LOBP definition

LOBP means the facilities, owned by Mobil, located adjacent to the Refinery used to blend and package lubricant oils.
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LOBP means the lube oil blending plants owned, operated or leased by Distributor or subsidiaries of the Distributor, or a contingency Approved Plant owned and operated by a designated Third Party pursuant to Section ‎6.1;
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LOBP shall have the meaning given that term in Section 2.1.6.
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Examples of LOBP in a sentence

  • Valero agrees to maintain quality procedures consistent with Mobil maintaining a QS-9000 certification at the LOBP.

  • No later than the fifth (5th) day following the end of each month, Valero shall submit to Mobil an invoice for the Lubricant Base Oils delivered to Mobil at the LOBP and the Wharf during such month, together with payment instructions therefor (the "Invoice").

  • For returning Off-Spec Product, in addition to the damages that may be available pursuant to Section 9.2, Valero shall reimburse Mobil for the costs for returning the Off- Spec Product from the LOBP, from marine vessels at the Wharves and from rail cars at the LOBP or the Refinery, any government fines received as a result of the Off-Spec Product, and any costs incurred in replacing the Off-Spec Product.

  • During the term of this Agreement, Mobil agrees to purchase and receive from Valero, and Valero agrees to produce, sell and deliver to Mobil, at the LOBP from the dedicated Lubricant Base Oils pipeline system located at the Refinery and at the Wharf into marine vessels designated by Mobil, Mobil's Base Oil Requirements in accordance with the terms and conditions of this Agreement and at the prices determined under this Agreement.

  • In addition to the foregoing and the rights of Mobil under Section 9.2, Valero shall reimburse Mobil for any costs incurred to recall and recover any Off-Spec Product from the LOBP, including costs incurred cleaning any tanks at the LOBP and any other equipment at the LOBP contaminated with Off-Spec Product and the cost of replacing any product at the LOBP contaminated by the Off-Spec Product.

  • The quantity of Lubricant Base Oils delivered by Valero to Mobil at the LOBP shall be determined by meter readings at the custody meters located at the LOBP, or, if no custody meter is available, in accordance with Exhibit F.

  • Commencing on the Effective Date, on or before the fifteenth (15th) day of each month, Mobil shall deliver to Valero Mobil's Base Oil Requirements and Valero's Committed Production for the next succeeding month, including delivery method (LOBP deliveries and Wharf liftings and dates) and a revised forecast of Mobil's Base Oil Requirements and Valero's Committed Production for the subsequent two months, including delivery method (LOBP deliveries and Wharf liftings and dates), ("Monthly Requirements").

  • In addition, from the Effective Date to the third anniversary of the Effective Date, Mobil agrees to purchase and receive from Valero, at the LOBP through the dedicated base oil pipeline system located at the Refinery and at the Wharf into marine vessels designated by Mobil, Valero's Production in accordance with the terms and conditions of this Agreement and at the prices determined under this Agreement.

  • Mobil's Base Oil Requirements for LOBP deliveries shall be available for delivery by Valero on a ratable basis by Stock.

  • Valero shall make Mobil's Base Oil Requirements for the LOBP available for delivery on a ratable basis by Stock.

Related to LOBP

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  • VCSE means a non-governmental organisation that is value- driven and which principally reinvests its surpluses to further social, environmental or cultural objectives;

  • Front Yard means a yard extending across the full width of a lot between the front lot line of the lot and the nearest wall of the nearest main building or structure on the lot;