Common use of Gas Processing Clause in Contracts

Gas Processing. As a condition to Closing, at the Closing, Purchaser and Noble will enter into an agreement pursuant to which Noble or its Affiliates will provide to Purchaser (a) at no economic burden to Purchaser or its Affiliates (as the case may be) beyond that which Noble or its Affiliate bears as of the Effective Time, the right to process all the gas produced from the Assets at gas processing plants owned by Noble or its Affiliates or to which Noble or its Affiliates have the right to use (in each case) as of the Effective Time that were processing gas produced from the Assets as of the Effective Time, such right being subject to the processing capacity at such plants in existence as of the Effective Time (subject further to annual equity re-determination at such plants) and to all obligations to process gas at such plants under commitments or agreements in existence as of the Effective Time, (b) at no economic burden to Purchaser or its Affiliates (as the case may be) beyond that which Noble or its Affiliate bears as of the Effective Time, the right to cause all the gas produced from the Assets to be separated at separation facilities owned by Noble or its Affiliates or to which Noble or its Affiliates have the right to use (in each case) as of the Effective Time that were separating gas produced from the Assets as of the Effective Time, such right being subject to the capacity at such facilities as of the Effective Time (subject further to annual equity re-determination at such plants) and to all obligations to separate gas at such facilities under commitments or agreements in existence as of the Effective Time, and (c) the right to use shore-based facilities supporting the operations of the Assets at market rates. Such agreement shall also contain such other terms and conditions as the Parties may mutually agree.