Common use of Sale Agreements Clause in Contracts

Sale Agreements. The Petroleum and Natural Gas Rights are not subject to any gas balancing agreement or, except as identified in Schedule "A", any agreement for the sale of Petroleum Substances therefrom which the Purchaser is required to assume hereunder that requires either the sale of more than thirty (30) days of production (without an early termination penalty or other cost) or the delivery of Petroleum Substances to the purchaser thereof without receiving in due course (and being entitled to retain) full payment at current market price or the contract price therefor;

Appears in 4 contracts

Samples: Agreement (Stone Canyon Resources LTD), Agreement (Terra Nostra Technology LTD), Agreement (Terra Nostra Resources LTD)

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Sale Agreements. The Petroleum and Natural Gas Rights are not subject to any gas balancing agreement or, except as identified in Schedule "β€œA"”, any agreement for the sale of Petroleum Substances therefrom which the Purchaser is required to assume hereunder that requires either the sale of more than thirty (30) days of production (without an early termination penalty or other cost) or the delivery of Petroleum Substances to the purchaser thereof without receiving in due course (and being entitled to retain) full payment at current market price or the contract price therefor;

Appears in 1 contract

Samples: Agreement (Capital Reserve Canada LTD)

Sale Agreements. The Petroleum and Natural Gas Rights are not subject to any gas balancing agreement or, except as identified in Schedule "A", any agreement for the sale of Petroleum Substances therefrom which the Purchaser is required to assume hereunder that requires either the sale of more than thirty (30) days of production (without an early termination penalty or other cost) or the delivery of Petroleum Substances to the purchaser thereof without receiving in due course (and being entitled to retain) full payment at current market price or the contract price therefor;

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cotton Valley Resources Corp)

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Sale Agreements. The Except as identified in Schedule "A", the Petroleum and Natural Gas Rights are not subject to any gas balancing agreement or, except as identified in Schedule "A", any agreement for the sale of Petroleum Substances therefrom which the Purchaser is required to assume hereunder that requires either the sale of more than thirty thirty-one (3031) days of production (without an early termination penalty or other cost) or the delivery of Petroleum Substances to the purchaser thereof without receiving in due course (and being entitled to retain) full payment at current market price or the contract price therefor);

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Exco Resources Inc)

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