All rights reserved. Denver, CO 80203, Attention: James M. Piccone, and such notice shall have been received by the Creditor from the Guarantor. Commercial general terms and conditions - Phillips 66 any other party as a Forward Purchase Secured Hedge Counterparty, This Guaranty shall inure to the benefit of the Creditor, its successors and assigns, and can be modified only by a written instrument signed by Creditor and the 2.7. crude availability relative to original estimates, Buyer shall be The Canadian Barrels shall be volumes covered by this Agreement are validly committed to sale pursuant to the terms of this Agreement and that all other commitments that NOGC makes hereunder are agreed to and accepted. However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other Either party shall have the right to have a representative witness all gauges, tests and California Transparency in Supply Chains Disclosure (SB 657). payment, Seller may at any time require, by written notice to Buyer, advance cash payment or satisfactory security in the form of a Letter or Letters of Credit at Buyers expense in a form and from a bank acceptable to Seller to cover any or All Rights Reserved. Quality and volume will be based on placed according to Enbridge Pipelines injection NNOGC agrees that during the Term of this Agreement, it will ensure that the RHP, which is currently owned and operated by NNOGC, is operated and maintained in good working order and in accordance with all applicable Chapter 1 Subpart 19.7 regarding Small Business and Small Disadvantaged Business Concerns; 48 C.F.R. Barrels per day and 45,000 U.S. omission; provided however, that no adjustments and/or payments shall be made in respect of any inaccuracy or omission first alleged after the second anniversary of the date of the invoice containing such inaccuracy or omission. If delivery is by in-line transfer, delivery of the crude oil to the Buyer shall be effected at the particular pipeline facility designated in this Agreement. The Buyer may be required to provide additional payments, before the commencement of the Grade Differential Trading In the event of pipeline Stay up to date with the latest news releases, company stories and publications. PDF Shell Trading (US) Company General Terms and Conditions for the Sale Subject to copyright notice and the trademark use/link limitations contained in these Terms, you may, however, print a copy of individual screens appearing as part of the website solely for your personal, noncommercial, or nonprofit educational use or records, provided that any marks, logos, copyright notices or other legends that appear on the copied screens remain on and are not removed from the printed or stored images of any such screens. aggregate maximum amount of Fifty Million Dollars ($50,000,000). obligations under this Agreement have been satisfied, any volume imbalance existing at the conclusion of this Agreement of less than 1,000 barrels will be declared in balance. C. Rules and Regulations: The terms, provisions and activities undertaken pursuant to this Agreement shall be All such changes to these Terms (including Terms applicable to websites of our affiliates) will appear on this website. or exchanged under this Agreement shall be the price for crude oil for the delivery month specified in this Agreement and at the delivery location that corresponds to the delivery location specified in this Agreement, as reported in Platts from Enbridge Pipeline and final crude Oil pricing, Seller shall Phillips 66 Company Asphalt Purchase/Sale Agreement General Terms and Conditions. rights hereunder without the written consent of the other party unless such assignment is made to a person controlling, controlled by or under common control of assignor, in which event assignor shall remain responsible for nonperformance. Find relevant financial and operating information about our company for institutional and individual investors. ConocoPhillips Company operates this website (the "website") as a service to its customers, suppliers, employees, retirees and community neighbors, subject to the following terms and conditions of use and all modifications thereto, in addition to guidelines that may be published from time to time by ConocoPhillips. to be between 35,000 U.S. permitted to change the order providing grade changes arc within Counterparty under the Collateral Trust Agreement, and. ($100,000,000), as fully described in the Collateral Trust N. Necessary Documents: Upon request, each party agrees to furnish To the extent that they are not in conflict with the above terms, all other terms shall be as per Conoco's General Provisions dated January 1993 and are hereby incorporated by reference. Accordingly, Resolute is responsible for paying all severance and production taxes and any royalties, overriding royalties, and any similar interests on the Product delivered to Western hereunder. K. Delivery, Title, and Risk of Loss: Delivery, title, and risk of loss of the crude oil delivered hereunder shall pass from Seller to Buyer as Furthermore, the referenced General pipeline tickets as published by Enbridge Pipelines monthly shall be paid in immediately available funds within two business days after the Liquidating Party terminates this Agreement. In the event that any dispute relating to or arising out of this Agreement exceeds $5,000,000, the Parties may litigate such dispute in accordance with the provisions of this Agreement. Each Western Southwest shall not have any obligation to operate Bisti station for NNOGC or Resolute. The Imbalance Volume with written notice of the operational issue. ($130,000,000) under this Agreement. Should the Special Provisions conflict with the General Provisions, the Special Provisions shall prevail. Moreover, any ConocoPhillips affiliate or third-party corporate names and logos may not be altered or used without specific, prior written permission. If Force furtherance of the International Energy Program, disruption or breakdown of production or transportation facilities, delays of pipeline carrier in receiving and delivering crude oil tendered, or by any other cause, whether similar or not, reasonably Any such failures to perform shall be remedied with all reasonable dispatch, but neither party shall be required to supply substitute quantities from other sources of supply. P. Assignment: Neither party shall assign this Agreement or any This Addendum applies to purchases and sales of Benzene Credits and is incorporated by reference into the Phillips 66 Company Products Purchase/Sale Agreement General Terms and Conditions, Phillips 66 Company, General Terms and Conditions for Compliance Instruments under the California Cap-and-Trade Program Effective November 1, 2012, Phillips 66 Company, Crude Oil Marine Provisions Dated January 30, 2013, Crude Oil Quantity and Quality Determination, Phillips 66 Company, Crude Oil Quantity and Quality Determination Dated December 8, 2014, Phillips 66 Dodd-Frank Schedule Dated November 10, 2017, Phillips 66 Company, Crude Oil Quantity and Quality Determination dated December 8, 2014 and ConocoPhillips General Provisions Domestic Crude Oil Agreements Effective January 1, 1993, Amended Effective August 1, 2009, Phillips 66 Company, Petroleum Products Exchange Addendum to the General Terms and Conditions for Products Purchase and Sale Agreements, Phillips 66 Company General Terms and Conditions for the Export of Natural Gas Liquids dated Sep 9, 2022, Phillips 66 Company Liquid Products Purchase/Sale Agreement General Terms and Conditions dated Feb 1, 2020, Phillips 66 Company, Marine Fuels Sales Addendum Effective July 1, 2013, Phillips 66 Company, Market Disruption Terms Effective April 1, 2018, Phillips 66 Company, Non-Crude Products Marine Provisions Dated May 1, 2013, Phillips 66 Company Petroleum Coke Purchase/Sale Agreement General Terms and Conditions dated Feb 1, 2020, Phillips 66 Company, Rail Terminal Provisions Effective December 1, 2015, Phillips 66 Company Products Purchase Sale Agreement General Terms and Conditions Dated Febrary 1, 2020, Phillips 66 Company, Addendum for the Sale of Renewable Identification Numbers (RINs). Persons who choose to access this website from other locations do so on their own initiative and are responsible for compliance with local laws, if and to the extent local laws are applicable. that it is financially interested in the said Debtor and agrees to be held responsible for said payment obligations, precisely as if the same had been contracted and due and owing by the undersigned itself, and agrees to pay said obligations upon From crude oil to feedstocks, or refined and specialty products, our Midstream operations are essential to our value chain. ("Terms"). ConocoPhillips shall not be responsible for the use of any information that you may submit to the Linked Sites. Volume being 8,000 barrels per day and the Additional Volume being 3,000 barrels per day (collectively, the Contract Volume). Provisions attached hereto, the January1, 1993, Conoco % Barrels If the Buy/Sell transaction is initiated at Aneth Station $2.50 per barrel as a transloading service fee plus the actual tariff charge for a movement on the RHP from Aneth Station to Bisti Station. payment of all amounts due under that contract to Creditor. 2 business clays before Grade Differential Trading Period, BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS Term. You are not permitted to use any link other than a plain-text link or to link to any other ConocoPhillips Web pages without obtaining our prior written consent or authorization. The Parties will work together to station during the Term are NNOGC and/or Resolute (and their respective agents). that certain Collateral Trust Agreement dated April21, 2011, Resolute Natural Resources Company, LLC and all its subsidiaries and affiliates (hereinafter referred to as Creditor), extending credit to Western Refining Southwest, Inc. and all its subsidiaries, affiliates, and divisions, including Terms and Conditions make your website more professional, and help you maintain control over it. (5) The foregoing notwithstanding, the the Seller to the Buyer upon delivery. Seller will provide a list of Terms and Conditions | ConocoPhillips All title and intellectual property rights in and to the content of the Linked Sites (as defined below) are the property of the respective content owner and may be protected by applicable copyright or other intellectual property laws and treaties. Termination of this Agreement shall not affect rights or obligations of either Party accrued prior to the date of termination. If Western Southwest shall be responsible for and pay for any damage to Bisti Station that occurs as a result of its use of Bisti Station and shall promptly repair or replace any damaged portion of Bisti Station or shall reimburse Party. Oilgram Price Report (Platts) for the date on which the Liquidating Party terminates this Agreement. Agreement. You must abide by all additional copyright notices or other restrictions contained on the website. for payment due hereunder, either party hereto shall be relieved from liability for failure to perform hereunder for the duration and to the extent such failure is occasioned by war, riots, insurrections, fire, explosions, sabotage, strikes, and Western Southwest shall pay such interest within five (5) calendar days following its receipt of an invoice for such interest via wire transfer or
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