Purchase and Sale of Gas Sample Clauses

Purchase and Sale of Gas. KMLP is not providing a supply service under any Rate Schedule of this Tariff. Nevertheless, without limitation of the foregoing, KMLP may buy and sell Gas to the extent necessary to maintain System pressure, to balance the system as necessary to assure KMLP's ability to perform and to continuing performing firm service, to implement the cashout procedures under this Section 10 and to perform other functions in connection with providing transportation service and operating its transmission System. The point of any such sale shall occur at existing Receipt or Delivery Points on the KMLP System. Such sales shall be authorized pursuant to KMLP's blanket sales certificate. Nothing herein shall impose on KMLP any obligation to provide a supply function to any of its Shippers. In any such instance, on the next Monthly invoice, KMLP will reflect the purchase and sales amounts as an additional charge or credit, as applicable. The amounts reflected shall be supported by information which show that the price was reasonably consistent with one or more price indices commonly utilized in the industry for the area or by a detailed explanation as to why the available indices were not appropriate under the circumstances.
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Purchase and Sale of Gas. The terms of this Agreement shall apply to all purchases and sales (“Transaction” or “Transactions”) of natural gas (“Gas”) between U.S. Energy and Customer. Generally, each Transaction will be documented in an Exhibit or Transaction Confirmation signed by both Parties. In the event a Transaction Confirmation does not exist for a particular Transaction and there is sufficient evidence to show that a Transaction occurred, the Parties acknowledge that the Transaction was completed at a market price commensurate with the term and Delivery Point of the transaction. The Parties further agree that for Transactions based on a market index price and for one month or less do not need a Transaction Confirmation to be valid. All Exhibits and Transaction Confirmations along with the Agreement shall form a single, integrated agreement between the Parties. In the event a conflict arises between the terms of the Agreement and the Transaction Confirmation or an Exhibit, the Transaction Confirmation and Exhibit shall be the controlling documents. The term “Delivery Point” shall mean the physical point or points where title to the Gas transfers from the seller of the Gas to the purchaser of the Gas as identified in the Transaction Confirmation. The actual Delivery Point shall be at the inlet side of the metering station(s) specified in the Transaction Confirmation.
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Purchase and Sale of Gas. With respect to each Transaction and subject to the terms of this Agreement, Seller shall sell and deliver, or cause to be delivered, and Buyer shall purchase and receive, or cause to be received, at the Delivery Point the Contract Quantity, and Buyer shall pay Seller the Contract Price in accordance with Article 8. The price shall be the complete consideration to Seller and Seller shall be responsible for the cost of compressing, gathering, processing, treating, liquefying, and transporting the Gas, together with royalties and taxes on the Gas, and all other costs and charges which are incurred prior to the Delivery Point. If Buyer is required to remit or pay such royalties and/or such taxes, then Buyer may deduct or withhold such amounts from payments made to Seller. Buyer shall be responsible for the costs of transporting the Gas and any other costs related to the Gas or its sale, use or possession, at and from the Delivery Point.
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Purchase and Sale of Gas. Horizon is not providing a supply service under any Rate Schedule of this Tariff. Without limitation of the foregoing, Horizon may buy and sell gas to the extent necessary to maintain System pressure, to implement the cashout procedures under this Section 11 and to perform other functions in connection with providing transportation service and operating its system. The point of any such sale shall occur at Receipt Points on a Shipper Agreement. Such sales shall be authorized pursuant to Horizon's blanket sales certificate. Nothing herein shall impose on Horizon any obligation to provide a supply function to any of its Shippers.
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Purchase and Sale of Gas 
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Related to Purchase and Sale of Gas

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 20,000 units (the “Initial Units”) at a purchase price of approximately $.004348 per Initial Unit for an aggregate purchase price of $86.84. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $7.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

  • Purchase and Sale of the Units At the Closing, upon the terms and subject to the conditions set forth in this Agreement, the Seller shall sell, assign, transfer, deliver and convey to the Buyer, free and clear of any Liens, and the Buyer shall purchase, accept and acquire from the Seller, the Units.

  • Purchase and Sale of Note Subject to the terms and conditions of this Agreement, the Seller hereby agrees to issue to the Purchaser and the Purchaser hereby agrees to acquire from the Seller a certain Convertible Promissory Note (“Note”) in the aggregate principal amount of Fifty Thousand Dollars ($50,000), a copy of which is attached hereto as Exhibit “A”.

  • Purchase and Sale of Notes Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Purchase and Sale of the Assets (a) Purchase and Sale of the Assets. Subject to the terms and conditions of this Agreement and on the basis of the representations, warranties, covenants and agreements herein contained:

  • Purchase and Sale of Acquired Assets Upon the terms and subject to the conditions and provisions contained herein, at the Closing (as defined in Section 2.1), the Seller shall sell, convey, assign and deliver to the Purchaser, and the Purchaser shall acquire and accept from the Seller, free and clear of any and all liens, claims, interests and encumbrances, the Seller's right, title and interest in and to the following assets of the Purchaser ("Acquired Assets"):

  • Purchase and Sale of Services During each Contract Year, SABINE shall make available to Customer, and Customer shall purchase and pay for in an amount equal to the Fee, the Services as described in Section 3.1(b).

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”).

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

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