FD Services definition
Examples of FD Services in a sentence
FD Services performed by MPLXFD include certain services associated with the marketing of MPC’s Products; provided that the execution of pricing is expressly excluded from the marketing services segment of the FD Services.
MPLXFD will not enter into any agreement with any Person other than MPC to provide services that are the same as, substantially similar or analogous to the FD Services, without MPC’s prior written consent.
As of and following the Effective Time, MPLXFD will furnish MPC a Monthly invoice setting forth the Monthly Volumetric Fee, any Deficiency Payments, any Quarterly Deficiency Credits banked or applied pursuant to Section 6.1(b)(ii) and each of the Taxes payable, in each case, with respect to FD Services performed hereunder during the preceding Month.
Other than on MPC’s behalf as a part of its performance of FD Services in accordance with the requirements of this Agreement, MPLXFD will not create, incur or suffer to exist any pledge, security interest, lien, levy, or other encumbrance of or upon any such Products.
In providing the FD Services, MPLXFD will act in good faith and on MPC’s behalf and for the sole benefit of MPC, and not perform any act which would or reasonably might reflect adversely upon the FD Services, the Products or the business, integrity or goodwill of MPC.
Without limiting the generality of the foregoing, FD Services will include the scheduling services more specifically described in this Section 4.2.
MPC hereby appoints MPLXFD as its sole and exclusive agent for the provision of FD Services as of and following the Effective Time for the duration of the Term and on volumes of Sales up to the Maximum Annual Volume, and MPLXFD hereby accepts MPC’s appointment, subject in each case to the terms and conditions of this Agreement.
Except as otherwise expressly set forth herein to the contrary, MPLXFD will provide or cause to be provided the labor and supervision necessary to perform all FD Services, and MPLXFD will provide or cause to be provided the systems, equipment, vehicles and supplies necessary to perform the FD Services.
FD Services performed by MPLXFD include certain scheduling services associated with Products that are produced at MPC’s refineries, acquired through purchases or exchanged with third parties and distributed through the Sale Points to MPC’s customers.
MPLXFD has the right, during the Term, to present itself as the authorized and exclusive agent of MPC to perform the FD Services, including with respect to Products purchased or Sold on MPC’s behalf, subject only to the limits and obligations in this Agreement and the standards and procedures set forth and specified by MPC from time to time.