Common use of Unit Operations Clause in Contracts

Unit Operations. Notwithstanding the provisions of Paragraph 2 above, the L.C. and/or its affiliates shall continue to be the sole operator of all Unit operations located on or about the Premises, until payment in full of all amounts set forth in Paragraph 2 above has been received by Genesis. Interline shall be entitled to all profits and obligated for all loses incurred from June 19, 1996 forward. In addition to the payment referenced in Paragraph 2, Interline agrees to reimburse Genesis, the L.C. and/or their affiliates for all reasonable expenses incurred by Genesis and/or the L.C. and their affiliates in the operation of the Unit, Unit related equipment, and all other assets at the Premises from and after the Effective Date of this Letter Agreement. Such expenses shall be reconciled on a monthly basis, and all reimbursements shall also be made on a monthly basis within Ten (10) days after Interline receives notice of such expenses. Notwithstanding the foregoing provision, Interline shall have the right to pre-approve extraordinary expenses incurred by Genesis, the L.C. and their affiliates in connection with the above-referenced operations; however, Genesis and the L.C. will not be required to seek the prior approval of Interline for reasonable and/or standard operating expenses.