Common use of Existing Sources Delivery Date Clause in Contracts

Existing Sources Delivery Date. As to committed sources of production, deliveries under this Contract will commence within thirty (30) days of the earlier of (a) Oneok’s refusal to match Buyer’s bona fide offer contained herein; or (b) termination of the contract currently in effect between Oneok and Seller. Seller hereby agrees to provide timely and proper notice to terminate such contract. As to committed sources of production existing as of the date of this Contract but not yet connected, Seller will commence and complete with due diligence the construction of the facilities necessary to enable Seller to deliver the committed gas at the Delivery Points, and Buyer will cause prompt commencement and complete with due diligence the construction of the facilities necessary and economically feasible to enable Buyer or its gas gathering contractor to receive gas deliveries at the Delivery Points.

Appears in 1 contract

Sources: Gas Purchase Contract (Cano Petroleum, Inc)

Existing Sources Delivery Date. As to committed sources of production, deliveries under this Contract will commence within thirty (30) days of the earlier of (a) Oneok▇▇▇▇▇’s refusal to match Buyer▇▇▇▇▇’s bona fide offer contained herein; or (b) termination of the contract currently in effect between Oneok ▇▇▇▇▇ and Seller. Seller hereby agrees to provide timely and proper notice to terminate such contract. As to committed sources of production existing as of the date of this Contract but not yet connected, Seller will commence and complete with due diligence the construction of the facilities necessary to enable Seller to deliver the committed gas at the Delivery Points, and Buyer will cause prompt commencement and complete with due diligence the construction of the facilities necessary and economically feasible to enable Buyer or its gas gathering contractor to receive gas deliveries at the Delivery Points.

Appears in 1 contract

Sources: Gas Purchase Contract (Cano Petroleum, Inc)