Delek Refining definition
Examples of Delek Refining in a sentence
All notices will be addressed to the Parties at the respective addresses as follows: If to Delek Refining, to: Delek Refining, Ltd.
Delek Refining, Delek Marketing and the arbitrators shall proceed diligently and in good faith in order that the award may be made as promptly as possible.
Delek Marketing shall invoice Delek Refining monthly (or in the case of any Shortfall Payments, quarterly).
Title to all Delek Refining’s Product received in the Terminal shall remain with Delek Refining at all times.
All notices will be addressed to the Parties at the respective addresses as follows: if to the Refining Entity: Delek Refining, Ltd.
For Product delivered by the Terminal into pipeline, custody of the Product shall pass to Delek Refining at the flange where it exits the Terminal’s delivery line.
If any additional ancillary services are requested by Delek Refining that are different in kind, scope or frequency from the Ancillary Services that have been historically provided, then the Parties shall negotiate in good faith to determine whether such ancillary services may be provided and the appropriate rates to be charged for such ancillary services.
The Services Profit Share for any one-month period shall be due and payable by Delek Refining in arrears on or before the tenth (10th) Business Day of the second month following such period.
Thereafter, Delek Refining shall have a unilateral option to extend this Agreement for two additional five (5) year periods on the same terms and conditions set forth herein (each, a “Renewal Term”).
Delek Refining shall pay the per-barrel Ancillary Services Fees listed on Exhibit A for such services.