Examples of Refinery Contracts in a sentence
Refinery Contracts - Fuel supply contracts are maintained with multiple oil refiners.
For purposes of the Agreement, such Multi-Site Contracts as partially assigned shall be deemed Refinery Contracts transferred pursuant to Section 2.2(b)(i) of the Agreement and the portion thereof not assigned shall be deemed Excluded Contracts retained by Sunoco and the Contributing Subsidiaries pursuant to Section 2.4(e) of the Agreement.
To the extent allowed by Applicable Law, Seller shall initiate termination procedures on any Refinery Contracts requested by Buyer to be effective upon the Closing provided that such terminations do not require the Seller Companies or their Affiliates to expend money, give any guaranty or surety, or grant any non- de minimis accommodation (financial or otherwise) to the counterparties to such Contracts.
Seller has delivered to Buyer true and complete copies of all Refinery Contracts that are Material Contracts set forth in Section 4.10(a) of the Disclosure Letter (other than those Material Contracts identified on such schedule for which copies have not been delivered to Buyer due to confidentiality requirements).
To the extent allowed by Applicable Law, Seller shall initiate termination procedures on any Refinery Contracts requested by Buyer to be effective upon the Closing provided that such terminations do not require the Seller Companies or their Affiliates to expend money, give any guaranty or surety, or grant Sale and Purchase Agreement any non-de minimis accommodation (financial or otherwise) to the counterparties to such Contracts.
Other than (x) the Employees and (y) employees of third parties engaged pursuant to the Refinery Contracts (“Third-Party Employees”), no individuals are currently providing services primarily associated with the Operations or the Assets.
Except as set forth in Section 4.10(a)(3) of the Disclosure Letter, none of the Refinery Contracts that constitute a Material Contract (i) prohibits or purports to limit the owner, operator, licensee or holder of the Operations or the Assets from competing with another Person in any business or area or during any period of time, (ii) contains “take or pay” or “most favored nations” provisions, or (iii) grants a preferential right to any Third Party to purchase any Asset.