Statoil Claims definition

Statoil Claims means all amounts, obligations and other liabilities of any Borrower or any other Loan Party to Statoil now or hereafter arising under, or in connection with, the Paulsboro Oil Supply Agreement including time value of money and any interest thereon (including, without limitation, interest accruing after the commencement of a bankruptcy, insolvency or similar proceeding relating to any of the Borrowers or Loan Parties, whether or not such interest is an allowed claim in any such proceeding), any reimbursement obligations, fees or expenses due thereunder, and any costs of collection or enforcement in each case as provided for under the Paulsboro Oil Supply Agreement or applicable law.
View Source
Statoil Claims means all amounts, obligations and other liabilities of PBF or any of its affiliates to Statoil now or hereafter arising under, or in connection with, the Paulsboro Oil Supply Agreement including time value of money and any interest thereon (including, without limitation, interest accruing after the commencement of a bankruptcy, insolvency or similar proceeding relating to PBF or any of its affiliates, whether or not such interest is an allowed claim in any such proceeding), any reimbursement obligations, fees or expenses due thereunder, and any costs of collection or enforcement in each case as provided for under the Paulsboro Oil Supply Agreement or applicable law.
View Source

Examples of Statoil Claims in a sentence

  • In addition, each of the Revolving Agent (for itself and on behalf of each of the Revolving Lenders) and the Term Loan Agent (for itself and on behalf of each of the Term Loan Lenders) hereby agrees that, unless and until the Statoil Claims have been paid and satisfied in full in cash and the Oil Supply Agreements have terminated(other than Unasserted Contingent Obligations), Statoil may receive direct payments from MSCG or its successors or assigns in respect of Certain MSCG Receivables.

  • In addition, each of the Revolving Agent (for itself and on behalf of each of the Revolving Lenders) and the Term Loan Agent (for itself and on behalf of each of the Term Loan Lenders) hereby agrees that, unless and until the Statoil Claims have been paid and satisfied in full in cash and the Paulsboro Oil Supply Agreement has terminated (other than Unasserted Contingent Obligations), Statoil may receive direct payments from MSCG or its successors or assigns in respect of Certain MSCG Receivables.