Dedication and Commitment. Seller hereby commits and dedicates to the performance of this Agreement Seller’s Gas Reserves produced from the AMI and Seller’s Gas Reserves produced from any ▇▇▇▇▇’ unit acreage on the AMI or any other acreage pooled or unitized therewith, reserving, however, to Seller the following: (a) All gas which Seller may require for fuel for operation and development upon the AMI; and (b) All gas which Seller may require for delivery to lessors under the terms of leases constituting any part of the AMI. (c) The right to pool or unitize the leases (or any portion thereof) committed hereto with other lands and leases so long as such action does not reduce Seller’s Gas Reserves. In the event of any such pooling or unitization, this Agreement will cover Seller’s interest in the pool or unit formed and the gas attributable thereto to the extent that such interest is derived from Seller’s Gas Reserves. If in Phase II, Buyer is required to release Excess Gas from commitment and dedication to this Agreement, the Excess Gas will be committed and dedicated to a transportation agreement with terms and conditions substantially identical to the Transportation Agreement except that Seller will be “Shipper” thereunder in lieu of Buyer.
Appears in 1 contract
Dedication and Commitment. Seller hereby commits and dedicates to the performance of this Agreement Seller’s 's Gas Reserves produced from the AMI and Seller’s 's Gas Reserves produced from any ▇▇▇▇▇’ ' unit acreage on the AMI or any other acreage pooled or unitized therewith, reserving, however, to Seller the following:
(a) All gas which Seller may require for fuel for operation and development upon the AMI; and
(b) All gas which Seller may require for delivery to lessors under the terms of leases constituting any part of the AMI.
(c) The right to pool or unitize the leases (or any portion thereof) committed hereto with other lands and leases so long as such action does not reduce Seller’s 's Gas Reserves. In the event of any such pooling or unitization, this Agreement will cover Seller’s 's interest in the pool or unit formed and the gas attributable thereto to the extent that such interest is derived from Seller’s 's Gas Reserves. If in Phase II, Buyer is required to release Excess Gas from commitment and dedication to this Agreement, the Excess Gas will be committed and dedicated to a transportation agreement with terms and conditions substantially identical to the Transportation Agreement except that Seller will be “"Shipper” " thereunder in lieu of Buyer.
Appears in 1 contract