Disposition of Gas. Upon termination, or expiration of the Assignment Period, or any recall as provided for in Section 4 hereof, any gas remaining in storage will be disposed of per the Assignor’s instructions in the Addendum executed via the LINK® system.
Disposition of Gas. If any Party fails to take in kind or separately dispose of its proportionate share of gas produced from the Unit Area, Unit Operator shall have the right (which right is subject to revocation at will by the non-taking Party) but not the obligation, to purchase such gas or sell it to others at any time and from time to time, for the account of the non-taking Party, after first giving the non-taking Party 30 days written notice of the intended purchase or sale and the price to be paid or the pricing basis to be used. An owner of gas Production shall always have the right, exercisable at any time, to take in kind, or separately dispose of, its share of gas Production not previously committed to a purchaser. Any purchase or sale by Unit Operator shall be only for such reasonable periods of time as are consistent with the minimum needs of the industry under the particular circumstances, but in no event for a period in excess of 1 year. Any purchase or sale by Unit Operator shall be in a manner commercially reasonable under the circumstances, but Unit Operator shall have no duty to share any existing market or transportation arrangement or to obtain a price or transportation fee equal to that received under any existing market or transportation arrangement. Unit Operator may discontinue the purchase or sale of gas Production for any non-taking Party by giving the non-taking Party 30 days prior written notice. The sale or delivery by Unit Operator of a non-taking Party's share of gas Production under the terms of any contract of Unit Operator shall not give the non-taking Party any interest in or make the non-taking Party a party to the contract. Unit Operator may deduct from the revenue payable to the non-taking Party the actual costs that Unit Operator incurs for making the gas Production marketable and delivering the gas Production to market, as well as any Lease Burdens and production and severance taxes paid for the non-taking Party's account that are attributable to the non-taking Party's proportionate share of gas Production. By entering into this Agreement, the Parties have simultaneously entered into the Gas Balancing Agreement attached as Exhibit 6 hereto. If one or more of the Parties take gas Production from one or more participating areas within the Unit which results in a Party taking more or less than its proportionate share of gas Production from each participating area in any given month, then the balancing and accounting of the respective accou...
