Rights and Obligations of Sellers. (a) The rights of each Seller under this Agreement shall be several (and not joint or joint and several). Sellers’ rights to receive payment in respect of Gas delivered to Buyer and in respect of Buyer’s obligations to pay for Gas not taken (including payment of the Quarterly Deficiency Payment) shall be in accordance with their respective Participating Interests.
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Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement
Rights and Obligations of Sellers. (a) The rights of each Seller under this Agreement shall be several (and not joint or joint and several). Sellers’ rights to receive payment in respect of Gas delivered to Buyer and in respect of BuyerXxxxx’s obligations to pay for Gas not taken (including payment of the Quarterly Deficiency Payment) shall be in accordance with their respective Participating Interests.
Appears in 1 contract
Samples: Sale and Purchase Agreement
Rights and Obligations of Sellers. (a) The rights of each Seller under this Agreement shall be several (and not joint or joint and several). Sellers’ rights to receive payment in respect of Gas delivered to Buyer and in respect of Buyer’s obligations to pay for Gas not taken (including payment of the Quarterly Monthly Deficiency Payment) shall be in accordance with their respective Participating Interests.
Appears in 1 contract
Samples: Sale and Purchase Agreement