Common use of Notification of Utilization Clause in Contracts

Notification of Utilization. (i) Group 1 Assets. Upon request by HEP Tulsa, Xxxxx Tulsa will provide to HEP Tulsa written notification of Xxxxx Tulsa’s reasonable good faith estimate of their anticipated future utilization of Pipelines, Group 1 Tankage, and Group 1 Loading Rack as soon as reasonably practicable after receiving such request. (ii) Group 2 Assets. Upon request by HEP Storage-Tulsa, Xxxxx Tulsa will provide to HEP Storage-Tulsa written notification of Xxxxx Tulsa’s reasonable good faith estimate of their anticipated future utilization of Group 2 Tankage and Group 2 Loading Rack as soon as reasonably practicable after receiving such request.

Appears in 2 contracts

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

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Notification of Utilization. (i) Group 1 Assets. Upon request by HEP Tulsa, Xxxxx Tulsa will provide to HEP Storage-Tulsa written notification of Xxxxx Tulsa’s reasonable good faith estimate of their anticipated future utilization of Pipelines, Group 1 Tankage, and Group 1 Loading Rack as soon as reasonably practicable after receiving such request. (ii) Group 2 Assets. Upon request by HEP Storage-Tulsa, Xxxxx Tulsa will provide to HEP Storage-Tulsa written notification of Xxxxx Tulsa’s reasonable good faith estimate of their anticipated future utilization of Group 2 Tankage and Group 2 Loading Rack as soon as reasonably practicable after receiving such request.

Appears in 2 contracts

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

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