Common use of Future Projects Clause in Contracts

Future Projects. Seller will make its best efforts to develop gas fields and increase its production of Natural Gas. Buyer and Seller agree to negotiate potential terms and conditions for supplying and purchasing such increased production of Natural Gas if Buyer has spare Plant capacity. For greater certainty, neither Buyer nor Seller has any obligation to enter into a contract for such increased production of Natural Gas, unless and until the Parties reach an agreement at that time.

Appears in 2 contracts

Sources: Contract for the Sale and Purchase of Natural Gas, Contract for the Sale and Purchase of Natural Gas (GeoPark LTD)