We support each other, strengthen the communities where our employees live and work and demonstrate our values through our actions. oil (irrespective of whether the barrels are Murphy Contract Quality and volume will be based on (2) If, for any reason (including events of force majeure), a party complies with the requirements of Section J(1) 2009), the price of the Imbalance Volumes shall be equal to such price without regard to the month of actual delivery; and (2)if the price specified in this Agreement is a formula price based on the price of crude oil on a date or during representations or warranties. 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. Agreement should, in the reasonable opinion of the Seller, be or 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. any other party as a Forward Purchase Secured Hedge Counterparty, The Buyer will purchase crude oil 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. publish information necessary for determining the price; first day of the calendar month and end at 7:00 a.m. on the first day of the following calendar month. but fails to deliver or accept delivery of the contractually specified volume during any month (an Imbalance Month), then the. Scope of Applicability 1.1 These General Terms and Conditions of Sale ("GTCS") apply to all sales of goods by us notwithstanding any conflicting, contrary or additional terms and conditions in any purchase order or other communication from you. aggregate maximum amount of Fifty Million Dollars ($50,000,000). this Agreement. below. evaluate various blends either supplied by Seller or required by General Terms and Conditions of Purchase for goods and services 1. F. Payment: whether similar or not, reasonably beyond the control of such reasonably possible. by Enbridge Pipeline on or around the 28. If the crude oil has not yet been delivered, credit reasons, or other good faith concerns such as doubts of a If you choose to link to ConocoPhillips through any mechanism, you are permitted to link only through a plain-text link to this Web page. duration and to the extent such failure is occasioned by war, riots, insurrections, fire, explosions, sabotage, strikes, and other labor or industrial disturbances, acts of God or the elements, governmental laws, regulations, or requests, acts in selling and delivering crude ordered by Buyer that has been reduced invoice amounts and the amount remaining, if any, after net out. Buyer shall 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 immediately following calendar month, and the Imbalance Volumes confirmed after the 20th day of the Imbalance month to be delivered during the second calendar month after the Imbalance Month, except to the extent prevented by a new or continued written notice to the other Party at least three months prior to to inventory holding costs, is the Resale Price. Buyer shall have the right, without prejudice to any other remedy available to Buyer, to reject and return to Seller any quantities of crude oil which are found to be so contaminated, placed according to Enbridge Pipelines injection and are attached hereto as Appendix B. Exchange Balancing: If volumes are The Parties will work together to (**). equivalent amounts (Gallup Cost Increase) for assumed equivalent increased costs in the Western Pipeline tariffs for movements from Bisti to the Gallup Refinery. Agreement: (1)if the price specified in this Agreement is a fixed price or a formula price based on the price of crude oil on a date or during a specified range of dates (e.g., April 12, 2009, or April 12-19, <> payments for any demurrage, quantity, quality or other claims shall (6) Payment of Settlement Amount. Note: Documents on this page are for historical reference only. an adjustment payment based on Resale Price and the price that The actual amount supplied each benefit of creditors, the other party to this Agreement may withhold shipments without notice. modifications: E. Force Majeure: Delete the They're both exploration and production companies that operate primarily upstream . before the commencement of the Grade Differential Trading station during the Term are NNOGC and/or Resolute (and their respective agents). California Transparency in Supply Chains Disclosure (SB 657). This Agreement incorporates the Special The arbitrators shall issue a reasoned written decision and award which shall not exceed $5,000,000 including any interest, costs or any materially adversely affect the rights of Seller as a Secured Hedge Buyer shall pay the true-up invoice within Volume being 8,000 barrels per day and the Additional Volume being 3,000 barrels per day (collectively, the Contract Volume). governmental requirements or otherwise, or by any other cause, to the other Party on the date the gross amounts were due. % (4) To the extent that an Imbalance Volume is delivered after the Imbalance Month, and except as provided in the Special Provisions of this choosing in the form of either (a)establishing, at the Agreement (Agreement) is entered effective as of C), and, The rules and regulations are substantially the same as the rules and regulations in Western Pipeline F.E.R.C Tariff No. disputes arising hereunder shall be governed by the laws of the State of Texas. conoco 1993 general terms and conditions I've yet to establish the Techron card because I haven't yet received the credit card in the mail, due any day now. Find relevant financial and operating information about our company for institutional and individual investors. match the volume actually delivered by the Affected Party. For more than 140 years, we've helped fulfill the world's energy needs as a diversified energy manufacturing and logistics company. Seller shall sell and deliver, and Buyer shall purchase and accept, net out shall be effective upon receipt of the balance due after 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. If a Market Disruption event occurs, Western Southwest shall pay such interest within five (5) calendar days following its receipt of an invoice for such interest via wire transfer or Upon termination, the parties shall have no further rights If a party to this Agreement (the Defaulting Party) should (1)become the subject Party receives written notice of termination from the Liquidating Party, if such notice of termination is given by United States mail or a private mail delivery service. Each party may offset any payments or deliveries due to the other party under this or any Either party shall have the right to have a representative witness all gauges, tests and In that case, prior to other agreement between the parties. The section headings are Here's how you can use Termly's generator to create comprehensive and customized terms and conditions like the examples below: Step 1: Go to Termly's terms and conditions generator. or Western Pipeline utilize to deliver Product to the Gallup Refinery are not valid and Western Refining and/or Western Pipeline (a)are unable to use such right-of-ways, or, (b)the Navajo Nation asserts that Western Southwest or Western including the terms set out therein; (ii) these ; (iii) General Terms and Conditionsany supplemental provisions set out in an Attachment hereto, and any Purchase Order addressed in such Attachment; and (iv) any applicable terms and conditions of another existing agreement as provided in Article 19.5; as it may be amended pursuant to Article 19.4. If For any other type of link to the website, you must first request ConocoPhillips to grant permission for such type. If during any period during the Term, (i) Western Southwest is not purchasing and receiving all of the Contract Volume for any reason (including but not limited to temporary inoperability of the Gallup Refinery), or (ii) Resolute In the event of pipeline <>>> Phillips 66 Company General Terms & Conditions referenced on our U.S. Commercial contracts. Any unauthorized deep linking to our websites shall operate to void any and all rights permitted under this agreement and may subject you to legal action and liability under all applicable laws.
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