Overage Volume. In the event the Sales Volume purchased by Chaparral exceeds the Monthly Minimum Volume and an Overage Volume is created, then:
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Overage Volume. In the event the Sales Volume purchased by Chaparral exceeds the Monthly Minimum Volume and an Overage Volume is created, then:
(i) first, such Overage Volume shall be netted against any Shortfall Volume that may exist in the CO2 Bank, and
(ii) second, if after applying (i) above there is any remaining Overage Volume, then such remaining Overage Volume shall be banked.
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Sources: Carbon Dioxide Purchase and Sale Agreement (Chaparral Energy, Inc.)