HEP Tulsa definition
Examples of HEP Tulsa in a sentence
The Propane Truck Loading Rack, Asphalt Truck Loading Rack and Gas Oil Truck Loading Rack transferred to HEP Tulsa LLC pursuant to that certain ▇▇▇▇ of Sale, Assignment and Assumption Agreement, dated December 1, 2009, by and between ▇▇▇▇▇▇▇▇ Tulsa Refining Company and HEP Tulsa LLC.
To the extent that HEP Tulsa does not agree with ▇▇▇▇▇ Tulsa’s proposal, any changes in ▇▇▇▇▇ Tulsa’s obligations under this Agreement, or the date on which such changes will take effect, will be determined by binding arbitration in accordance with Section 13(e).
The obligations of each of the Partnership and the Operating Partnership hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the HEP Tulsa Payment Obligations or otherwise.
The two Product Delivery Pipelines transferred to HEP Tulsa LLC pursuant to that certain ▇▇▇▇ of Sale, Assignment and Assumption Agreement, dated December 1, 2009, by and between ▇▇▇▇▇▇▇▇ Tulsa Refining Company and HEP Tulsa LLC.
Each of the Partnership and the Operating Partnership agrees that ▇▇▇▇▇ Tulsa shall be entitled to enforce directly against the Partnership and the Operating Partnership any of the HEP Tulsa Payment Obligations.
Each of the Partnership and the Operating Partnership hereby guarantees that the HEP Tulsa Payment Obligations will be paid strictly in accordance with the terms of the Agreement.
If the above index is no longer published, then ▇▇▇▇▇ Tulsa and HEP Tulsa shall negotiate in good faith to agree on a new index that gives comparable protection against inflation, and the same method of adjustment for increases in the new index shall be used to calculate increases in the Pipeline Tariff.
HEP Tulsa shall be responsible for all volumetric losses in excess of 0.5% in the Pipelines during the Term.
This Section 15 is a continuing guaranty and shall (i) remain in full force and effect until the first to occur of the indefeasible payment in full of all of the HEP Tulsa Payment Obligations, (ii) be binding upon the Partnership, the Operating Partnership, and each of their respective successors and assigns and (iii) inure to the benefit of and be enforceable by ▇▇▇▇▇ Tulsa and their respective successors, transferees and assigns.
If ▇▇▇▇▇ Tulsa and HEP Tulsa are unable to agree, a new index will be determined by binding arbitration in accordance with Section 13(e), and the same method of adjustment for increases in the new index shall be used to calculate increases in the Pipeline Tariff.