Common use of Take or Pay Clause in Contracts

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow Hydrocarbons to be sold or to deliver Hydrocarbons, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest in the Hydrocarbons attributable to any Well or Interest (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)

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Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangementarrangement to which Seller is a party, to allow Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Well Well, unit or Interest Lease described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 12.4 and 13.512.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of the Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest its net revenue interest in the Hydrocarbons attributable to any Lease or Well described in Exhibits “A” or Interest “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 13.5 and 13.513.6, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest in the Hydrocarbons attributable to any Well Well, unit or Interest Lease described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangementarrangement to which Seller is a party, to allow Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Well Well, unit or Interest Lease described in Exhibit “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Well Well, unit or Interest Lease described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Holdings, Inc.)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangementarrangement to which Seller is a party, to allow Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Well Well, unit or Interest Lease described in Exhibit “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 12.4 and 13.512.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

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Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its Hydrocarbons attributable to the Interests or Xxxxx to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Well or Interest described in Exhibit “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Midstates Petroleum Company, Inc.)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Well Well, unit or Interest (other than with regard to certain obligations relative to Assumed Imbalances Lease described in Exhibits “A” or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively)“B”.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its Hydrocarbons to be sold or to deliver Hydrocarbonssold, without receiving full payments at the time of delivery in an amount that corresponds to the Net Revenue Interest net revenue interest in the Hydrocarbons attributable to any Lease or Well described in Exhibits “A” or Interest “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.4 and 13.5, respectively).

Appears in 1 contract

Samples: Highlands Unit (Mid-Con Energy Partners, LP)

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