Options to Compress Sample Clauses
The "Options to Compress" clause allows parties to combine multiple obligations or transactions into a single net obligation, thereby reducing the number of outstanding positions between them. In practice, this clause may apply to financial contracts where several trades or payment obligations exist, enabling the parties to offset and consolidate these into a smaller number of netted transactions. The core function of this clause is to streamline settlement processes, reduce operational risk, and simplify the management of multiple obligations, ultimately making the relationship between the parties more efficient and less administratively burdensome.
Options to Compress. If Seller’s ▇▇▇▇▇ become incapable of delivering gas into Buyer’s Facilities, neither party will be obligated to compress, but either party will have the option to do so. If neither party elects to compress within a reasonable time after the need for compression appears, Buyer upon written request of Seller will either arrange promptly to provide compression or as Seller’s sole remedy, release the affected gas sources as to the then-producing formations from commitment under this Contract. If Buyer provides additional compression, the price to be paid by Buyer for Seller’s gas shall be reduced by a reasonable compression fee that allows recovery of the related fuel and provides Buyer a reasonable return on investment. C. RESERVATIONS C.1
Options to Compress. If Seller’s ▇▇▇▇▇ become incapable of delivering gas into Buyer’s Facilities, neither party shall be obligated to compress, but either party shall have the option to do so. A party providing compression facilities shall also provide sufficient pulsation dampening equipment so that measurement at the Point(s) of Delivery will not be affected by pulsation. If neither party elects to compress within a reasonable time after the need for compression appears, Buyer upon written request of Seller shall release the affected gas sources as to the then-producing formation(s) from commitment under this Contract.
Options to Compress. If Supplier becomes incapable of delivering Gas into Processor’s Facilities, neither Party will be obligated to compress, but either Party will have the option to do so. If neither Party elects to compress within a reasonable time after the need for compression arises, Processor upon written request of Supplier will arrange promptly to provide compression at a fee and actual fuel charge to be negotiated and mutually agreed to between the Parties. Failure of either Party to compress Supplier’s Raw Gas shall not relieve or release Supplier from its obligation to deliver for processing the Minimum Volume Commitment and Supplier’s obligation to pay the Monthly Shortfall Payment.
Options to Compress. If ▇▇▇▇▇▇’s ▇▇▇▇▇ become incapable of delivering gas into ▇▇▇▇▇’s Facilities, neither party will be obligated to compress, but either party will have the option to do so. If neither party elects to compress within a reasonable time after the need for compression appears, Buyer upon written request of Seller will either arrange promptly to provide compression or release the gas sources unable to deliver gas into Buyer’s Facilities as to the then-producing formations from commitment under this Contract.
Options to Compress. If Supplier’s or Trunkline’s facilities become incapable of delivering gas into Processor’s Facilities, neither party will be obligated to compress, but either party will have the option to do so. If neither party elects to compress within a reasonable time after the need for compression appears, Processor upon written request of Supplier will either arrange promptly to provide compression at a reasonable fee and actual fuel charge to be negotiated between the parties.
Options to Compress. If Seller’s ▇▇▇▇▇ become incapable of delivering gas into Buyer’s Facilities, neither party will be obligated to compress, but either party will have the option to do so. If neither party elects to compress within a reasonable time after the need for compression appears, Buyer upon written request of Seller will either arrange promptly to provide compression or as Seller’s sole
Options to Compress. Seller is obligated to provide compression to deliver gas into Buyer’s facilities at the Delivery Points.