Common use of Marketing Activities Clause in Contracts

Marketing Activities. No Debtor will engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from proved Oil and Gas Properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Debtors that any Debtor has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. No Debtor The Company will not engage in marketing activities for any Hydrocarbons hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons hydrocarbons scheduled or reasonably estimated to be produced from their its proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons hydrocarbons scheduled or reasonably estimated to be produced from proved Oil oil and Gas Properties gas properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Debtors Company that any Debtor the Company has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (cb) other contracts for the purchase and/or sale of Hydrocarbons hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. No Debtor will Loan Party shall engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from proved Oil and Gas Properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Debtors any Loan Party that any Debtor such Loan Party has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which that have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. No Debtor The Companies will not engage in marketing activities for any Hydrocarbons hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons hydrocarbons scheduled or reasonably estimated to be produced from their proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons hydrocarbons scheduled or reasonably estimated to be produced from proved Oil and Gas Properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Debtors Companies that any Debtor has the Companies have the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (cb) other contracts for the purchase and/or sale of Hydrocarbons hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. No Debtor (a) Borrower will not engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (ai) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their proved Oil and Gas Properties during the period of such contract, (bii) contracts for the sale of Hydrocarbons scheduled or reasonably reasonable estimated to be produced from proved Oil and Gas Properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Debtors Borrower that any Debtor Borrower has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (ciii) other contracts for the purchase and/or sale of Hydrocarbons of third parties (iA) which that have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (iiB) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.