Common use of Group 1 Assets Clause in Contracts

Group 1 Assets. During the Term and subject to the terms and conditions of this Agreement, including Section 13(b), HEP Tulsa agrees to: (A) own or lease, operate and maintain the Pipelines, Group 1 Tankage, and Group 1 Loading Rack and all related assets necessary to handle the Crude Oil and Products from Xxxxx Tulsa; (B) provide the services required under this Agreement and perform all operations relating the Pipelines, Group 1 Tankage, and Group 1 Loading Rack including, but not limited to, tank gauging, tank maintenance, tank dike maintenance, loading trucks, interaction with third party pipelines, and customer interface for access agreements; and (C) maintain adequate property and liability insurance covering the Pipelines, Group 1 Tankage, Group 1 Loading Rack and any related assets owned by HEP Tulsa and necessary for the operation of the Pipelines, Group 1 Tankage, and Group 1 Loading Rack.

Appears in 4 contracts

Samples: Pipelines, Tankage and Loading Rack Throughput Agreement (HollyFrontier Corp), Pipelines, Tankage and Loading Rack Throughput Agreement (Holly Energy Partners Lp), Pipelines, Tankage and Loading Rack Throughput Agreement (Holly Energy Partners Lp)

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