Common use of Term of Ground Lease Clause in Contracts

Term of Ground Lease. The initial Term of the Ground Lease commences on March 31, 2010, and terminates on March 30, 2060, and after such date the Term of the Ground Lease shall be automatically renewed for a maximum of four (4) successive ten-year periods thereafter unless the Term of the Ground Lease is sooner terminated pursuant to the provisions thereof.

Appears in 2 contracts

Samples: Lease and Access Agreement (Holly Corp), Lease and Access Agreement (Holly Energy Partners Lp)

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Term of Ground Lease. The initial Term of the Ground Lease commences on March 31November 1, 20102011, and terminates on March 30October 31, 20602061, and after such date the Term of the Ground Lease shall be automatically renewed for a maximum of four (4) successive ten-year periods thereafter unless the Term of the Ground Lease is sooner terminated pursuant to the provisions thereof.

Appears in 2 contracts

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

Term of Ground Lease. The initial Term of the Ground Lease commences on March 31July 26, 20102013, and terminates on March 30July 26, 20602063, and after such date the Term of the Ground Lease shall be automatically renewed for a а maximum of four (4) successive ten-year periods thereafter unless the Term of the Ground Lease is sooner terminated pursuant to the provisions thereof.

Appears in 1 contract

Samples: Lease Agreement (Delek Logistics Partners, LP)

Term of Ground Lease. The initial Term of the Ground Lease commences on March 31February 10, 20102014, and terminates on March 30February 10, 20602064, and after such date the Term of the Ground Lease shall be automatically renewed for a maximum of four (4) successive ten-year periods thereafter unless the Term of the Ground Lease is sooner terminated pursuant to the provisions thereof.

Appears in 1 contract

Samples: Lease Agreement (Delek Logistics Partners, LP)

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Term of Ground Lease. The initial Term of the Ground Lease commences on March 31December 1, 20102009, and terminates on March 30December 1, 20602059, and after such date the Term of the Ground Lease shall be automatically renewed for a maximum of four (4) successive ten-year periods thereafter unless the Term of the Ground Lease is sooner terminated pursuant to the provisions thereof.

Appears in 1 contract

Samples: Lease Agreement (Holly Corp)

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