Payment Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer the punctual and complete payment in full when due of all Buyer Indemnified Costs by the Indemnifying Party under this Agreement (collectively, the "Payment Obligations"). HFC agrees that Buyer shall be entitled to enforce directly against HFC any of the Payment Obligations.
Appears in 2 contracts
Samples: Interest Purchase Agreement (Holly Energy Partners Lp), Interest Purchase Agreement (HollyFrontier Corp)
Payment Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer Seller the punctual and complete payment in full when due of all amounts due from Buyer Indemnified Costs by the Indemnifying Party under this Agreement (collectively, the "Buyer Payment Obligations"). HFC agrees that Buyer Seller shall be entitled to enforce directly against HFC any of the Buyer Payment Obligations.
Appears in 2 contracts
Samples: Refined Products Terminal Transfer Agreement (Holly Energy Partners Lp), Refined Products Terminal Transfer Agreement (HollyFrontier Corp)
Payment Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer Seller the punctual and complete payment in full when due of all amounts due from Buyer Indemnified Costs by the Indemnifying Party under this Agreement (collectively, the "“Buyer Payment Obligations"”). HFC agrees that Buyer Seller shall be entitled to enforce directly against HFC any of the Buyer Payment Obligations.
Appears in 2 contracts
Samples: Terminal Transfer Agreement (Holly Energy Partners Lp), Terminal Transfer Agreement (HollyFrontier Corp)
Payment Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer the punctual and complete payment in full when due of all Buyer Indemnified Costs by the Indemnifying Party under this Agreement (collectively, the "“Payment Obligations"”). HFC agrees that Buyer shall be entitled to enforce directly against HFC any of the Payment Obligations.
Appears in 1 contract
Samples: Interest Purchase Agreement (Holly Energy Partners Lp)