SLB Commitments Clause Samples

SLB Commitments. (a) In return for the foregoing contractual commitments from SEECO , SLB agrees : (i) to provide the Committed SLB Resources to SEECO as required to perform the Key Services and the Oilfield Services hereunder on a priority basis. The priority of Key Services and the Oilfield Services provided by SLB to SEECO hereunder shall be determined based on the level of SEECO’s commitment and expenditures as compared with the level of commitments and expenditures of other customers in the Midcontinent Basin, and SEECO shall receive priority treatment over all customers whose year-to-date commitment and expenditures are lower than those of SEECO; (ii) to furnish trained and experienced personnel sufficient in number and with appropriate qualifications to perform Key Services and the Oilfield Services hereunder, and SLB agrees that the technical and operational competency of the personnel employed by SLB to provide Key Services and the Oilfield Services hereunder shall equal or exceed the technical and operational competency of the personnel that provided such Key Services and Oilfield Services to SEECO as of the Effective Date as reflected in the performance score cards and other performance evaluation measures; (iii) that all Key Services and Oilfield Services provided to SEECO hereunder shall receive competitive pricing based on the rates charged for such services to Midcontinent Basin customers or such other pricing as shall be required under the SWN-SLB Enterprise Agreement; (iv) Notwithstanding anything to the contrary herein or in the MSA, SLB agrees to provide such information, execute such documents and other instruments and take such further actions as may be reasonably requested by the SWN Parties in connection with the provision by the SWN Parties of information to governmental authorities or other parties with respect to Key Services and the Oilfield Services provided by SLB hereunder, including but not limited to the provision of detailed information regarding the chemicals utilized by SLB in such Key Services and Oilfield Services; provided, however, that the SWN Parties may not request that SLB provide information unless such information is required by law to be disclosed in at least one jurisdiction in which any of the SWN Parties operate. (b) To the extent that the provisions of this Section 3.3 conflict with the provisions of the MSA, the provisions of this Section 3.3 shall control.
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SLB Commitments. (a) In return for the foregoing contractual commitments from SEECO , SLB agrees : (i) to provide the Committed SLB Resources to SEECO as required to perform the services hereunder on a priority basis. The priority of services to SEECO hereunder shall be determined based on the level of SEECO’s commitment and expenditures as compared with the level of commitments and expenditures of other customers in the Midcontinent Basin, and SEECO shall receive priority treatment over all customers whose year-to-date commitment and expenditures are lower than those of SEECO; and (ii) that all Oilfield Services provided to SEECO hereunder shall receive competitive pricing based on the rates charged for such services to Midcontinent Basin customers or such other pricing as shall be required under the SWN-SLB Enterprise Agreement.. (b) To the extent that the provisions of this Section 3.3 conflict with the provisions of the MSA, the provisions of this Section 3.3 shall control.
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SLB Commitments. (a) In return for the foregoing contractual commitments from SEECO, SLB agrees: (i) to provide the Committed SLB Resources, which Committed SLB Resources (as set forth in “Exhibit C” hereto) shall be appropriately and proportionately amended by the JLT from time to time as required to respond to any changes in the scope of the Project; (ii) that all requests for services by SEECO hereunder shall receive priority treatment as more fully described on “Exhibit D” attached hereto; (iii) that all Oilfield Services provided to SEECO hereunder shall receive competitive pricing. (b) SLB shall have the right to reduce the Committed SLB Resources if: (i) SEECO is not able to provide a level of activity for efficient use of the resources; or (ii) SEECO is in breach of its obligations under this Agreement or any other agreement between SEECO and SLB. Prior to reducing the SLB Resources in accordance this Section 3.3(b), SLB will provide thirty (30) days advance notice to SEECO. Each notice provided under this Section 3.3(b) will be in writing and state the basis for the reduction or the nature of the breach, as the case may be. It is understood and agreed that any notice provided by SLB pursuant to this Section 3.3(b) with respect to a breach under this Agreement or any other agreement with SEECO shall not constitute a waiver by SLB of such breach and SLB shall be entitled to avail itself of all actions, claims and other remedies for such breach whether in contract, equity or at law. (c) Commitments for services not specifically mentioned above can be added to the Agreement by an amendment to this Agreement pursuant to Section 7.1 hereof. This Agreement does not preclude SLB from providing Oilfield Services for SEECO in any area outside of the Project Area, nor does this Agreement preclude SLB from providing Oilfield Services to other third-party companies or individuals within the Project Area. (d) To the extent that the provisions of this Section 3.3 conflict with the provisions of the MSA, the provisions of this Section 3.3 shall control.
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Related to SLB Commitments

  • Term Commitments Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

  • Loan Commitments (i) Subject to the terms and conditions hereof, each Lender with an Initial Tranche A Term Loan Commitment severally agrees to make, on the Closing Date, one or more term loans (each, an “Initial Tranche A Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche A Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche A Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche A Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche A Term Loans. Each Lender’s Initial Tranche A Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche A Term Loan Commitment on such date. (ii) Subject to the terms and conditions hereof, each Lender with an Initial Tranche B Term Loan Commitment severally agrees to make, on the Closing Date one or more term loans (each, an “Initial Tranche B Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche B Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(ii) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche B Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche B Term Loans. Each Lender’s Initial Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche B Term Loan Commitment on such date.

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Revolving Credit Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Credit Loans”) in Dollars or in any Available Foreign Currency to the Borrower from time to time during the Commitment Period so long as after giving effect thereto (i) the Available Revolving Credit Commitment of each Lender is greater than or equal to zero, (ii) the Aggregate Revolving Credit Outstandings of all Lenders do not exceed the Aggregate Revolving Credit Commitments and (iii) the Aggregate Multicurrency Outstandings of all Lenders do not exceed the Aggregate Multicurrency Commitments. All Revolving Credit Loans shall be made by the Lenders on a pro-rata basis in accordance with their respective Revolving Credit Commitment Percentages. During the Commitment Period, the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Any Lender may cause its Multicurrency Loans to be made by any branch, affiliate or international banking facility of such Lender, provided, that such Lender shall remain responsible for all of its obligations hereunder and no additional taxes, costs or other burdens shall be imposed upon the Borrower or the Administrative Agent as a result thereof. (b) The Revolving Credit Loans may from time to time be (i) LIBOR Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with subsections 2.2 and 3.2, provided that (x) each Multicurrency Loan shall be a LIBOR Loan and (y) no Revolving Credit Loan shall be made as a LIBOR Loan after the day that is one month prior to the Termination Date.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.