Common use of TOSCO ENVIRONMENTAL INDEMNITY AND LIABILITIES Clause in Contracts

TOSCO ENVIRONMENTAL INDEMNITY AND LIABILITIES. Seller shall use commercially reasonable efforts to persuade Tosco to consent (the "TOSCO ENVIRONMENTAL CONSENT") to making Purchaser an additional beneficiary under Seller's rights under Section 2.04(b)(ii) and Article 13 and the related provisions of Section 14.01(a) of the Tosco Purchase Agreement (the "TOSCO ENVIRONMENTAL INDEMNITY"). If the Tosco Consent is given, Purchaser agrees to reasonably cooperate and negotiate in good faith with Tosco for a potential post-Closing buy-out of such rights and remaining obligations under the Tosco Avon Refinery Joint Environmental Investigation and Remediation Agreement dated July 1, 1993, as amended and supplemented.

Appears in 2 contracts

Sources: Sale and Purchase Agreement (Valero Energy Corp/Tx), Sale and Purchase Agreement (Tesoro Petroleum Corp /New/)