Common use of Release of Lessor Clause in Contracts

Release of Lessor. Any assignment of this Lease by Lessor in accordance with Section 8.1 shall operate to terminate the liability of Lessor for all obligations under this Lease accruing after the date of any such assignment.

Appears in 5 contracts

Sources: Lease Agreement (HollyFrontier Corp), Lease Agreement (Holly Energy Partners Lp), Lease and Access Agreement (Holly Corp)

Release of Lessor. Any assignment of this Lease by Lessor in accordance with Section 8.1 shall operate to terminate the liability of Lessor for all obligations under this Lease accruing after the date of any such assignment provided the assignee assumes all of Lessor’s obligations under this Lease accruing after the date of any such assignment.

Appears in 3 contracts

Sources: Lease and Access Agreement, Lease Agreement (Delek Logistics Partners, LP), Lease Agreement (Delek Logistics Partners, LP)

Release of Lessor. Any assignment of this Lease by Lessor in accordance with Section 8.1 shall operate to terminate the liability of Lessor for all obligations under this Lease accruing after the effective date of any such assignment.

Appears in 1 contract

Sources: Site Lease Agreement (Big West Oil Partners, LP)