Seller's Reservations/Gas Warranties Sample Clauses

Seller's Reservations/Gas Warranties. Seller reserves the following rights and reasonable quantities of Gas to satisfy same ("Seller's Reservations"): (i) to operate the Committed Reserves as a reasonably prudent operator; provided, in the event Seller should commence Gas flow from a new well, or the repair, reworking, or plugging of any well, notice of same shall be given to Buyer as soon as reasonably practical, (ii) to separate or process the Gas using only mechanical, ambient temperature equipment located at surface production facilities on the Subject Leases, (iii) to use Gas produced from the Subject Leases for operating the Subject Leases, and (iv) to pool, communitize or unitize the Subject Leases, in which event this Agreement shall cover Seller's Interest therein. Seller represents and warrants that Gas delivered has been produced from Seller’s Committed Reserves which are not dedicated or committed to interstate commerce, and has not been commingled at any point upstream from the Delivery Point(s) with other Gas which may be sold, consumed, transported or otherwise utilized in interstate commerce in such a manner as will subject the Gathering Services or any portion thereof, to the jurisdiction of the Federal Energy Regulatory Commission or any successor authority under the Natural Gas Act. and (ii) Seller will take no action that would be designed to subject the Field Services or any portion thereof to the, to the jurisdiction of the Federal Energy Regulatory Commission or any successor authority under the Natural Gas Act. Delivery of Gas hereunder shall not constitute such an action. Seller shall indemnify, defend and hold harmless Buyer and the Field Services provider from any and all loss, cost, expense and Claims, including, without limitation, punitive, exemplary, treble, incidental, consequential and indirect damages, lost profits or other business interruption damages, arising from or out of a breach of the representations and warranties contained in this paragraph.
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Seller's Reservations/Gas Warranties. Seller reserves the following rights and reasonable quantities of Gas to satisfy same ("Seller's Reservations"): (i) to operate the Committed Reserves as a reasonably prudent operator; provided, in the event Seller should commence Gas flow from a new well, or the repair, reworking, or plugging of any well, notice of same shall be given to Buyer no later than five Business Days prior thereto, (ii) to separate or process the Gas using only mechanical, ambient temperature equipment located at surface production facilities on the Subject Leases, (iii) to use Gas produced from the Subject Leases for operating the Subject Leases, and (iv) to pool, communitize or unitize the Subject Leases, in which event this Agreement shall cover Seller's Interest therein. Seller covenants and warrants to Buyer that Gas delivered shall meet the Specifications. Seller shall indemnify, defend and hold harmless Buyer from any and all Claims, including all Claims for punitive, exemplary, treble, incidental, consequential and indirect damages, lost profits or other business interruption damages, arising from or out of a breach of the foregoing covenant and warranty, without regard to the causes related thereto, including the negligence of Buyer or any other party, whether such negligence be sole, joint or concurrent, or active or passive.
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Related to Seller's Reservations/Gas Warranties

  • Seller’s Warranties (1) The Seller warrants that, except as disclosed in this contract at settlement:

  • Seller’s Representations, Warranties and Covenants Seller hereby represents, warrants and covenants to Buyer as follows:

  • Seller’s Representations and Warranties Seller represents and warrants to Purchaser that:

  • Buyer’s Representations and Warranties The Buyer represents and warrants to the Company that:

  • Customer’s Representations and Warranties Upon Xxxxxx’s request from time to time, Customer will provide Seller with current financial information. Customer represents and warrants that any financial information provided to Seller will be true and correct in all material respects and shall fairly and accurately present the financial condition of Customer as of the date of such financial statements. Customer hereby authorizes Seller to review and evaluate Customer’s credit background from time to time.

  • Issuer’s Representations and Warranties The Issuer represents and warrants to the Indenture Trustee as of the Closing Date:

  • Purchaser’s Representations and Warranties Purchaser represents and warrants to Seller that:

  • Contractor’s Representations and Warranties Contractor represents and warrants that neither the execution of this Agreement by Contractor, nor the acts contemplated hereby, nor compliance by Contractor with any provisions hereof will:

  • Vendor’s Warranties CONTRACTOR irrevocably appoints the LEA its agent and attorney-in-fact during the term of this Agreement, so long as the LEA shall not be in default hereunder for the purpose of asserting from time to time whatever claims and rights which CONTRACTOR may have against the Vendor, including warranty claims with respect to the Accepted Buses, but for no other purpose whatsoever. The LEA’s sole remedy for the breach of a warranty shall be against the Vendor and not against CONTRACTOR, nor shall such matters have any effect whatsoever of this Agreement, including the LEA’s obligation to make timely Installment Payments hereunder. The LEA expressly acknowledges that CONTRACTOR makes, and has made, no representation or warranties whatsoever as to the existence or availability of such warranties from the Vendor.

  • REPRESENTATIONS AND WARRANTIES OF SELLERS Sellers represent and warrant to Buyer as follows:

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