Common use of Restricted Businesses Clause in Contracts

Restricted Businesses. For so long as a Xxxxx Group Member controls the Partnership, and except as permitted by Section 2.2, Xxxxx GP and each of the Xxxxx Group Members shall be prohibited from engaging in or acquiring or investing in any business having assets engaged in the following businesses (the “Restricted Businesses”): the ownership and/or operation of crude oil pipelines or terminals, intermediate product pipelines or terminals, refined products pipelines or terminals, truck racks or crude oil gathering systems in the continental United States.

Appears in 12 contracts

Samples: Omnibus Agreement, Omnibus Agreement (HollyFrontier Corp), Omnibus Agreement (HollyFrontier Corp)

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Restricted Businesses. For so long as a Xxxxx Hxxxx Group Member controls the Partnership, and except as permitted by Section 2.2, Xxxxx Hxxxx GP and each of the Xxxxx Hxxxx Group Members shall be prohibited from engaging in or acquiring or investing in any business having assets engaged in the following businesses (the “Restricted Businesses”): the ownership and/or operation of crude oil pipelines or terminals, intermediate product pipelines or terminals, refined products pipelines or terminals, truck racks or crude oil gathering systems in the continental United States.

Appears in 2 contracts

Samples: Omnibus Agreement (Holly Energy Partners Lp), Omnibus Agreement (HollyFrontier Corp)

Restricted Businesses. For so long as a Xxxxx Group Member Entity controls the Partnership, and except as permitted by Section 2.2, Xxxxx GP and each of the Xxxxx Group Members Entities shall be prohibited from engaging in or acquiring or investing in any business having assets engaged in the following businesses (the “Restricted Businesses”): the ownership and/or operation of crude oil pipelines or terminals, intermediate product pipelines or terminals, refined products pipelines or terminals, truck racks or crude oil gathering systems in the continental United States.

Appears in 1 contract

Samples: Omnibus Agreement (Holly Energy Partners Lp)

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Restricted Businesses. For so long as a Xxxxx Group Member Entity controls the Partnership, and except as permitted by Section 2.2, Xxxxx GP and each of the Xxxxx Group Members Entities shall be prohibited from engaging in or acquiring or investing in any business having assets engaged in the following businesses (the "Restricted Businesses"): the ownership and/or operation of crude oil pipelines or terminals, intermediate product pipelines or terminals, refined products pipelines or terminals, truck racks or crude oil gathering systems in the continental United States.

Appears in 1 contract

Samples: Omnibus Agreement (Holly Energy Partners Lp)

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