SJV System definition

SJV System means the 189.2 mile crude pipeline system (collectively, the “SJV System”) which consists of: (i) the M1, M55 and M70 pipelines in California with approximately 110,000 bpd of capacity; (ii) 11 pipeline stations positioned between Belridge and the Torrance Refinery with heavy crude heating, pumping and storage capabilities; and (iii) 11 breakout tanks with an aggregate capacity of 988,000 barrels.
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SJV System means the proprietary crude oil gathering pipeline system located on the west side of San ▇▇▇▇▇▇▇ Valley, California, in the area of the South Belridge and Midway-Sunset oil fields and related terminal, oil storage and other facilities owned by CGC, as generally described at Exhibit D to this Agreement.
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SJV System means the Crude Pipelines and the Tanks.
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Examples of SJV System in a sentence

  • Consideration for the services provided hereunder effective as of the SJV System Drop Down Closing Date shall be an administrative fee (the “Administrative Fee”) of $5,700,000 per year, payable in equal monthly installments on or before the tenth business day of each calendar month, with any partial months prorated.

  • Notwithstanding any of the foregoing, if a default hereunder with respect to TVPC has occurred and is continuing, the PBF Holding Inspectors shall have unlimited and unrestricted access to the SJV System, for so long as such default continues.

  • Prior to the Closing Date, Seller shall cause the Celeron Companies to operate the All American System and the SJV System and maintain the Celeron Assets and the Pipeline Rights-of-Way in accordance with past practices and to use reasonable efforts to preserve the goodwill of its suppliers, employees and customers.

  • Seller and each of the Celeron Companies have made available to Purchaser and Plains all documents, files and records in their possession, or in the possession of any environmental consultant retained by the Celeron Companies, Seller or Goodyear, relating to the environmental condition of the All American System and the SJV System, including bills of lading or other instruments relating to the disposal of waste materials generated at any of the properties owned or operated by the Celeron Companies.

  • If TVPC takes any of the Tanks out of service for regulatory requirements, repair, or maintenance, then, except as provided in Section 5(c), PBF Holding shall be solely responsible for any alternative storage or Crude Oil movements as required and all third-party fees associated with such movements that are not within the SJV System.