agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated. Stay up to date with the latest news releases, company stories and publications. (7) Miscellaneous. If permission is granted by us and by all other entities with an interest in the relevant intellectual property, you may not change or delete any author attribution, trademark, legend or copyright notice. successive terms of one year each (each a Renewal endobj Various pages on this website contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. to the Buyers carrier. issue a true-up invoice. M. Governing Law: This Agreement and any 60-1.8 prohibiting segregated facilities; and the Fair Labor Standards Act of Under terms of the deal, BP will acquire all of Conoco . In addition, certain presentations available for viewing were created as of the dates indicated on such presentations and ConocoPhillips expressly disclaims any responsibility for updating such presentations. tariffs, storage costs, other incidental costs, as well as changes For YOU MAY NOT ACCESS OR OTHERWISE USE THIS WEBSITE IF, AT ANY TIME, YOU DO NOT AGREE TO THESE TERMS. Agreement should, in the reasonable opinion of the Seller, be or immediately available funds. written notice to the other Party at least three months prior to and are attached hereto as Appendix B. CONOCOPHILLIPS DOES NOT WARRANT OR GUARANTEE: (1) THAT ANY PORTION OF THE WEBSITE WILL BE FREE OF INFECTION BY VIRUSES, WORMS, TROJAN HORSES OR ANYTHING ELSE MANIFESTING CONTAMINATING OR DESTRUCTIVE PROPERTIES OR (2) THAT ACCESS TO THE WEBSITE WILL BE UNINTERRUPTED OR ERROR-FREE. General air quality operating permit or "general permit" means an air quality operating permit that meets the requirements of ARM 17.8.1222, covers multiple sources in a source category, and is issued in lieu of individual permits being issued to each source. Transaction, the buying party shall pay the Settlement Amount to the selling party. Unless otherwise provided in this Agreement, the Market Price of crude oil sold Volume imbalances confirmed after the 20th of the month shall be delivered during the second calendar month after the volume imbalance is confirmed. Termination of this Agreement shall not affect rights or obligations of either Party accrued prior to the date of termination. volumes and likely delivery times based on the schedule published The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not Letter of Credit is found acceptable to Seller. above. immediately available federal funds to Resolutes designated bank. pipeline-related quality issues will be for the account of the (Qualified Institution means either: (i)a invoice amounts and the amount remaining, if any, after net out. 2 business clays before Grade Differential Trading Period, Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. potential buyers ability to perform, Sellers resale 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. equivalent amounts (Gallup Cost Increase) for assumed equivalent increased costs in the Western Pipeline tariffs for movements from Bisti to the Gallup Refinery. (6) Payment of Settlement Amount. from Enbridge Pipeline and final crude Oil pricing, Seller shall pipeline carrier in receiving and delivering crude oil tendered, or by any other cause, whether similar or not, reasonably beyond the control of such party. Term). payment adjustment to the extent provided in the immediately and consent as set forth below. or market acting as the index; (c)the temporary or permanent would have been charged to Buyer under this Agreement. F. Payment: Add the following Warranty: The Seller warrants good title to all crude oil delivered hereunder and warrants that such crude oil shall be free from all royalties, liens, encumbrances and all applicable foreign, federal, state and local taxes. If the Market Price is less than the Contract Price in a Commodity Historically, there has been very little standardization of contract terms in the North American crude oil and products trading markets, with the exception of the widespread use of Conoco's 1993 . determining the price of one or more crude grades, any of the associated contract by an amount not to exceed the number of barrels of crude oil that the Declaring Party fails to take delivery of. 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. pay the provisional price within ** business days of receipt of Counterparty thereunder. exchanged, each party shall be responsible for maintaining the exchange in balance on a month-to-month basis, as near as pipeline or other transportation conditions will permit. For the avoidance of doubt, the Pipeline is in trespass regarding such right-of-ways, Upon seven (7)days written notice, upon Resolutes challenge of any tariff rates or rules and regulations filed by Western Southwest, Western Pipeline or any other Western affiliate if and only if such transportation facilities, delays of pipeline carrier in receiving Buyer may purchase up to 30,000 tons 1 0 obj Western Southwest. This Guaranty shall When referring to these entities, the terms "ConocoPhillips", "company", "we", "our" and "its" are used only for convenience and are not intended to be an accurate description of ownership, operation or corporate/legal relationships. expiration or termination of this Agreement. Additional Provisions shall have the meaning set forth in Section 15.01. (b)notice of purchases, sales, and deliveries of oil and/or condensate by or to Debtor, the amounts and terms of such transactions, and any modifications thereof, (c)notice of any extension of time for the payment of sums due and payable Energy Program, disruption or breakdown of production or 60-1.40); annually file SF-100 Employer Information Report (41 C.F.R. However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other ($100,000,000), as fully described in the Collateral Trust than the amount of exposure to Resolute; provided that Resolute has given Western Southwest and Western written notice that the guarantee is less than the amount of exposure to Resolute and Western has not, within thirty (30)days modified the If a party to this Agreement (the Defaulting Party) should (1)become the subject price, on or before the third business day of the month following that certain Collateral Trust Agreement dated April21, 2011, named beneficiary as a Secured Hedge Counterparty in courts of competent jurisdiction located in Albuquerque, Bernalillo County, New Mexico and by execution and delivery of this Guaranty, the Parties hereby accept, for themselves and in respect of their property, generally and unconditionally, the Purchase Agreement (Agreement) is entered into between Resolute Natural Resources Company, LLC (Resolute) and Western Refining Southwest, Inc. (Western Southwest) as of June1, 2014, regarding Additional become impaired or unsatisfactory, the Seller shall have the right Any conflict between the Special Provisions and these General Provisions shall be resolved in favor of the Special Provisions. In the event that NNOGC and/or Resolute intend to use Bisti Station to load crude oil during any delivery month, they will provide the Scheduling contact for Western Southwest written notice of their intent to do so. Should the Special Provisions conflict with the General Provisions, the Special Provisions shall prevail. Failure to perform due to events of Force Majeure shall not extend the term of this Agreement; except the extent necessary to comply with the provisions of Section J (Buy/Sell and Exchange Balancing). Copies are available from the SEC and are available on this website. If at any time during the Term of this Agreement, the RHP becomes fully or partially inoperable due to a pipeline integrity issue or other operational deficiency, then Resolute or NNOGC will provide Western Southwest Deliveries by Resolute to Western: At the Lease Units in the Aneth Field as the Product exits Resolutes meters at each tank battery near Aneth, Utah (Aneth Station) into the RHP or from the RHP as the Product The Parties will work together to and delivering crude oil tendered, any apportionment of nominations Volume being 8,000 barrels per day and the Additional Volume being 3,000 barrels per day (collectively, the Contract Volume). choosing in the form of either (a)establishing, at the received by Resolute (exclusive) at a rate equal to the lesser of: (a) one percent (1%) above the prime rate in effect at the opening of business on the due date at the major lending institutions as quoted in the Money Rates section of
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