Ferndale Refinery definition
Examples of Ferndale Refinery in a sentence
Ferndale Terminal is located in Ferndale, Washington adjacent to the Ferndale Refinery.
Custody of all Crude Oil delivered to the Ferndale Refinery for Company hereunder shall pass from Holdings to Company when such Crude Oil passes through the flange connection between the Terminal and the Ferndale Refinery.
Holdings, or Holdings’ designee, shall use commercially reasonable efforts to unload Crude Oil from the rail cars received at the Terminal and deliver such Crude Oil into a pipeline for redelivery into tankage at the Ferndale Refinery.
If Company decides to restructure its supply, refining or sales operations at the Ferndale Refinery in such a way as could reasonably be expected to materially and adversely affect the economics of Company’s performance of its obligations under this Agreement, then the Parties will negotiate in good faith concerning a reduction in Company’s commitment or an exchange of the Terminal (whichever is adversely affected) for other assets not so affected.
Company may not enter into any agreement with any Person other than Holdings with respect to rail unloading and delivery services in connection with the Ferndale Refinery without allowing Holdings a prior opportunity to offer to provide such services.
Company intends to deliver crude oil to the Terminal via rail car and desires to have such crude oil unloaded and redelivered into a pipeline for onward delivery to the Ferndale Refinery, and Holdings desires to provide such services for Company, all upon the terms and conditions set forth in this Agreement.
The firewater supply system for the Ferndale Refinery and the Rail Rack shall be owned, operated and maintained by Operator.
If refinery operations at the Ferndale Refinery are suspended for a period of at least 12 consecutive Months, then after a public announcement of such suspension is made, Operator may provide Notice to Holdings of its intent to terminate this Agreement with respect to the Services provided by Operator hereunder and this Agreement with respect to the Services provided by Operator hereunder will be so terminated twelve (12) Months following the date such Notice is received by Holdings.
In the event, prior to the expiration of such 12-month period, a public announcement is made that operations will be resumed at the Ferndale Refinery, then such Notice shall be deemed revoked and this Agreement with respect to the Services provided by Operator shall continue in full force and effect as if such Notice had never been delivered.
In the event of a public announcement, prior to the expiration of such 12-month period, of an intent to resume operations at the Ferndale Refinery, then such Notice shall be deemed revoked and this Agreement shall continue unmodified in full force and effect as if such Notice had never been delivered.