, as the same may be amended from time to time.

  • Technical Services Agreement means the Technical Services Agreement between Cheniere LNG, Inc. and Contractor, dated June 7, 2010.

  • Development Agreement has the meaning set forth in the Recitals.

  • Generation Interconnection Agreement means the large generator interconnection agreement to be entered into separately between Seller and Interconnection Provider concerning the Interconnection Facilities.

  • Services Agreement means an agreement entered into between a Utility and one or more Affiliates for the provision of Shared Services or For Profit Affiliate Services and shall provide for the following matters as appropriate in the circumstances:

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • Price Agreement means a definite quantity contract or indefinite quantity contract which requires the contractor to furnish items of tangible personal property, services or construction to a state agency or a local public body which issues a purchase order, if the purchase order is within the quantity limitations of the contract, if any.

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

  • Software License Agreement means the Motorola Software License Agreement (Exhibit A).

  • End User License Agreement means a license grant or end user license agreement governing software as further described in this Agreement or any applicable Appendix.