Common use of Sale of Petroleum Clause in Contracts

Sale of Petroleum. Grantor, except during such period as Grantee exercises its election to take the royalty in kind, shall deliver to the purchasers of Grantor's Petroleum the Petroleum that is attributable to the Royalty. All such deliveries made by Grantor shall be on the same terms and conditions as are applicable to Grantor's share of such Petroleum.

Appears in 4 contracts

Samples: Joint Operating Agreement (Geoglobal Resources Inc.), Joint Operating Agreement (Geoglobal Resources Inc.), Overriding Royalty Agreement (Bontan Corp Inc)

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