Refinery Turnaround definition

Refinery Turnaround means a period not to exceed three months when Buyer, by notice to the State, may reduce the quantity of Sale Oil it nominates and purchases from the State to less than 18,800 barrels per Day because the Valdez, Alaska refinery or North Pole, Alaska refinery reduce the processing of Sale Oil for the purpose of performing planned or unplanned maintenance, repairs or capital improvements to the refinery.
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Refinery Turnaround means a period not to exceed three months when Buyer, by notice to the State, may reduce the quantity of Sale Oil it nominates and purchases from the State to less than the minimum number of barrels per Day as designated for each Period in clause 2.1.1. because the ▇▇▇▇▇▇, Alaska refinery or North Pole, Alaska refinery reduce the processing of Sale Oil for the purpose of performing planned or unplanned maintenance, repairs or capital improvements to the refinery.
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Examples of Refinery Turnaround in a sentence

  • Seller will be an independent contractor with respect to all Refinery Turnaround and Startup Activities performed pursuant to this Section.

  • Notwithstanding the preceding sentences to the contrary, in the event this Agreement is terminated pursuant to Section 10.1(e) then the amount of the Deposit that is to be refunded to Buyer shall be reduced, but not below zero, by the amount of Losses incurred by Seller and its Affiliates related to or arising from the Refinery Turnaround and Startup Activities including Losses related to the disposition of Feedstock Inventory, Undelivered Refinery Inventory and Committed Refinery Inventory.

  • The provisions of this Section 6.1(h) shall survive the termination or completion of the Refinery Turnaround and Startup Activities and the Closing.

  • If a Lessee invokes the Force Majeure terms of its Royalty Settlement Agreement as a result of a reduction in Buyer's nomination in the event of Buyer’s Force Majeure, Refinery Turnaround, or for any other reason, Buyer’s reduced nomination shall not become effective until the end of the additional 90 Day notice period.

  • In connection with the Refinery Turnaround, Seller may incur certain third party expenditures (the “Turnaround Expenditures”) between the Execution Date and the Closing Date, including the expenditures described in Section 2.10 of the Seller Disclosure Schedule to the extent incurred between the Execution Date and the Closing Date.

  • From and after the date the Refinery Turnaround and Startup Activities commence, Seller shall provide, as requested by Buyer, reasonably appropriate records indicating the Refinery Startup Expenses incurred to date with a reasonable level of detail sufficient to allow Buyer to evaluate Seller's draws on the Refinery Startup Deposit.

  • From and after the date the Refinery Turnaround and Startup Activities commence, Seller shall provide, as requested by Buyer, reasonably appropriate records indicating the Refinery Startup Expenses incurred to date with a reasonable level of detail sufficient to allow Buyer to evaluate Seller’s draws on the Refinery Startup Deposit.

  • In the event Buyer and Seller are unable to resolve the Refinery Startup Dispute in accordance with the foregoing provisions, Seller may, in Seller's discretion, cease further Refinery Turnaround and Startup Activities.

  • In the event Buyer and Seller are unable to resolve the Refinery Startup Dispute in accordance with the foregoing provisions, Seller may, in Seller’s discretion, cease further Refinery Turnaround and Startup Activities.

  • Seller shall permit a Diligence Representative of Buyer to have reasonable access to the Refinery, subject to Section 6.6, to review such reports and monitor the Refinery Turnaround and Startup Activities.

Related to Refinery Turnaround

  • Refinery means a facility for the manufacture or reprocessing of finished or unfinished petroleum

  • Gathering System means that portion of Gatherer’s pipeline system, including all appurtenances thereto, related to the provision of gathering and transportation services provided by Gatherer pursuant to this tariff.

  • generating plant means the generating facility described in Schedule 1 as amended from time to time;

  • Terminal means the EMV-enabled machine, terminal or other hardware device you obtain from NCR Voyix as an item of Hardware to use in connection with the Service to make the Offering to the Service User and to access the EMV PSP Service.

  • Finished water means the water that is introduced into the distribution system of a public water system and is intended for distribution and consumption without further treatment, except as treatment necessary to maintain water quality in the distribution system (e.g., booster disinfection, addition of corrosion control chemicals).