Common use of Payment and Performance Guaranty Clause in Contracts

Payment and Performance Guaranty. Xxxxx unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to HEP Tulsa and HEP Storage-Tulsa the punctual and complete payment in full when due of all amounts due from Xxxxx Tulsa under the Agreement (collectively, the “Xxxxx Tulsa Payment Obligations”). Xxxxx agrees that HEP Tulsa and HEP Storage-Tulsa shall be entitled to enforce directly against Xxxxx any of the Xxxxx Tulsa Payment Obligations.

Payment and Performance Guaranty. Xxxxx unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to HEP Tulsa and HEP Storage-Tulsa the punctual and complete payment in full when due of all amounts due from Xxxxx Tulsa under the Agreement (collectively, the “Xxxxx Tulsa Payment Obligations”). Xxxxx agrees that HEP Tulsa and HEP Storage-Tulsa shall be entitled to enforce directly against Xxxxx any of the Xxxxx Tulsa Payment Obligations.

Payment and Performance Guaranty. Xxxxx unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to HEP Tulsa and HEP Storage-Tulsa the punctual and complete payment in full foil when due of all amounts due from Xxxxx Tulsa Refining under the Agreement (collectively, the “Xxxxx Tulsa Refining Payment Obligations”). Xxxxx agrees that HEP Tulsa and HEP Storage-Tulsa shall be entitled to enforce directly against Xxxxx any of the Xxxxx Tulsa Refining Payment Obligations.