Intermediation Agreement definition

Intermediation Agreement means the Supply and Offtake Agreement entered into between the Company and the Intermediation Facility Secured Party on April 1, 2022 in relation to, amongst other matters, the sale and purchase of “Crude Oil” and “Products” (each as defined in the Intermediation Agreement), as amended from time to time.

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Intermediation Agreement means any Hydrocarbons under any Hydrocarbon or other feedstock supply agreements and assets under natural gas supply agreements, hydrogen supply agreements, offtake agreements or similar agreements or arrangements of the type described in clause (25) of Section 4.09(b), in each case, as the same may be further amended, restated or modified from time to time.

Intermediation Agreement means the intermediation agreement between the Company and one or more of its Subsidiaries, on the one hand, and Vitol, Inc., on the other hand, in effect on the date of this Indenture, as such agreement may be amended, restated, replaced or restructured from time to time (whether or not with Vitol or with another supplier).

Examples of Intermediation Agreement in a sentence

• The obligations of ▇▇▇▇ contemplated by the Original Inventory Intermediation Agreements shall be subject to satisfaction by (i) DCRC and PBFH of the conditions precedent set forth in Section 2.6.1 of the Original DCRC Inventory Intermediation Agreement and (ii) PRC and PBFH of the conditions precedent set forth in Section 2.6.1 of the Original PRC Inventory Intermediation Agreement, in each case, on and as of the Commencement Date.

• The Parties acknowledge and agree that, while this Agreement is a continuation (and not a novation) of each Original Inventory Intermediation Agreement, from and after the Third Restatement Effective Date, the terms and conditions of each Original Inventory Intermediation Agreement shall be amended and restated, and superseded, in their entirety as set forth herein without any further action by any person.

• All terms defined in the UCC (as defined herein) and not defined in this Agreement or the Intermediation Agreement have the meanings specified therein.

• All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Article 28 of the Intermediation Agreement.

• The respective obligations of DCRC, PRC and PBFH contemplated by the Original Inventory Intermediation Agreements shall be subject to satisfaction by ▇▇▇▇ of the conditions precedent set forth in (i) Section 2.6.2 of the Original PRC Inventory Intermediation Agreement and (ii) Section 2.6.2 of the Original DCRC Inventory Intermediation Agreement, in each case, on and as of the Commencement Date.

More Definitions of Intermediation Agreement

Intermediation Agreement means the intermediation agreement between CVR Energy and one or more of its Subsidiaries, on the one hand, and Vitol, Inc., on the other hand, in effect on the date of this Indenture, as such agreement may be amended, restated, replaced or restructured from time to time (whether or not with Vitol or with another supplier).

Intermediation Agreement means the crude oil supply agreement with Vitol Inc., dated as of December 31, 2008, as amended, restated, supplemented, modified and/or replaced from time to time.

Intermediation Agreement means, as applicable, (a) the ▇. ▇▇▇▇ Intermediation Agreement, (b) the Washington Refinery Intermediation Agreement and (c) any crude oil or other feedstock supply agreements, natural gas supply agreements, hydrogen supply agreements, or off-take agreements relating to intermediate or refined products, in each case entered into by the Company or any of its Subsidiaries and an Intermediation Counterparty for purposes of facilitating a customary intermediation arrangement, together with all related storage agreements, marketing and sales agreements, agency agreements, security agreements, account control agreements, other collateral documents and other ancillary agreements among such parties, in each case as any of the same may be extended, renewed, amended, supplemented, restated, amended and restated or otherwise modified from time to time, or refinanced and/or replaced with another Intermediation Agreement from time to time and in whole or in part; provided that (i) the terms of any Intermediation Agreement described in this clause (c) shall be (A) on the then prevailing market terms or (B) not materially more disadvantageous to the holders of the Notes, taken as a whole, as compared to the terms of the ▇. ▇▇▇▇ Intermediation Agreement or the Washington Refinery Intermediation Agreement in effect on the date hereof, taken as a whole, in each case of clause (A) or (B), as determined in good faith by an Officer of the Company, and (ii) no Intermediation Agreement shall provide for any lien on any assets other than Intermediation Collateral.

Intermediation Agreement means the Supply and Offtake Agreement entered into between the Company and the Intermediation Facility Representative on or around the date hereof in relation to, amongst other matters, the sale and purchase of Crude Oil and Products (each as defined in the Intermediation Agreement), as amended from time to time.

Intermediation Agreement means the crude oil supply agreement with ▇.▇. ▇▇▇▇▇▇ Commodities Canada Corporation, dated as of the date of the 2017 Notes Indenture, as amended, restated, supplemented, modified and/or replaced from time to time.

Intermediation Agreement means (a) prior to January 1, 2024, the Second Amended and Restated Crude Oil Supply Agreement, dated as of August 4, 2021, between CVR Supply & Trading, LLC, a Delaware limited liability company (“Trading”, as assignee from Refining LLC), on the one hand, and Vitol, Inc., on the other hand, as such agreement may be amended or amended and restated from time to time, and (b) from and after January 1, 2024, the Crude Oil Supply Agreement, entered into and effective as of January 1, 2024, between Trading, on the one hand, and Gunvor USA LLC, on the other hand, as such agreement may be amended, amended and restated, replaced or restructured from time to time (but if entered into with a supplier other than Gunvor USA LLC, only with the prior consent of the Agent).

Intermediation Agreement means the Second Amended and Restated Crude Oil Supply Agreement, dated as of August 4, 2021, between Refining LLC on the one hand, and Vitol, Inc., on the other hand, as such agreement may be amended or amended and restated from time to time.