West Rack Assets definition

West Rack Assets means the heavy crude oil unloading rack with an estimated capacity of at least 40,000 barrels of oil per day located at the Delaware City, Delaware refinery owned by DCR, as generally described on Exhibit D;
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Examples of West Rack Assets in a sentence

  • From and after the Closing, the Partnership shall preserve and keep a copy of all books and records (other than Tax records which are addressed in Article VII) relating to the business or operations of DCT II and the West Rack Assets on or before the Closing Date in the Partnership’s possession for a period of at least seven years after the Closing Date.

  • The Partnership shall be responsible for, and shall indemnify PBF Energy for all Taxes related to the West Rack Assets with respect to the portion of any Tax Straddle Period after the Closing Date.

  • The Parties acknowledge and agree that the following easements relating to West Rack Assets will be entered into prior to or at Closing: (a) the Access Easement between DCR, as grantor, and DCT II, as grantee, (b) the Pipeline Easement between DCT II, as grantor, and DCR, as grantee, and (c) the Utility Easement, between DCR, as grantor, and DCT II, as grantee, in each case, in the form attached hereto on Schedule 6.10.

  • Schedule 4.14 sets forth a list of the material insurance policies with respect to which the West Rack Assets and the Business are beneficiaries.

  • PBF Energy shall be responsible for, and shall indemnify the Partnership and the Partnership for, all Taxes related to the West Rack Assets with respect to the portion of any Tax Straddle Period prior to the Closing Date.

  • PBF Energy shall deliver to the Partnership within thirty (30) days of filing copies of all Tax Returns filed by or on behalf of PBF Energy after the Closing Date relating to the West Rack Assets and any supporting documentation provided by or on behalf of PBF Energy to taxing authorities, excluding Tax Returns related to income tax, franchise tax, or other similar Taxes.

  • Since the In-Service Date, (a) the Business has been conducted, in all material respects, only in the ordinary course and (b) there has been no damage, destruction or loss to the West Rack Assets that would reasonably be expected to have a Material Adverse Effect.

  • PBF Energy and the Partnership agree to furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information (including access to books and records) and assistance relating to the West Rack Assets as is reasonably requested by PBF Energy, the Partnership or any Affiliate for the filing of any Tax Returns, for the preparation of any audit, and for the prosecution or defense of any Tax claim.

  • DCR currently has access to, owns or has the right to use (and, at Closing, DCT II will have access to, own or have the right to use) pursuant to license, sublicense, agreement or otherwise all items of Intellectual Property required in connection with the ownership of West Rack Assets and the operation of the Business as presently conducted.

  • Except as set forth in Schedule 4.10, (a) there are no legal actions before any Governmental Authority or lawsuits pending or, to the Knowledge of PBF Energy, threatened against PBF Energy or any Affiliate relating to the West Rack Assets, other than lawsuits or actions which would not reasonably be expected to have a Material Adverse Effect, and (b) the West Rack Assets are not subject to any injunction, order or unsatisfied judgment from any Governmental Authority.

Related to West Rack Assets

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Fixed Assets means Equipment and Real Estate.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • Disposal site means that portion of a land disposal facility that is used for disposal of waste. It consists of disposal units and a buffer zone.

  • Waste Disposal Site means a Waste Disposal Site which is not a Hauled Sewage Disposal Site, a Sewage Works or a Waste Stabilization Pond; and

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Non-Performing High Yield Securities means High Yield Securities other than Performing High Yield Securities.

  • Pollution control facilities means water and air pollution control equipment and solid waste disposal facilities or any of them.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • BBBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.