Refinery Real Property definition

Refinery Real Property means the real property interests at the site of the Refinery as described in Schedule 1.1B, together with all of Sunoco’s and each of the Contributing Subsidiaries’ right, title and interest in and to all easements, servitudes, rights-of-way, privileges, licenses (written or oral) and appurtenances related thereto.
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Refinery Real Property means the real property interests at the site of the Refinery as described in Schedule 1.0.1(m).
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Refinery Real Property has the meaning specified in Section 2.1.1.1.
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Examples of Refinery Real Property in a sentence

  • The Treasurer shall distribute the cash payments received from Marathon to the Taxing Districts pursuant to the terms of the Robinson Refinery Real Property Tax Assessment Settlement Intergovernmental Agreement entered into between the Treasurer and the Taxing Districts.

  • D -- Form of ASSIGNMENT AND CONVEYANCE, covering the Refinery Real Property (other than the Refinery Site).

  • MPC and SSA shall obtain the Surveys of the Refinery Real Property and the Marketing Sites, as applicable.

  • Likewise, SPP Refining shall be entitled to any applicable reimbursement under any such cleanup fund for any amounts it has spent or in the future will spend with respect to Remediation Activities related to the Refinery or the Refinery Real Property.

  • With respect to any Phase I assessment by the Purchaser Entities at the Refinery Real Property, the Billings Terminal Real Property, the Bozeman Terminal Real Property, the Helena Terminal Real Property or the Spokane Terminal Real Property, each Purchaser Entity agrees to the Purchaser Entities Phase I Obligations.

  • As to each of the Refinery Real Property and each of the Marketing Sites, MPC shall deliver, or cause the Title Company and any surveyor to deliver, to NTI the relevant Title Commitment, Title Exception Documents, and Survey (collectively, the “Title and Survey Documents”) as soon as reasonably practicable and promptly after the Title and Survey Documents has been prepared.

  • On the Closing Date, MPC and SPP Refining shall pay Transfer Taxes related to the conveyance of the Refinery Real Property owned by MPC pursuant to Minn.

  • It increases hourly billing rates for the President from $125 to $130 and for the Senior Associate from $80 to $85.

  • Also, collect basic statistics of demographic characteristics, health and safety conditions.

  • Sellers shall provide the applicable Purchaser Entities and their designees with reasonable access, at no cost to the Purchaser Entities, to the Refinery Real Property, the Proprietary Terminals Real Property and/or the Joint Venture Terminals Real Property, as applicable, for purposes of conducting the Survey, subject to Sellers’ safety and access procedures and requirements and any consent rights of Third Parties with respect thereto.


More Definitions of Refinery Real Property

Refinery Real Property means the tract(s) (or parcel(s)) of land described on Schedule 4.04(a) together with all easements, appurtenances, rights and leases, and other hereditaments appurtenant to such land and all the estates and rights of Seller in and to such land and all other easements, rights of way, licenses and similar rights used exclusively in connection with the Operations, in each case subject to Permitted Encumbrances. For the avoidance of doubt, the Blend Plant Real Property is not included in the definition of “Refinery Real Property” except to the extent appropriate for purposes of Section 2.08.
Sample 1
Refinery Real Property means the real property upon which the Refinery is situated, as described and identified on Exhibit A-1; provided that, once the Survey is complete as provided in Section 8.8(b) of this Agreement, then the metes and bounds description set forth in such Survey shall supersede the metes and bounds description set forth on Exhibit A-1.
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Refinery Real Property means the Refinery Owned Real Property and the Refinery Leased Real Property, collectively.
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Refinery Real Property means the Refinery Site and the other real property (including any Refinery Facilities and fixtures that are real property under state law) associated with, related to, or used in connection with the Refinery or the Refinery Business, including without limitation, all leases, easements, servitudes, rights-of-way, mineral rights, water rights, appurtenant rights, permits, licenses, franchises, grants, certificates and other rights to use the surface.
Sample 1

Related to Refinery Real Property

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Eligible Real Property means, as to each Borrower, Real Property owned by such Borrower in fee simple and included in an appraisal of such Real Property received by Agent in accordance with the requirements of this Agreement and in each case acceptable to Agent in good faith based on the criteria set forth below. Eligible Real Property shall not include: (a) Real Property which is not owned and operated by a Borrower; (b) Real Property subject to a security interest, lien or mortgage or other encumbrance in favor of any person other than Agent, except those permitted under Sections 9.8(b), (d) and (i) hereof; (c) Real Property that is not located in the United States of America; (d) Real Property that is not subject to the valid and enforceable, first priority, perfected security interest, lien and mortgage of Agent; (e) Real Property where Agent determines that issues relating to compliance with Environmental Laws materially adversely affect the value thereof or the ability of Agent to sell or otherwise dispose thereof (but subject to the right of Agent to establish Reserves after the date hereof to reflect such material adverse affect); (f) except as Agent may otherwise determine, Real Property improvements located on land which is not owned in fee simple by such Borrower; and (g) Real Property improved with residential housing. The criteria for Eligible Real Property set forth above may only be changed and any new criteria for Eligible Real Property may only be established by Agent acting in good faith based on either: (1) an event, condition or other circumstance arising after the date hereof, or (2) an event, condition or other circumstance existing on the date hereof to the extent Agent has no written notice thereof from any Borrower prior to the date hereof, in either case under clause (i) or (ii) which adversely affects or could reasonably be expected to adversely affect such Real Property in any material respect in the good faith determination of Agent.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Material Leased Real Property shall have the meaning given in Section 3.7(b).

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Material Real Property means any fee owned Real Property located in the United States that is owned by any Loan Party with a fair market value in excess of $10,000,000 (at the Closing Date or, with respect to Real Property acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith).

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.