Examples of Alon LP in a sentence
Each Borrower hereby irrevocably appoints Alon LP as the borrowing agent and attorney-in-fact for the Borrowers (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until the Agent shall have received prior written notice signed by all of the Borrowers that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower.
Brands agrees to, and will cause the other members of the Brands Group to, maintain and safeguard all the Information pursuant to Section 6.2 of the Master Agreement and Alon LP agrees to, and will cause the other members of the Alon USA Group to, maintain and safeguard all Brands Confidential Information pursuant to Section 6.2 of the Master Agreement, and each party hereto agrees that Section 6.2 of the Master Agreement is hereby incorporated by reference into, and made a part of, this Agreement.
This Agreement will not be assigned by any party hereto without the prior written consent of the other party hereto; provided, however, Alon LP may assign this Agreement in connection with a merger, consolidation, reorganization, sale of all or substantially all of its assets or similar transaction within the Alon USA Group whether or not Alon LP is the surviving entity.
Alon LP and Brands acknowledge and agree that in connection with the implementation, provision, receipt and transition of the Services, there will be certain nonrecurring, out-of-pocket conversion costs incurred by Alon LP, Brands and their respective Groups (“Conversion Costs”).
Alon LP and Brands acknowledge and agree that no prior approval will be required from the Recipient for the Provider to seek any reimbursement for Conversion Costs pursuant to this Section 5.3.
Brands will cause each member of the Brands Group providing or receiving Services hereunder to abide by the terms and conditions of this Agreement, and Alon LP will cause each member of the Alon USA Group providing or receiving Services hereunder to abide by the terms and conditions of this Agreement.
Alon LP and Brands acknowledge and agree that certain Software and other licenses, consents, approvals, notices, registrations, recordings, filings and other actions (collectively, “Consents”) may be required by Alon LP, Brands or members of their respective Groups in connection with the provision of the Services.
Alon LP agrees that prior to the Trigger Date, the Brands Group will continue to retain the right to purchase goods or services and continue to realize such other benefits and rights under each Alon USA Vendor Agreement to the extent allowed by such Alon USA Vendor Agreement until the expiration or termination date of such rights or benefits pursuant to the terms of such Alon USA Vendor Agreement (including any voluntary termination of such Alon USA Vendor Agreement by the Alon USA Group).
The Letters of Credit will be used only for the purpose of supporting the purchase of crude oil by Alon LP for use at the Big Spring Refinery, Big Spring, Texas.
Each Borrower hereby irrevocably appoints Alon LP as the borrowing agent and attorney-in-fact for the Borrowers (the "Administrative Borrower") which appointment shall remain in full force and effect unless and until the Agent shall have received prior written notice signed by all of the Borrowers that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower.