Committed Gas Clause Samples
The 'Committed Gas' clause defines the specific quantity of natural gas that a seller is obligated to deliver and a buyer is required to purchase under a contract. This clause typically outlines the volume, delivery schedule, and any conditions or limitations related to the committed gas, such as minimum or maximum amounts and timeframes for delivery. By clearly specifying these obligations, the clause ensures both parties understand their supply and purchase commitments, thereby reducing the risk of disputes and providing certainty in planning and operations.
Committed Gas. During the term hereof and subject to any limitations herein set forth, Seller shall sell to Buyer and Buyer shall purchase from Seller all deliverable Gas owned or controlled (as defined in Article XIII) by Seller during the term of this Agreement in North America (onshore and offshore), excluding, however, Gas defined as Excluded Gas. All Gas described in the preceding sentence shall be hereinafter referred to as "Committed Gas." Buyer and Seller shall agree on the arrangements for delivery by Seller and taking by Buyer of Committed Gas presently being produced in Canada not later than the last to occur of (a) 90 days after the Effective Date or (b) 90 days after a Seller's initial acquisition of Gas production in Canada. Until such arrangements are in place, Canadian Gas shall not be considered "Committed Gas." If Buyer and Seller cannot reach agreement on the foregoing matters before such date, then the differences between Buyer and Seller shall be submitted to arbitration in accordance with Section 14.10.
Committed Gas. 5 3.2 Excluded Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 3.3
Committed Gas. Subject to the terms and conditions of this Agreement, Seller commits to the performance of this Agreement and shall sell and deliver, or cause to be delivered, one hundred percent (100%) of the Committed Gas, and Purchaser shall purchase and receive, or cause to be received, one hundred percent (100%) of the Committed Gas made available by Seller. "Committed Gas" is defined as all gas produced and owned or controlled by Seller and any Seller Affiliate within the Committed Area during the term of this Agreement, including such gas produced from well▇ ▇▇ existence on the Effective Date, well▇ ▇▇▇lled or re-completed subsequent to the Effective Date in the Committed Area and make-up gas accruing to, and capable of being delivered by, Seller or any Seller Affiliate after the Effective Date as a result of production or pipeline imbalances, regardless of whether the imbalances occurred before or after the Effective Date, in all cases, other than Excluded Gas.
Committed Gas. During the term of this Agreement, CUSA agrees to sell to NGC and NGC agrees to purchase from CUSA under the terms of this Agreement all Committed Gas. Subject to the terms and conditions of this Agreement, CUSA's obligation to sell one hundred percent (100%) of the Committed Gas and NGC's obligation to purchase one hundred percent (100%) of the Committed Gas made available by CUSA are firm obligations. Committed Gas is defined as all gas produced and owned or controlled by CUSA during the term of this Agreement, except gas ------ that is dedicated to a Pre-Effective Date Commitment, gas dedicated to a Post-Effective Date Commitment, gas reserved by CUSA for Lease Use, gas produced from non-conventional sources of supply, and gas produced from acreage farmed out by CUSA to a third party. Committed Gas includes, without limitation, gas produced from ▇▇▇▇▇ in existence on the Effective Date, ▇▇▇▇▇ drilled or recompleted subsequent to the Effective Date and make up gas accruing to, and capable of being delivered by, CUSA after the Effective Date as a result of production or pipeline imbalances regardless of whether the imbalances occurred before or after the Effective Date.
2.1.1 Pre-Effective Date Commitment. Exhibit B to this Agreement describes ▇▇▇▇▇, oil, gas and mineral leases, gas reserves, or producing properties however characterized that are not subject to this Agreement because the gas produced from such properties is dedicated to the contractual arrangements described in Exhibit B ("Pre-Effective Date Commitment"). Gas subject to a Pre-Effective Date Commitment shall become Committed Gas at such time as the gas may be sold and delivered to NGC as a result of termination or cancellation of the Pre-Effective Date Commitment or other release of the gas from the Commitment.
Committed Gas. The Committed Gas delivered to Delos at the Point of Delivery for processing hereunder shall meet the quality specifications set forth in Exhibit C General Terms and Conditions of EPFS' Gas Gathering and Production Area Services Agreement. Delos shall have the option to accept the Committed Gas if the above referenced quality specifications are not met; provided however, that such acceptance shall not operate as a waiver of such quality specifications and Delos may decline to accept such Committed Gas, which at any time does not meet such specifications.
Committed Gas. During the term hereof and subject to any limitations herein set forth, Seller shall sell to Buyer and Buyer shall purchase from Seller all Gas production