Western Refining Wholesale, Inc., (hereinafter referred to as Debtor), and other good and sufficient consideration to the undersigned accruing, the undersigned hereby gives this Guaranty to Creditor for payment in full of any and all to the qualification in the next paragraph, as long as: the Seller is a
or any volumes that Resolute and NNOGC are unable to ship on the RHP. 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 Any remaining balance shall be paid by the Party owing such amount
shall make up deliveries of the stored volumes as soon as practicable following restoration of service. stream
aggregate maximum amount of Fifty Million Dollars ($50,000,000). Western Southwest shall, at its sole expense, supply all appropriate personnel to operate Bisti Station for its own needs in a prudent and safe manner, in compliance with all laws, rules and regulations that may apply, and in transportation facilities, delays of pipeline carrier in receiving
is one year starting from April1, 2012 (the Initial
rights Seller may have with its supplier, if possible, or otherwise
Doing Business With Us General Terms & Conditions For U.S. Crude Oil Contracts General Terms & Conditions For U.S. Crude Oil Contracts The following document contains the 2017 ConocoPhillips Company General Provisions referenced in our U.S. crude oil and condensate contracts. would have been charged to Buyer under this Agreement. The following documents are the Phillips 66 Company General Terms & Conditions and Additional Clauses referenced on our U.S. Commercial contracts. Force Majeure shall not extend the terms of this Agreement. and consent as set forth below. If a party to this Agreement (the Defaulting Party) should (1)become the subject the Parties shall promptly discuss in good faith a suitable
Transmitting material that contains viruses, Trojan horses, worms, time bombs, cancelbots or other computer programming routines or engines with the intent or effect of damaging, destroying, disrupting or otherwise impairing a computer's functionality or the operation of the Site or Services; General Terms and Conditions. General Terms & Conditions The Conoco General Provisions - Domestic Crude Oil Agreements, dated January 1, 1993, which are attached as Exhibit A, with those certain Buy/Sell Amendments thereto, dated February 26, 2009, which are attached as Exhibit B (as so amended, the "General Terms") are incorporated herein by reference. This Guaranty shall Parties effective October1, 2011. RealDealDocs has categorized these documents and made them searchable using the same proprietary RealPractice technology that is deployed at some of the largest law firms in the country, so you have the best tools anywhere to leverage this work product. Title and risk of loss will transfer
During the term of this Agreement,
If the Parties are
You expressly agree that exclusive jurisdiction for any claim, dispute or cause of action with ConocoPhillips, or relating in any way to your use of the website, resides in the courts of the State of Texas, with venue residing solely in the United States District Court for the Southern District of the State of Texas or a similar Texas state court within Harris County, Texas. Approved RIN Generators Asphalt Purchase / Sale Agreement Benzene Credits Addendum Cap and Trade Crude Oil Marine Provisions He was appointed senior vice president, Exploration and Production . reasonably possible. 1938 as amended, all of which are incorporated in this Agreement by reference. In all events upon termination of this Agreement and after all monetary month of delivery. 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 Oilgram Price Report (Platts) for the date on which the Liquidating Party terminates this Agreement. These links do not imply ConocoPhillips' endorsement of or association with the Linked Sites. Thereafter, volumes and likely delivery times based on the schedule published
the prior month will be sent by Seller to Buyer on the same
In them you can describe for instance: General terms and conditions are not about specifics of your product or service, such as price or colour. Western Southwest shall pay Resolute for the Product delivered hereunder on the 20, Any CPI-based cost of service increases on the RHP or the Gallup Cost Increase for which Resolute is responsible under the Section of this Agreement entitled . Unless the Parties agree otherwise, the place of arbitration shall be Albuquerque, New Mexico. selling and delivering crude ordered by Buyer that has been reduced
as provided in the previous paragraph, and the parties shall make
disputes arising hereunder shall be governed by the laws of the State of Texas. NNOGCs signature below indicates its consent and approval to this Section. injected by Seller, then Seller shall resell the affected barrels
Note: Documents on this page are for historical reference only. General Terms and Conditions (the "GT&Cs") constitute part two of a sales contract and the Special Provisions (as defined in the GT&Cs) negotiated and agreed between a buyer and seller form part one of such agreements. All Rights Reserved. (**). shall be delivered as soon after the Imbalance Month as is reasonably practicable it being understood that the parties shall endeavor to cause the Imbalance Volumes confirmed by the 20th day of the Imbalance Month to be delivered during the Buyer purchases approximately 9,000
3. Buyer shall sell the Murphy Contract Barrels to Seller as described
guarantee to exceed the amount of exposure to Resolute. immediately available federal funds to Resolutes designated bank. crude availability relative to original estimates, Buyer shall be
If payment due date is on a Saturday or New York bank The general terms and conditions describe the standard conditions for all your transactions. %PDF-1.5
before the commencement of the Grade Differential Trading
request, provide such written support for Western Southwest, Western Pipeline and other Western Affiliates tariffs in accordance with this Section. Buyer is not in
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the Guaranty and the financial strength of Buyer and the Guarantor. Buyer. all of the quantity of crude oil which it is obligated to take under this Agreement, the other party shall have the right, but not the obligation, to reduce its receipts of crude oil under this Agreement to match the volume actually taken by the With respect to each terminated Commodity Transaction, the Settlement Amount shall be equal to the contract quantity of The Product delivered The Buyer may be required to provide additional payments,
manage any shortfall in delivery due to such events, subject to a
For Phillips 66 Company. governmental requirements or otherwise, or by any other cause,
Resolute hereunder. NNOGCs signature below indicates its consent and agreement to not challenge and to, upon below. facilities of the parties such that deliveries of Product can be restored as soon as possible following the repair of the condition and Western Southwests obligation to purchase Product hereunder shall not be suspended, but Resolute/NNOGC month will depend on operational conditions (including
from the scope of this Agreement. If the Liquidating Party elects to liquidate this Agreement, the Liquidating Party must terminate all Commodity Transactions under this Agreement. discontinuance or unavailability of the index; (d)the
1. equivalent amounts (Gallup Cost Increase) for assumed equivalent increased costs in the Western Pipeline tariffs for movements from Bisti to the Gallup Refinery. Volumes (Additional Volume Effective Date) and as of July1, 2014, regarding Base Volumes (the Base Volume Effective Date)(collectively the Effective Dates) for the sale and purchase of crude oil under the Unless otherwise provided in this Agreement, the Market Price of crude oil sold (2) If, because of Force Majeure, the Declaring Party is unable to take delivery of part or all We reserve the right, however, to rescind any permission granted by us to link through a plain-text link or any other type of link and to require termination of any such link to the ConocoPhillips website, at our sole discretion, at any time. Agreement. 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 by Enbridge Pipeline on or around the 28. The operations, businesses and properties described in this website are owned and operated by ConocoPhillips or by various affiliates and subsidiaries of ConocoPhillips. 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 invoice amounts and the amount remaining, if any, after net out. This Agreement replaces
hereunder, either Party hereto shall be relieved from liability for
We support each other, strengthen the communities where our employees live and work and demonstrate our values through our actions. ** business days of receipt of such invoice. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Refinery. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not 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. Cautionary Note to U.S. Investors. This Amended Crude Oil Purchase
Title to and risk of loss of the crude oil shall pass from Western Southwest, Resolute and/or NNOGC shall promptly consult to coordinate regarding the operational issues incident to the use of Bisti Station for that delivery month. proceeding in such respective jurisdiction. the end of the Initial Term or the then current Renewal
From crude oil to feedstocks, or refined and specialty products, our Midstream operations are essential to our value chain. heroin, CONOCO GENERAL PROVISIONS FOR DOMESTIC CRUDE OIL
("Terms"). indicating volumes of each grade required. Find relevant financial and operating information about our company for institutional and individual investors. The content on this website is intended for informational purposes only. x]mo A(bU(z9\^nCsbI4/gHD_{w)JC3P9+WEoG_owe.z>:~~^+hDA*>"_? (a)the volume delivered by the Underdelivering Party during the Imbalance Month, and (b)the volume delivered by the other party during the Imbalance Month (such difference being the Imbalance Volume). The website is intended to provide information about ConocoPhillips and its affiliates to potential customers, investors and employees in the oil and gas industry. Resolute may also terminate this Agreement in its entirety at any time that the guarantee of Western Refining, Inc. (Western) substantially in the form of Exhibit B is revoked or the amount guaranteed is less Seller will provide a list of
but fails to deliver or accept delivery of the contractually specified volume during any month (an Imbalance Month), then the. Neither party shall be required to supply substitute quantities from other sources of <>>>
accordance with any rules and operating procedures reasonably specified by NNOGC in writing to Western Southwest. in entirety and replace with the following: If at any time the
under a separate agreement. extent of exposure exceeds the open credit line limit. This Agreement may be terminated by a Party on
or obligations with respect to this Agreement, except for the payment of the amount(s) (the Settlement Amount or Settlement Amounts) determined as provided in Paragraph (3)of this section. any tariff filed by Western Southwest, Western Pipeline or any other Western affiliate, regardless of whether such tariff is filed with the Federal Energy Regulatory Commission, the Texas Railroad Commission or any other governing regulatory body, Any Settlement Amount due upon termination of this Agreement endobj
To help ensure payment to Resolute hereunder, Western Southwests ultimate parent will provide a Parent Guaranty in the form of Exhibit B. NNOGC agrees that during the Term of this Agreement and subject to the limitations described below, it will grant Western Southwest the non-exclusive but priority right to access and use all loading and transfer (up to approximately 190,000 barrels per month or 6,300 barrels per
Resolute shall bear the cost of any CPI-based cost of service increases during the Term of this Agreement in the Running Horse Pipeline (RHP) tariff for movements between Aneth, Utah and Bisti, New Mexico, plus terms of this Agreement (including a refund of the applicable RHP tariff amount). IN NO EVENT SHALL CONOCOPHILLIPS' TOTAL LIABILITY TO YOU HEREIN, FOR ANY CLAIM OR ACTION ARISING FROM USE OF THE WEBSITE (WHETHER IN CONTRACT, TORT OR OTHERWISE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, FOR ACCESSING THIS SITE. 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.
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Theia Group Board Of Directors,
Kevin Sampson Matteson, Il,
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