Assignment of Awards. Unless this Agreement is so terminated, it shall remain in full force and effect and if closing occurs, TLO shall assign, transfer and set over to TRMC all of TLO’s right, title and interest in and to any awards that may be made for such taking and there shall be no adjustment in the Repurchase Price. The legal description of the Rail Facility shall be adjusted at closing to delete any of the real property so taken.
Appears in 2 contracts
Sources: Ground Lease (Tesoro Logistics Lp), Right of First Refusal, Option Agreement and Agreement of Purchase and Sale (Tesoro Logistics Lp)
Assignment of Awards. Unless this Agreement is so terminated, it shall remain in full force and effect and if closing occurs, TLO shall assign, transfer and set over to TRMC all of TLO’s right, title and interest in and to any awards that may be made for such taking and there shall be no adjustment in the Repurchase Price. The legal description of the Rail Facility [specify appropriate Premises Facilities] shall be adjusted at closing to delete any of the real property so taken.
Appears in 1 contract
Sources: Ground Lease (Tesoro Logistics Lp)