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Legal

Copyright 2007 Holly Energy Partners, L.P. All Rights Reserved.

Factors Affecting Forward-Looking Statements.

The Holly Energy Partners web site contains statements with respect to the Company's expectation's or beliefs as to future events. These types of statements are "forward-looking" and are subject to uncertainties.

These web pages contains certain "forward-looking statements" within the meaning of the federal securities laws. All statements, other than statements of historical fact included in these web pages are forward-looking statements. Such statements are based on management’s belief and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, the Company cannot give any assurances that those expectations will prove to be correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Such differences could be caused by a number of factors including, but not limited to:
  1. Risks and uncertainties with respect to the actual quantities of petroleum products shipped on our pipelines and/or terminalled in our terminals;
  2. The economic viability of Holly Corporation, Alon USA, Inc. and our other customers;
  3. The demand for refined petroleum products in markets we serve;
  4. Our ability to successfully purchase and integrate additional operations in the future;
  5. Our ability to complete previously announced pending or contemplated acquisitions;
  6. The availability and cost of our financing;
  7. The possibility of reductions in production or shutdowns at refineries utilizing our pipeline and terminal facilities;
  8. The effects of current and future government regulations and policies;
  9. Our operational efficiency in carrying out routine operations and capital construction projects;
  10. The possibility of terrorist attacks and the consequences of any such attacks;
  11. General economic conditions; and
  12. Other financial, operations and legal risks and uncertainties detailed from time to time in our Securities and Exchange Commission filings.
Cautionary statements identifying important factors that could cause actual results to differ materially from the Company's expectations are set forth from time to time in the Company’s Securities and Exchange Commission filings. All forward-looking statements included on these web pages and all subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date made, other than as required by law, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Page last updated: 7/17/08