Off-Spec Product definition

Off-Spec Product means product that does not meet the Quality Specifications.

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Off-Spec Product means the Product that fails to meet the applicable quality specifications as required in Section 5.1.

Off-Spec Product means Crude Petroleum that does not meet the Quality Specifications set forth in Special Rule 2.

Examples of Off-Spec Product in a sentence

TLO will not be obligated to receive Off-Spec Product for offload and throughput at the Anacortes Rail Unloading Facility, nor will TLO be obligated to accept Product that fails to meet the quality specifications set forth in any arrival notice.
Republic will not be obligated to purchase crude oil that is contaminated or that otherwise fails to meet those Specifications ("Off-Spec Product"), except if such nonconformance is attributable to third party volumes commingled with PVOG's crude oil while in Republic or Republic Midstream, LLC's (or any applicable successor) control and possession.
If so directed by Valero, Mobil shall sell the Off-Spec Product on behalf of Valero at the best price that Mobil can obtain.
TRMC shall remove any Off-Spec Product or reimburse TLO for any and all expenses incurred in removing any such Off-Spec Product received into the Anacortes Rail Unloading Facility.
In addition, Valero shall issue a credit to Mobil for the amount which Mobil had paid for the Off-Spec Product.

More Definitions of Off-Spec Product

Off-Spec Product means the Product which is not the Prime Product.

Off-Spec Product means Product that fails to meet TLO’s minimum specifications.

Off-Spec Product means Crude Petroleum that does not meet the Ǫuality Specifications set forth in Special Rule 2.

Off-Spec Product has the meaning given to such term in Section 2.4(g).

Off-Spec Product means product that (a) does not conform to the Ǫuality Specifications, (b) is not merchantable, and/or (c) may damage the System or any other Product in the System.

Off-Spec Product shall have the meaning given to that term in Section 8.7.

Off-Spec Product shall have the meaning set forth in Section 11.1. 1.35 “Original Index” shall have the meaning set forth in Section 4.2. 1.36 “Party” shall mean each of Enterprise or Purchaser. 1.37 “Parties” shall mean, collectively, Enterprise and Purchaser. 1.38 “Payment Cure Period” shall have the meaning set forth in Section 5.6(a). 1.39 “PDH II Effective Date” shall have the meaning given such term in the PDH II Sales Agreement. 1.40 “PDH II Sales Agreement” shall mean that certain Polymer Grade Propylene Purchase and Sales Agreement (PDH II) dated as of April 1, 2021 by and between Enterprise and Purchaser. 1.41 “Person” shall mean any natural person, corporation, company, partnership, general partnership, limited partnership, limited liability company, joint venture, trust, estate, business trust, or other form of incorporated or unincorporated organization, Governmental Authority or any other entity. 1.42 “PGP” shall mean polymer grade propylene meeting the PGP Specifications. 1.43 “PGP Price” shall have the meaning set forth in Section 4.1. 1.44 “PGP Specifications” shall mean the specifications for polymer grade propylene set forth in Exhibit B; provided, however, Enterprise reserves the right to modify, add to, or revise such specifications at any time and from time-to-time during the Term upon giving not less than 30 days prior written notice to Purchaser of the applicable modification, addition or revision; provided, however, for so long as the PGP Storage Lease is in effect, (i) no modification, addition or revision DocuSign Envelope ID: 2B7A1C8A-A220-4A4E-9E1E-347CAF708643