Common use of SUB-LEASE Clause in Contracts

SUB-LEASE. The Client is authorized to subcontract the Contractual Capacity as well as any right granted by this Contract to a 3rd Party (the “Sub-Lessee”). In this event, the Client shall notify the Company of its intention to do so prior to any sub-lease taking effect, and provide the Company with the details of the Sub-Lessee to whom capacity will be sub-leased, the tanks involved and the period for which the sub-lease is intended. The Rates shall remain unchanged during the sublease, irrespective of the commercial arrangement between the Client and the Sub-Lessee. Volumes handled on behalf of the Sub-Lessee during a sublease shall be considered as part of the Clients throughput volumes. The Company and the Sub-Lessee shall enter into a separate sublease contract to arrange for the legal obligations, responsibilities and liabilities between the Company and the Sub-Lessee during the sublease period. Payment of Rates as described in Article 9a and 9b shall remain the responsibility of the Client. Payment of Rates as described in Articles 9c, 9d, 9e, 9f, 9g, 11 and 12 shall be invoiced by the Company directly to the Sub-Lessee. The sublease termination date will always be earlier than the termination date of the principal contract between the Company and Client. *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.