Common use of Throughput Agreements Clause in Contracts

Throughput Agreements. Notwithstanding the fact that neither Grantor nor ▇▇▇▇▇ is a party to the Throughput Agreement in effect as of the date of this Agreement, for the purpose of this Agreement, (a) Grantor agrees to be bound by the terms of the Throughput Agreement to which ____________________ is bound, and (b) ____________________ agrees to be bound by the terms of the Throughput Agreement to which ____________________ is bound. Grantor and ▇▇▇▇▇ acknowledge that (i) Grantor is a wholly-owned subsidiary of ____________________, (ii) ____________________ is a wholly-owned subsidiary of ▇▇▇▇▇, and (iii) the Throughput Agreement governs the operation of the pipelines that constitute a portion of the collateral under the ▇▇▇▇▇ Mortgage, and, as a result, both Grantor and ▇▇▇▇▇ will receive substantial benefit in connection with the Throughput Agreement.

Throughput Agreements. Notwithstanding the fact that neither Grantor nor ▇▇▇▇▇ is a party to the Throughput Agreement in effect as of the date of this Agreement, for the purpose of this Agreement, (a) Grantor agrees to be bound by the terms of the Throughput Agreement to which ____________________ Operating is bound, and (b) ____________________ ▇▇▇▇▇ agrees to be bound by the terms of the Throughput Agreement to which ____________________ Navajo Refining is bound. Grantor and ▇▇▇▇▇ acknowledge that (i) Grantor is a wholly-owned subsidiary of ____________________Operating, (ii) ____________________ Navajo Refining is a wholly-owned subsidiary of ▇▇▇▇▇, and (iii) the Throughput Agreement governs the operation of the pipelines that constitute a portion of the collateral under the ▇▇▇▇▇ Mortgage, and, as a result, both Grantor and ▇▇▇▇▇ will receive substantial benefit in connection with the Throughput Agreement.