MTUTA definition

MTUTA means that certain Marine Terminal Use and Throughput Agreement to be executed on the Effective Date between Operating Company and TRMC, pursuant to which the Operating Company will provide services to manage and operate the Assets and the Secondary Assets for TRMC's exclusive use.
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Examples of MTUTA in a sentence

  • As of the Closing Date for the Amorco Contribution Agreement, Tesoro Refining and Marketing shall own the leasehold rights in the “Wharf Lease” issued by the California State Lands Commission and the easements, rights of way and permits for the “SHPL,” all as defined in the Amorco Contribution Agreement, and the Partnership Group shall provide operational, maintenance and management services with respect to such Assets pursuant to the MTUTA.

  • As of the Closing Date for the Amorco Contribution Agreement, Tesoro Refining & Marketing shall own the leasehold rights in the “Wharf Lease” issued by the California State Lands Commission and the easements, rights of way and permits for the “SHPL,” all as defined in the Amorco Contribution Agreement, and the Partnership Group shall provide operational, maintenance and management services with respect to such Assets pursuant to the MTUTA.

  • Notwithstanding anything contained in this Section 20(e) to the contrary, TRMC's MTUTA Right of First Refusal shall only be available and exercisable for a period of one hundred twenty (120) days after termination of this Agreement for reasons other than (x) by default by TRMC, (y) termination due to rescission, and (z) any other termination of this Agreement initiated by TRMC pursuant to Section 21 or Section 22.

  • If TRMC makes an offer on terms no less favorable to TLO than the third-party offer with respect to such marine terminal use and throughput agreement during the MTUTA First Offer Period, then TLO shall be obligated to enter into a marine terminal use and throughput agreement with TRMC on the terms set forth in subsection (c) above.

  • If TRMC does not exercise its MTUTA Right of First Refusal in the manner set forth above, TLO may, for the next ninety (90) days, proceed with the negotiation of the third-party marine terminal use and throughput agreement.

  • As of the Closing Date for the Amorco Contribution Agreement, TRMC shall own the leasehold rights in the “Wharf Lease” issued by the California State Lands Commission and the easements, rights of way and permits for the “SHPL,” all as defined in the Amorco Contribution Agreement, and the Partnership Group shall provide operational, maintenance and management services with respect to such Assets pursuant to the MTUTA.

  • Without limitation on the generality of the foregoing, if the Avon MTUTA is terminated by reason of a default by Sublessee, Sublessor shall have the right to terminate this Sublease by written notice to Sublessee.

  • A default under this Sublease shall constitute a default under the Anacortes MTUTA, and a default under the Anacortes MTUTA shall constitute a default under this Sublease.

  • The Pre-Payment Amount shall be allocated ratably over the term of the Operating Agreement and that of the Sublease (as defined herein) when the Sublease is executed and the MTUTA (as defined herein) is substituted for the Operating Agreement, according to the allocation schedule set forth in Schedule 1 hereto.

  • A default under this Sublease shall constitute a default under the Avon MTUTA, and a default under the Avon MTUTA shall constitute a default under this Sublease.