Common use of Agreement to Use Services Relating to Pipelines, Tankage and Loading rack Clause in Contracts

Agreement to Use Services Relating to Pipelines, Tankage and Loading rack. The Parties intend to be strictly bound by the terms set forth in this Agreement, which sets forth revenues to HEP Tulsa and HEP Storage-Tulsa to be paid by Xxxxx Tulsa and requires HEP Tulsa and HEP Storage-Tulsa to provide certain transportation, storage and loading services to Xxxxx Tulsa. The principal objective of HEP Tulsa is for Xxxxx Tulsa to meet or exceed its obligations with respect to the Minimum Pipeline Revenue Commitment, to meet or exceed its obligations with respect to the Minimum Group 1 Tankage Revenue Commitment, and to meet or exceed its obligations with respect to the Minimum Group 1 Loading Rack Revenue Commitment. The principal objective of HEP Storage-Tulsa is for Xxxxx Tulsa to meet or exceed its obligations with respect to the Minimum Group 2 Tankage Revenue Commitment and to meet or exceed its obligations with respect to the Minimum Group 2 Loading Rack Commitment. The principal objective of Xxxxx Tulsa is for HEP Tulsa and HEP Storage-Tulsa to provide services to Xxxxx Tulsa in a manner that enables Xxxxx Tulsa to operate the Refinery.

Appears in 4 contracts

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

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