Hydrocarbon Inventory definition
Hydrocarbon Inventory has the meaning set forth in Section 2.1.6.
Hydrocarbon Inventory means the feedstock, by-products, basestocks, intermediates and finished lubricants inventory of the Corporations, as determined pursuant to the Working Capital Protocol.
Hydrocarbon Inventory means the following hydrocarbon and hydrocarbon-derived inventory of the Seller located at or associated with the Facilities (which shall be measured and valued in accordance with Schedule 2.6.3.2): (i) raw materials (including crude oil and gas oil), feedstocks and intermediate stocks (including vacuum gas oil, light cycle oil, and naphtha) that are in transit to the Facilities in Third Party pipelines (or in pipelines owned or controlled by SXL) and raw materials, feedstocks and intermediate stocks designated as Sunoco-owned line fill in Third Party pipelines (or in pipelines owned or controlled by SXL) on which Seller ships such oil and stocks into the Facilities; (ii) raw materials, blendstocks (including ethanol, additives, biodiesel, and butane which is to be blended into a finished product), feedstocks and intermediate stocks that are located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time;-(iii) refined products (including gasoline, distillates, residuals, HARF, clarified slurry oil, sulfur, propanes, and butanes which are to be sold as finished product) located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or
Examples of Hydrocarbon Inventory in a sentence
For the avoidance of doubt, any such amounts of Hydrocarbon Inventory Shortfall shall be determined without duplication of any amounts in the calculation of Working Capital.
More Definitions of Hydrocarbon Inventory
Hydrocarbon Inventory means the inventory of Seller and SOC, including crude oil, blendstocks, feedstocks and other raw materials, intermediate stocks and finished products, including tank heels, at or associated with (i) the Facilities, (ii) the Phillipsburg heavy oil terminal, (iii) the line fill between ▇▇▇▇▇▇▇ and the Tulsa Refinery (all of which shall be measured and valued in accordance with Schedule 2.6.3.2), and (iv) unit and line fills at the Tulsa Refinery (which shall not be measured or valued for the purposes of Schedule 2.6.3.2), but, with respect to all of the foregoing clauses, not including Excluded Hydrocarbon Inventory.
Hydrocarbon Inventory means natural gas and all other gaseous hydrocarbons including the liquid products of processing and any other natural gas liquids.
Hydrocarbon Inventory means the following hydrocarbon and hydrocarbon-derived inventory of the Seller located at or associated with the Facilities (which shall be measured and valued in accordance with Schedule 2.6.3.2): (i) raw materials (including crude oil and gas oil), feedstocks and intermediate stocks (including vacuum gas oil, light cycle oil, and naphtha) that are in transit to the Facilities in Third Party pipelines (or in pipelines owned or controlled by SXL) and raw materials, feedstocks and intermediate stocks designated as Sunoco-owned line fill in Third Party pipelines (or in pipelines owned or controlled by SXL) on which Seller ships such oil and stocks into the Facilities; (ii) raw materials, blendstocks (including ethanol, additives, biodiesel, and butane which is to be blended into a finished product), feedstocks and intermediate stocks that are located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (iii) refined products (including gasoline, distillates, residuals, HARF, clarified slurry oil, sulfur, propanes, and butanes which are to be sold as finished product) located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (iv) petrochemical products (including benzene, toluene, xylene, tetramer and nonene) located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (v) tank heels associated with any of the foregoing; (vi) BS&W, intra-refinery line fill, and unit fill at the Facilities.
Hydrocarbon Inventory has the meaning given such term in Section 2.7(a)(ii).
Hydrocarbon Inventory has the meaning set forth in Section 3.2(a)(ii).
Hydrocarbon Inventory means all crude oil and condensate owned by the Target Company Group, other than line fill, tank bottoms or other Hydrocarbons held as long-term inventory for the operation of the Business that are not readily marketable.
Hydrocarbon Inventory means (i) the hydrocarbon inventory at the Superior refinery that is owned by Seller and its Subsidiaries as of Closing, including crude oil, blendstocks, ethanol, biodiesel, feedstocks and other raw materials (including polymers and emulsifying compounds), intermediate petroleum products and finished products (including asphalt), tank heels and tank bottoms (including all such items located in process units or interconnecting lines at the refinery), (ii) all such products produced at the Superior refinery that are owned by Seller and its Subsidiaries as of Closing where title has not passed to a customer (including, for the avoidance of doubt, Seller or its Subsidiaries that are customers of the refinery; provided that in the case of such an internal transfer title will be deemed to be passed as set forth in Exhibit E) prior to Closing and (iii) all hydrocarbons (including crude oil, blendstocks, feedstocks and other raw materials, intermediate petroleum products and finished products, tank heels and tank bottoms) in transit to the Superior refinery (other than Excluded Crude) for which title has passed to ▇▇▇▇▇▇ Oil USA, Inc. or Superior Crude Trading Company, including such hydrocarbons in transit from ▇▇▇▇▇▇ Exploration & Production Company — USA where title has so passed.