Letter Agreement Extending Product Terminal Services Agreement between Sunoco Partners Marketing & Terminals L.P. and Sunoco, Inc. (R&M)

Contract Categories: Business Operations › Services Agreements
Summary

This letter agreement, dated January 19, 2012, is between Sunoco Partners Marketing & Terminals L.P. and Sunoco, Inc. (R&M). It extends the existing Product Services Terminal Agreement for the Marcus Hook Tank Farm, which was set to expire on February 29, 2012. The agreement will now continue on a month-to-month basis starting March 1, 2012, until either party provides written notice to terminate. All other terms of the original agreement remain unchanged.

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EX-10.17.1 2 d265003dex10171.htm LETTER AGREEMENT, DATED JANUARY 19, 2012 PRODUCT TERMINAL SERVICES AGREEMENT Letter Agreement, dated January 19, 2012 Product Terminal Services Agreement

Exhibit 10.17.1

 

 

Sunoco Logistics Partners L.P.

1818 Market Street

Suite 1500

Philadelphia, PA 19103

 

Sunoco, Inc. (R&M)

1735 Market Street

Philadelphia, PA 19103

 

RE: Product Services Terminal Agreement

 

Ladies and Gentlemen:

 

Sunoco Partners Marketing & Terminals L.P. (“SPMT”) and Sunoco, Inc. (R&M) (“R&M”) are parties to that certain Product Services Terminal Agreement dated as of May 1, 2007 for the purpose of providing certain terminal services at SPMT’s Marcus Hook Tank Farm (the “Agreement”). Pursuant to the terms, the Agreement will terminate on February 29, 2012, and the parties desire that the Agreement continue in the manner described herein.

 

Accordingly, SPMT and R&M hereby agree that the Marcus Hook Tank Farm Agreement shall continue in full force and effect in accordance with the terms on a month-to-month basis commencing on March 1, 2012 and continuing until terminated on the last day of the month in which notice of termination is given by either party thereto. Either party may terminate the Agreement upon written notice to the other party.

 

The parties agree that the Agreement shall be deemed amended hereby to reflect the amendments made hereunder, and except as otherwise expressly provided herein, all of the terms, conditions and provisions of the Agreement remain unaltered and in full force and effect.

 

If the foregoing reflects our agreement regarding the extension of the respective terms of the Marcus Hook Tank Farm Agreement, kindly counter execute this letter agreement.

 

Sincerely,

 

Sunoco Partners Marketing & Terminals L.P.

By: Sunoco Logistics Partners Operations GP LLC, its general partner

 

By:   /s/ MICHAEL J. HENNIGAN
  Michael J. Hennigan, President

 

Agreed and Accepted this 19th day of January, 2012

Sunoco, Inc. (R&M)

By:

   /s/ CARL S. GREGORY

Name: 

   Carl S. Gregory

Title:

   Commercial Business Manager