Common use of Commitments of the Parties Clause in Contracts

Commitments of the Parties. Subject to the terms and conditions herein, KMTP agrees to deliver or cause to be delivered to COPANO at the Delivery Point all of the Gas in the KMTP Line available for delivery at the Delivery Point. COPANO shall have the exclusive right and option to Process all such Gas in the Plant. Notwithstanding the foregoing, KMTP shall have the right to require COPANO to bypass the Plant with all or part of the Inlet Gas during any period in which the threat of hurricanes or freezing weather in the U. S. Gulf Coast area in imminent, present or recent, if, in KMTP's sole opinion, such Inlet Gas is needed to fulfill KMTP's contract obligations. During such period, COPANO's payment obligations under Article 4, KMTP's payment obligations under Article 5, and COPANO's performance obligations under Section 2.3 shall be deemed suspended and waived by both KMTP and COPANO.

Appears in 3 contracts

Samples: Copano Energy, L.L.C., Copano Energy, L.L.C., Copano Energy, L.L.C.

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Commitments of the Parties. Subject to the terms and conditions herein, KMTP agrees to deliver or cause to be delivered to COPANO at the Delivery Point all of the Gas in the KMTP Line available for delivery at the Delivery Point. COPANO shall have the exclusive right and option to Process all such Gas in the Plant. Notwithstanding the foregoing, KMTP shall have the right to require COPANO to bypass the Plant with all or part of the Inlet Gas during any period in which the threat of hurricanes or freezing weather in the U. S. Gulf Coast area in is imminent, present or recent, if, in KMTP's ’s sole opinion, such Inlet Gas is needed to fulfill KMTP's ’s contract obligations. During such period, COPANO's to the extent of such bypass, the payment obligations under Article 4, KMTP's payment obligations of the Parties under Article 5, and COPANO's ’s performance obligations under Section 2.3 shall be deemed suspended and waived by both KMTP and COPANO.

Appears in 1 contract

Samples: Gas Processing Contract (Copano Energy, L.L.C.)

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Commitments of the Parties. Subject to the terms and conditions herein, KMTP agrees to deliver or cause to be delivered to COPANO at the Delivery Point all of the Gas in the KMTP Line available for delivery at the Delivery Point. COPANO shall have the exclusive right and option to Process all such Gas in the Plant. Notwithstanding the foregoing, KMTP shall have the right to require COPANO to bypass the Plant with all or part of the Inlet Gas during any period in which the threat of hurricanes or freezing weather in the U. S. Gulf Coast area in is imminent, present or recent, if, in KMTP's ’s sole opinion, such Inlet Gas is needed to fulfill KMTP's ’s contract obligations. During such period, COPANO's to the extent of such bypass, the payment obligations under Article 4, KMTP's payment obligations of the parties hereto under Article 5, and COPANO's ’s performance obligations under Section 2.3 shall be deemed suspended and waived by both KMTP and COPANO.

Appears in 1 contract

Samples: Gas Processing Contract (Copano Energy, L.L.C.)

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