Seller's Commitment Clause Samples
The Seller's Commitment clause defines the obligations and assurances that the seller must uphold throughout the transaction. Typically, this includes the seller's promise to deliver the goods or services as described, meet specified quality standards, and comply with agreed timelines. For example, the seller may be required to provide documentation, maintain certain licenses, or refrain from actions that could jeopardize the deal. This clause ensures that the buyer can rely on the seller's performance and provides a basis for recourse if the seller fails to meet their commitments, thereby reducing uncertainty and risk in the agreement.
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Seller's Commitment. Seller shall make available to Buyer 100 percent of Seller's Daily Deliverability of Gas not to exceed the Maximum Daily Quantity. Subject only to Seller's Reservations, Seller exclusively commits to the performance hereof the Committed Reserves, represents that except as expressly set forth on Exhibit A the Committed Reserves are not otherwise subject to any purchase and sale agreement, and agrees not to sell, transfer or deliver to any third party any Gas produced from the Committed Reserves. If Seller acquires any interest in additional Gas within the Reserve Commitment Area, such additional Gas shall likewise be dedicated to this Agreement; provided however, if such additionally acquired interest is dedicated to others by agreement on the date of acquisition by Seller, then such Gas shall only be considered to be dedicated hereunder upon the end of the primary term of such prior agreement.
Seller's Commitment. Seller commits to Buyer to sell and deliver to Buyer, on a Firm basis, Seller's present and future right, title, and interest in the Gas Volumes Committed to this Agreement and outlined on Exhibit F, that Seller delivers to the Receipt Point(s) from the Area of Interest ("Seller's Gas"), subject to the terms of this Agreement.
Seller's Commitment. The Seller hereby agrees to cause the Company to comply with its obligations under this Agreement and to use its best efforts to cause the conditions to the Closing to be satisfied.
Seller's Commitment. SELLER commits to deliver and sell to BUYER at the Central Receipt Point(s) all of SELLER’s Gas produced from the Well(s) released from dedication to any third party agreement during the term of this Agreement.
Seller's Commitment. In consideration of $100 and other valuable consideration, including the obligations of Buyer under any applicable facilities agreements, the receipt and sufficiency of which are acknowledged by Seller, Seller shall make available to Buyer 100 percent of Seller's Daily Deliverability of Gas. Subject only to Seller's Reservations, Seller exclusively commits to the performance of this Agreement the Committed Reserves, represents that the Committed Reserves are not otherwise subject to any purchase and sale agreement, and agrees not to sell, transfer or deliver to any third party any Gas produced from the Committed Reserves, other than Released Gas pursuant to Section 3.3.
Seller's Commitment. Despite any potentially contrary provision of this Agreement, if Seller completes the Closing and the Connecticut Department of Environmental Protection subsequently determines that additional actions are required in order to comply with the requirements of the CTA, Seller, at its sole cost and expense, shall promptly initiate and diligently pursue the activities necessary to comply with the CTA.
Seller's Commitment. Seller agrees that it will not create or permit any additional encumbrances, easements, covenants, restrictions, liens, special assessments (excluding those that will be paid in full by Seller at or before Closing) or other binding instruments against the Property on or after the Effective Date without the express written authorization of the Buyer.
Seller's Commitment. Section 1.1 shall be deleted in its entirety and replaced with the following: Seller commits to Buyer to sell and deliver to Buyer, on a Firm basis, Seller’s present and future right, title, and interest in the Gas Volume Committed to this Agreement and outlined on Exhibit F, that Seller delivers to the Receipt Point(s) from the Area of Interest (“Seller’s Gas”) described on Exhibit B, subject to the terms of this Agreement.
Seller's Commitment. In accordance and compliance with the terms and conditions of this Agreement, Seller agrees to sell, and the State, County and Township agree to buy a Development Easement on the Property. Seller agrees to execute a Deed of Easement containing the terms, conditions and restrictions which are incorporated herein, and required by N.J.A.C. 2:76-6.15. All information contained in the Deed of Easement is subject to confirmation by survey, inspection, title search, and review by the Attorney General’s office. At closing Seller shall deliver a Deed of Easement, appropriate affidavits of title and any other documentation that may be requested in advance by the State, County and Township.
Seller's Commitment. I agree to sell and convey to Buyer the Property on the terms and conditions hereinabove stated. I acknowledge receipt of copy of this agreement bearing my signature and that of the Buyer named above.