Tank Lease definition

Tank Lease means the tank lease agreement, to be effective immediately after the Closing, substantially in the form of Exhibit I.
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Examples of Tank Lease in a sentence

  • During the term of the Delaware City Tank Lease and this Agreement, Buyer shall, and shall cause DCRC to, comply with all of the terms of the Delaware City Tank Lease.

  • Seller contemplates that during the term of the Agreement, Seller may enter into a Tank Lease Agreement in substantially the form of Appendix 16 (the “Delaware City Tank Lease”) with DCRC, which is an Affiliate of Buyer, providing Seller rights to certain storage tanks at the Delaware City refinery.

  • The Tank Lease Fee shall be adjusted (both upward and downward as hereinafter provided) by a factor equal to the increase or decrease, as the case may be, in the Consumer Price Index.

  • The Tank Lease Fee does not include wharfage fees to the Tampa Port Authority.

  • None BDCO ● Amended and Restated Tank Lease Agreement dated January 1, 2016 between Ingleside and LE (periodic additional product storage needs) Terminated April 2017.

  • Failure to make payments under the invoice terms will result in Early Termination of this Propane Tank Lease Agreement (see Section 9).

  • These charges will be above and beyond the Annual Tank Lease fee.

  • The Customer shall pay the Owner the following compensation for services (the "Tank Lease Fee").

  • To the extent such removal and replacement have not been completed as of the Closing, Seller agrees to permit Buyer to utilize any barrels of the ▇▇▇▇▇▇▇ Inventory remaining in Buyer’s custody in such tankage prior to removal by Seller in meeting Buyer’s obligations to provide tank heel inventory under the ▇▇▇▇▇▇▇ Tank Lease during such thirty (30) day period after the first day of the month following the Closing Date.

  • Exhibit I (Form of Tank Lease Agreement) to this Sixth Amendment is hereby added as Exhibit I to the Purchase Agreement.