Common use of Direct Transfer Clause in Contracts

Direct Transfer. to a Genesis OLP Affiliate. Genesis OLP may, in its sole discretion, direct a Transferor to transfer any of the Assets directly to an Affiliate of Genesis OLP; provided, however, that any such transfer shall not relieve Genesis OLP of any of its obligations under this Agreement (including, without limitation, the obligation to assume the Assumed Liabilities and to indemnify the Transferor Parties).

Appears in 2 contracts

Sources: Purchase & Sale Agreement (Genesis Energy Lp), Purchase and Sale Agreement (Howell Corp /De/)