Examples of Statoil Assets and Collateral in a sentence
Each party hereto shall, upon reasonable request of any other party hereto, provide copies of all such modifications or amendments and copies of all other agreements, instruments, filings or documentation relevant to the Statoil Assets and Collateral or the Lenders Collateral.
In the event that any party hereto shall be required by the UCC or any other applicable law to give notice to the other of an intended Disposition of Statoil Assets and Collateral or Lenders Collateral, respectively, such notice shall be given in accordance with Section 3.1 hereof and ten (10) days’ notice shall be deemed to be commercially reasonable.
Statoil and the Lenders Agents hereby severally appoint each other as agent for purposes of perfecting by possession their respective ownership interests and Liens on the Lenders Collateral and the Statoil Assets and Collateral described hereunder.
Unless this Program Agreement is sooner terminated pursuant to the provisions of Section 3.5.5, Section 3.5.7, Section 16, or any other ground permitted hereunder or allowed by law, this Program Agreement shall continue in effect until the termination date of the Site-Specific Agreement(s) last in effect pursuant to this Program Agreement, which termination date shall likewise be the termination date of this Program Agreement.
Statoil agrees that if Revolving Agent demonstrates to Statoil that identifiable cash proceeds of Revolving Lenders Collateral have become part of the Statoil Assets and Collateral, and such demonstration is made to Statoil within five Business Days of such identifiable cash proceeds of Revolving Lenders Collateral becoming part of the Statoil Assets and Collateral, then in such instance, and solely in such instance, Statoil shall promptly turn over such identifiable cash proceeds to Revolving Agent.
The amount of the total authorized capital stock of the Corporation shall be SIXTY THOUSAND Dollars ($60,000.00), consisting of FIFTY MILLION (50,000,000) shares of Common Stock, par value $.001 per share and TEN MILLION (10,000,000) shares of Preferred Stock, par value $.001 per share.
Nothing in this Agreement will be deemed to require either Statoil or any Lenders Agent to marshal the applicable Lenders Collateral (or any other collateral) or the Statoil Assets and Collateral, as applicable, upon the enforcement of a Lenders Agent’s or Statoil’s remedies under the applicable Loan Documents or the Oil Supply Agreements, as the case may be.
Nothing in this Agreement will be deemed to require either Statoil or Valero to marshal the applicable Valero Collateral (or any other collateral) or the Statoil Assets and Collateral, as applicable, upon the enforcement of Valero’s or Statoil’s remedies under the applicable Seller Note Agreement, any of the Collateral Documents or the Paulsboro Oil Supply Agreement, as the case may be.
Statoil and Valero hereby severally appoint each other as agent for purposes of perfecting by possession their respective ownership interests and Liens on the Valero Collateral and the Statoil Assets and Collateral described hereunder.
Statoil agrees that if Term Loan Agent demonstrates to Statoil that identifiable cash proceeds of Term Loan Lenders Collateral have become part of the Statoil Assets and Collateral, and such demonstration is made to Statoil within five Business Days of such identifiable cash proceeds of Term Loan Lenders Collateral becoming part of the Statoil Assets and Collateral, then in such instance, and solely in such instance, Statoil shall promptly turn over such identifiable cash proceeds to Term Loan Agent.