Common use of Guaranty by Xxxxx Clause in Contracts

Guaranty by Xxxxx. Xxxxx hereby acknowledges and agrees that for purposes of Section 13 of the Throughput Agreement, Holly’s obligations to guarantee the “Navajo Refining Payment Obligations” of Assignor will continue after the date hereof and following the date hereof, such term shall apply to and include the obligations assigned hereunder to and assumed hereunder by Assignee.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Holly Corp), Assignment and Assumption Agreement (Holly Energy Partners Lp)

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Guaranty by Xxxxx. Xxxxx hereby acknowledges and agrees that for purposes of Section 13 12 of the Throughput Intermediate Pipelines Agreement, Holly’s obligations to guarantee the “Navajo Refining Payment Obligations” of Assignor will continue after the date hereof and following the date hereof, such term shall apply to and include the obligations assigned hereunder to and assumed hereunder by Assignee.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Holly Corp), Assignment and Assumption Agreement (Holly Energy Partners Lp)

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