Common use of Dedicated Gas Clause in Contracts

Dedicated Gas. (a) Seller and Endeavor Pipeline Inc., as parties to the Gathering Agreement (the “Shipper Parties”), have title to, and the right to sell or otherwise dispose of, the Shipper Parties’ owned portion of the Dedicated Gas; (b) the Shipper Parties have the lawful right and authority to dedicate to the performance of the Gathering Agreement the Shipper Parties’ owned portion of the Dedicated Gas; (c) on the Closing Date and at the time of delivery under the Gathering Agreement, the Shipper Parties’ owned portion of all Dedicated Gas shall be free and clear of any and all Encumbrances; (d) with respect to portions of the Dedicated Gas not owned by the Shipper Parties, the Shipper Parties have the lawful right and authority to dedicate to the performance of the Gathering Agreement such Dedicated Gas; and (e) on the Closing Date and at the time of delivery under the Gathering Agreement, all such Dedicated Gas not owned by the Shipper Parties shall be free and clear of any and all Encumbrances.

Appears in 2 contracts

Sources: Purchase Agreement, Purchase Agreement (GMX Resources Inc)