Pipelines Agreement. Administrative Agent recognizes and confirms that the Pipelines Agreement, and the rights and interests of Hxxxx thereunder, shall in no way be restricted, limited or otherwise affected by this Agreement, the Hxxxx Mortgage, the Senior Mortgages, any Future Senior Mortgage, the Security Instruments or any liens or security interests thereof; provided, however, that, Hxxxx agrees that nothing in the Pipelines Agreement shall (a) prevent any Purchaser or subsequent purchaser from owning or operating the Mortgaged Property, so long as such Purchaser or subsequent purchaser shall have assumed, and be in compliance with, the Partnership Entities’ (as defined in the Pipelines Agreement) obligations under the Pipelines Agreement and shall have executed an “SNDA” as defined in, and in accordance with, Article 6 of the Hxxxx Mortgage, or (b) be deemed to invalidate or require the release of any Senior Beneficiary’s liens in the Mortgaged Property in connection with the exercise by Hxxxx of a purchase option under the Pipelines Agreement or otherwise. Hxxxx shall not amend, modify or supplement the Pipelines Agreement without the prior written consent of the Majority Banks (as defined in the Credit Agreement); provided, that, such amendments, modifications or supplements may be made without the consent of the Majority Banks if such amendments, modifications or supplements (i) individually or in the aggregate, are not materially adverse to the rights of the Administrative Agent or the Financial Institutions, and (ii) individually or in the aggregate, do not materially decrease the economic benefit that Operating would have otherwise received pursuant to such agreement. Administrative Agent, both for itself and for any Purchaser, further agrees that upon any Foreclosure Event, the Pipelines Agreement shall not be terminated or affected thereby, nor shall Holly’s right to ship or store petroleum products through the pipelines or in the terminals, respectively, constituting a portion of the Property in accordance with the provisions of the Pipelines Agreement (or any other rights of Hxxxx under the Pipelines Agreement) be affected or disturbed because of the Foreclosure Event, but rather the Pipelines Agreement shall continue in full force and effect as direct obligations between the Purchaser and Hxxxx, upon all of the terms, covenants and conditions set forth in the Pipelines Agreement. Neither Administrative Agent nor any Purchaser shall claim, or seek adjudication, ...
Pipelines Agreement. That certain Pipelines and Tankage Agreement dated effective as of February 29, 2008, by and among Beneficiary, Navajo Pipeline Co., L.P., a Delaware limited partnership, Navajo Refining Company, L.L.C., a Delaware limited liability company, Wxxxx Cross Refining Company, L.L.C., a Delaware limited liability company, HEP, Hxxxx Energy Partners—Operating, L.P., a Delaware limited partnership, Grantor and HEP Wxxxx Cross, L.L.C., a Delaware limited liability company.
Pipelines Agreement. That certain Amended and Restated Intermediate Pipelines Agreement dated as of June 1, 2009, by and among Beneficiary, Navajo Refining Company, L.L.C., a Delaware limited liability company, HEP, Xxxxx Energy Partners—Operating, L.P., a Delaware limited partnership, HEP Pipeline, L.L.C., a Delaware limited liability company, Grantor, HEP Logistics Holdings, L.P., a Delaware limited partnership, Xxxxx Logistic Services, L.L.C., a Delaware limited liability company, and HEP Logistics GP, L.L.C., a Delaware limited liability company.
Pipelines Agreement. That certain Pipelines Agreement dated as of July __, 2005 by and among Beneficiary, HEP, Navajo Refining Company, L.P., a Delaware limited partnership, Xxxxx Energy Partners-Operating, L.P., a Delaware limited partnership, Grantor, HEP Logistics Holdings, L.P., a Delaware limited partnership, Xxxxx Logistic Services, L.L.C., a Delaware limited liability company, and HEP Logistics GP, L.L.C., a Delaware limited liability company, together with any amendments, restatements or modifications from time to time made thereto.
Pipelines Agreement. Subject to Section 11.21, that certain Amended and Restated Crude Pipelines and Tankage Agreement dated effective as of January 1, 2009, among Navajo Refining Company, L.L.C., a Delaware limited liability company, Xxxxx Refining & Marketing Company — Xxxxx Cross, a Delaware corporation, Xxxxx Refining & Marketing Company, a Delaware corporation, Xxxxx Energy Partners — Operating, L.P., a Delaware limited partnership, HEP Pipeline and HEP Xxxxx Cross, L.L.C., a Delaware limited liability company, as such agreement has been amended to date or may be amended, amended and restated, replaced or otherwise modified at any time in the future.
