Examples of Hydrocarbons in a sentence
Seller is not obligated by virtue of a take-or-pay payment, advance payment or other similar payment (other than gas balancing agreements) to deliver Hydrocarbons, or proceeds from the sale thereof, attributable to Seller’s interest in the Properties at some future time without receiving full payment therefor at or after the time of delivery.
The Borrowers will not, and will not permit any Subsidiary to conduct marketing and trading of Hydrocarbons, except that the Borrowers and each Subsidiary may market its own Hydrocarbon production.
Each Party renounces all claims and causes of action against Operator and any other Parties on account of any area surrendered or relinquished in accordance with the foregoing but against its recommendation if Hydrocarbons are later discovered under the surrendered or relinquished area.
A “Production Forecast” shall consist of the estimated average daily rate of production of Hydrocarbons of each type and grade for each Calendar Month during each of the next succeeding two Financial Years and, if there are multiple Delivery Points, the estimated quantities to be delivered to each Delivery Point.
There are no gas imbalances, take or pay obligations, or other prepayments with respect to any Oil and Gas Properties that would require the Borrower or any Restricted Subsidiary to deliver Hydrocarbons produced from their respective Oil and Gas Properties at some future time without then or promptly thereafter receiving full payment therefor which would exceed 250,000 m.c.f. in the aggregate.