Common use of Marketing Contracts Clause in Contracts

Marketing Contracts. Except as disclosed on Schedule 10.17, (i) neither Seller, SAGO nor Altex is a party to any contract for the sale and marketing of hydrocarbons which has a term in excess of thirty (30) days; (ii) neither Seller, SAGO nor Altex is a party to any contract containing a call on, or other right to purchase hydrocarbons, whether or not the same are currently being exercised; and (iii) to Seller’s knowledge, the Properties are not subject to any contracts containing a call or other right to purchase hydrocarbons, whether or not the same are currently being exercised.