Common use of Seller’s Statement Clause in Contracts

Seller’s Statement. On or before May 15 of each Year, by Formal Notice Seller shall deliver to Buyer a statement of Seller’s Gas Reserves (as provided by the Engineer), the sum of Seller’s Gas Sale Commitments, and a Forecast of Seller’s Field Operations Gas to be used during the remaining Term, all as of January 1 of the Year in which the statement is submitted to Buyer. The Seller’s Statement of Seller’s Gas Reserves shall be substantially in the form set forth in Exhibit J.

Seller’s Statement. On or before May 15 of each YearYear commencing in 2019 and ending in 2022, by Formal Notice Seller shall deliver to Buyer a statement of Seller’s Gas Reserves (as provided by the Engineer), the sum of Seller’s Gas Sale Commitments, and a Forecast of Seller’s Field Operations Gas to be used during the remaining Term, all as of January 1 of the Year in which the statement is submitted to Buyer. The Seller’s Statement of Seller’s Gas Reserves shall be substantially in the form set forth in Exhibit J.