Early Termination Rights. Lessees have the right, in Lessees’ sole and absolute discretion, to terminate the Ground Lease, without penalty or premium, if Lessees cease to operate the Relevant and Additional Improvements, each as defined in the Ground Lease, or ceases its business.
Appears in 2 contracts
Samples: Lease and Access Agreement (Holly Energy Partners Lp), Lease and Access Agreement (Holly Corp)
Early Termination Rights. Lessees have Lessee has the right, in Lessees’ Lessee’s sole and absolute discretion, to terminate the Ground Lease, without penalty or premium, if Lessees cease Lessee ceases to operate the Relevant Assets and Additional Improvements, each Improvements (as defined in the Ground Lease), or ceases its business.
Appears in 2 contracts
Samples: Lease and Access Agreement (Holly Energy Partners Lp), Lease and Access Agreement (HollyFrontier Corp)
Early Termination Rights. Lessees have Lessee has the right, in Lessees’ Lessee’s sole and absolute discretion, to terminate the Ground Lease, without penalty or premium, if Lessees cease Lessee ceases to operate the Relevant and Additional Improvements, each as defined in the Ground Lease, or ceases its business.
Appears in 1 contract
