Payment Guaranty. HollyFrontier unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to HEP Operating the punctual and complete payment in full when due of all amounts due from HFRM under this Agreement (collectively, the “HFRM Payment Obligations”). HollyFrontier agrees that HEP Operating shall be entitled to enforce directly against HollyFrontier any of the HFRM Payment Obligations.
Appears in 12 contracts
Samples: Pipeline Deficiency Agreement (HollyFrontier Corp), Transportation Services Agreement (HollyFrontier Corp), Master Throughput Agreement (Holly Energy Partners Lp)
Payment Guaranty. HollyFrontier unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to HEP Operating and HEP Refining the punctual and complete payment in full when due of all amounts due from HFRM under this Agreement (collectively, the “HFRM Payment Obligations”). HollyFrontier agrees that HEP Operating and HEP Refining shall be entitled to enforce directly against HollyFrontier any of the HFRM Payment Obligations.
Appears in 3 contracts
Samples: Unloading and Blending Services Agreement (HollyFrontier Corp), Unloading and Blending Services Agreement (Holly Energy Partners Lp), Unloading and Blending Services Agreement (Holly Energy Partners Lp)
