Delek US Holdings Inc. Contracts
Sample Business Contracts
Pipeline Capacity Lease Agreement [Extension] - LaGloria Oil and Gas Co. and Plains Marketing LP
Lease Forms
- Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
- When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
- Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
- Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
- When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.
EXTENSION OF PIPELINE CAPACITY LEASE AGREEMENT WHEREAS, LaGloria Oil & Gas Company ("LaGloria") and Plains Marketing, L.P. ("Plains") as successor to Scurlock Permian LLC are Parties to that certain Pipeline Capacity Lease Agreement ("Lease") dated April 12, 1999, for an initial term of five (5) years commencing January 1, 2004 through December 31, 2004, a copy of which is attached hereto and incorporated herein in its entirety; and WHEREAS, Delek Refining, Ltd., as successor in interest to LaGloria Oil & Gas Company and Plains Marketing, L.P. executed that certain One (1) Year Renewal of Pipeline Capacity Lease Agreement attached hereto and incorporated herein in its entirety renewing the Lease for one (1) additional lease year commencing on January 1, 2005 through December 31, 2005; and WHEREAS, Plains Marketing, L.P. and Delek Refining, Ltd. executed an Amendment to the One (1) Year Renewal of Pipeline Capacity Lease Agreement attached hereto and incorporated herein in its entirety; changing the pricing provisions in Section 4 of the Lease effective from September 1, 2005 through December 31, 2005; WHEREAS, the said Delek Refining, Ltd. and Plains Marketing, L.P. desire to extend the original Lease and each of the above referenced amendments of the Lease under the same terms and conditions from January 1, 2006 through April 30, 2006; NOW, THEREFORE, in consideration of the mutual benefits of the Parties hereto, by execution below Plains Marketing, L.P. and Delek Refining, Ltd. extend the Lease and each of the referenced amendments thereto from January 1, 2006 through April 30, 2006 under the same terms and conditions set forth in the Lease and the amendments thereto. This Extension of Pipeline Capacity Agreement is executed in duplicate each of which is deemed an original for all purposes on the dates set forth below but effective January 1, 2006. Plains Marketing, L.P. Delek Refining, Ltd. by its General Partner By Plains Marketing GP Inc. Delek U.S. Refining GP, LLC Its General Partner By: /s/ J.B. Fryfogle By: /s/ Frederec Green ------------------------------ --------------------------------------- Name: J.B. Fryfogle Name: Frederec Green Title: V.P. Refinery Supply Title: CHIEF OPERATING OFFICER Date: DEC 21, 2005 Date: 1/15/06 By: /s/ Tony McLarty --------------------------------------- Name: Tony McLarty Title: VP of Human Resources Date: 1/15/06