Common use of Recognition Agreement Clause in Contracts

Recognition Agreement. Tenant’s leasehold interest in and to the Premises and other Demised Properties under the Lease, in each case, is subject to a right of first refusal in favor of Xxxxxxxx 66 Company (“PSX”) granted pursuant to one or more Master Branded Reseller Agreements and/or Branded Marketer Agreements between PSX and Tenant. In recognition of the rights of first refusal in favor of PSX, Landlord, Tenant and PSX have entered into that certain ROFR Recognition Agreement of even EXHIBIT D MASTER LAND AND BUILDING LEASE (Pool 3) date herewith (“Recognition Agreement”) whereby, among other things, Landlord has agreed to recognize the rights of first refusal of PSX as and when PSX exercises a right of first refusal in Tenant’s leasehold interest as to a particular Demised Property in accordance with the terms of the Recognition Agreement. The Recognition Agreement is intended to run with the Demised Properties the same as if the terms of the Recognition Agreement were set forth in full in the Lease (until the Recognition Agreement is terminated in accordance with its terms), and any successor, assignee or transferee of Landlord’s interest in the Lease, including any partial assignment of the Lease effected under Section 30.01 of the Lease, shall be deemed to have knowledge of and to assume and take subject to, as applicable, to the respective rights, duties and obligations of Landlord and PSX under the Recognition Agreement.

Recognition Agreement. Landlord and Tenant acknowledge and agree that Tenant’s leasehold interest in and to the Premises and other Demised Properties under the this Lease, in each case, is subject to a right of first refusal in favor of Xxxxxxxx 66 Company (“PSX”) granted pursuant to one or more Master Branded Reseller Agreements and/or Branded Marketer Agreements between PSX and Tenant. In recognition of the rights of first refusal in favor of PSX, Landlord, Tenant and PSX have entered into that certain ROFR Recognition Agreement of even EXHIBIT D MASTER LAND AND BUILDING LEASE (Pool 3) date herewith (“Recognition Agreement”) whereby, among other things, Landlord has agreed to recognize the rights of first refusal of PSX as and when PSX exercises a right of first refusal in of Tenant’s leasehold interest as to a particular Demised Property in accordance with the terms of the Recognition Agreement. The Recognition Agreement is intended to run with the Demised Properties the same as if the terms of the Recognition Agreement were set forth in full in the this Lease (until the Recognition Agreement is terminated in accordance with its terms), and any successor, assignee or transferee of Landlord’s interest in the this Lease, including any partial assignment of the this Lease effected under Section 30.01 of the this Lease, shall be deemed to have knowledge of and to assume and take subject tosubject, as applicable, to the respective rights, duties and obligations of Landlord and PSX under the Recognition Agreement. This Article may not be amended without the express consent of PSX, and any attempted amendment without such consent shall be void. PSX shall be an express third party beneficiary of this Article and entitled to enforce the terms hereof.

Recognition Agreement. Tenant’s leasehold interest in and to the Premises and other Demised Properties under the Lease, in each case, is subject to a right of first refusal in favor of Xxxxxxxx 66 Company (“PSX”) granted pursuant to one or more Master Branded Reseller Agreements and/or Branded Marketer Agreements between PSX and Tenant. In recognition of the rights of first refusal in favor of PSX, Landlord, Tenant and PSX have entered into that certain ROFR Recognition Agreement of even EXHIBIT D MASTER LAND AND BUILDING LEASE (Pool 31) EXHIBIT D date herewith (“Recognition Agreement”) whereby, among other things, Landlord has agreed to recognize the rights of first refusal of PSX as and when PSX exercises a right of first refusal in Tenant’s leasehold interest as to a particular Demised Property in accordance with the terms of the Recognition Agreement. The Recognition Agreement is intended to run with the Demised Properties the same as if the terms of the Recognition Agreement were set forth in full in the Lease (until the Recognition Agreement is terminated in accordance with its terms), and any successor, assignee or transferee of Landlord’s interest in the Lease, including any partial assignment of the Lease effected under Section 30.01 of the Lease, shall be deemed to have knowledge of and to assume and take subject to, as applicable, to the respective rights, duties and obligations of Landlord and PSX under the Recognition Agreement.

Recognition Agreement. Tenant’s leasehold interest in and to the Premises and other Demised Properties under the Lease, in each case, is subject to a right of first refusal in favor of Xxxxxxxx 66 Company (“PSX”) granted pursuant to one or more Master Branded Reseller Agreements and/or Branded Marketer Agreements between PSX and Tenant. In recognition of the rights of first refusal in favor of PSX, Landlord, Tenant and PSX have entered into that certain ROFR Recognition Agreement of even EXHIBIT D MASTER LAND AND BUILDING LEASE (Pool 32) EXHIBIT D date herewith (“Recognition Agreement”) whereby, among other things, Landlord has agreed to recognize the rights of first refusal of PSX as and when PSX exercises a right of first refusal in Tenant’s leasehold interest as to a particular Demised Property in accordance with the terms of the Recognition Agreement. The Recognition Agreement is intended to run with the Demised Properties the same as if the terms of the Recognition Agreement were set forth in full in the Lease (until the Recognition Agreement is terminated in accordance with its terms), and any successor, assignee or transferee of Landlord’s interest in the Lease, including any partial assignment of the Lease effected under Section 30.01 of the Lease, shall be deemed to have knowledge of and to assume and take subject to, as applicable, to the respective rights, duties and obligations of Landlord and PSX under the Recognition Agreement.

Recognition Agreement. Landlord and Tenant acknowledge and agree that Tenant’s leasehold interest in and to the Premises and other Demised Properties under the this Lease, in each case, is subject to a right of first refusal in favor of Xxxxxxxx 66 Company (“PSX”) granted pursuant to one or more Master Branded Reseller Agreements and/or Branded Marketer Agreements between PSX and Tenant. In recognition of the rights of first refusal in favor of PSX, Landlord, Tenant and PSX have entered into that certain ROFR Recognition Agreement of even EXHIBIT D MASTER LAND AND BUILDING LEASE (Pool 3) date herewith (“Recognition Agreement”) whereby, among other things, Landlord has agreed to recognize the rights of first refusal of PSX as and when PSX exercises a right of first refusal in of Tenant’s leasehold interest as to a particular Demised Property in accordance with the terms of the Recognition Agreement. The Recognition Agreement is intended to run with the Demised Properties the same as if the terms of the Recognition Agreement were set forth in full in the this Lease (until the Recognition Agreement is terminated in accordance with its terms), and any successor, assignee or transferee of Landlord’s interest in the this Lease, including any partial assignment of the this Lease effected under Section 30.01 of the this Lease, shall be deemed to have knowledge of and to assume and take subject tosubject, as applicable, to the respective rights, duties and obligations of Landlord and PSX under the Recognition Agreement.. This Article may not be amended without the express consent of PSX, and any attempted amendment without such consent shall be void. PSX shall be an express third party beneficiary of this Article and entitled to enforce the terms hereof. MASTER LAND AND BUILDING LEASE (Pool 1)

Recognition Agreement. Landlord and Tenant acknowledge and agree that Tenant’s leasehold interest in and to the Premises and other Demised Properties under the this Lease, in each case, is subject to a right of first refusal in favor of Xxxxxxxx 66 Company (“PSX”) granted pursuant to one or more Master Branded Reseller Agreements and/or Branded Marketer Agreements between PSX and Tenant. In recognition of the rights of first refusal in favor of PSX, Landlord, Tenant and PSX have entered into that certain ROFR Recognition Agreement of even EXHIBIT D MASTER LAND AND BUILDING LEASE (Pool 3) date herewith (“Recognition Agreement”) whereby, among other things, Landlord has agreed to recognize the rights of first refusal of PSX as and when PSX exercises a right of first refusal in of Tenant’s leasehold interest as to a particular Demised Property in accordance with the terms of the Recognition Agreement. The Recognition Agreement is intended to run with the Demised Properties the same as if the terms of the Recognition Agreement were set forth in full in the this Lease (until the Recognition Agreement is terminated in accordance with its terms), and any successor, assignee or transferee of Landlord’s interest in the this Lease, including any partial assignment of the this Lease effected under Section 30.01 of the this Lease, shall be deemed to have knowledge of and to assume and take subject tosubject, as applicable, to the respective rights, duties and obligations of Landlord and PSX under the Recognition Agreement.. This Article may not be amended without the express consent of PSX, and any attempted amendment without such consent shall be void. PSX shall be an express third party beneficiary of this Article and entitled to enforce the terms hereof. MASTER LAND AND BUILDING LEASE (Pool 2)