Common use of Taking in Kind Clause in Contracts

Taking in Kind. Each Party shall take in kind or separately dispose of its proportionate share of Production. Any extra expenditure incurred in or caused by the taking in kind or separate disposition by any Party of its proportionate share of the Production shall be borne by that Party. Any Party taking its share of Production in kind shall be required to pay for only its proportionate share of the part of the Unit’s surface facilities that it uses. Each Party shall execute such division orders and contracts as may be necessary for the sale of its interest in Production from the Unit Area, and, except as provided in Article 28, shall be entitled to receive payment directly from the purchaser thereof for its share of all Production.

Appears in 1 contract

Samples: Unit Operating Agreement (Warren Resources Inc)

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Taking in Kind. Each Party shall take in kind or separately dispose of its proportionate share of Productionall Unitized Substances, exclusive of any part thereof which may be used in development and producing operations and in preparing and creating oil or gas for marketing purposes and production unavoidably lost. Any extra expenditure incurred in or caused by the taking in kind or separate disposition by any Party of its proportionate share of the Production Unitized Substances shall be borne by that such Party. Any Party taking its share of Production in kind shall be required to pay for only its proportionate share of the part of the Unit’s surface facilities that it uses. Each Party shall execute such all division orders and contracts as may be necessary for the of sale of pertaining to its interest in Production from the Unit AreaUnitized Substances, and, except as provided in Article 28, and shall be entitled to receive payment directly direct from the purchaser or purchasers thereof for its share of all Productionthereof.

Appears in 1 contract

Samples: Unit Operating Agreement (Pacific Energy Resources LTD)

Taking in Kind. Each Party shall have the right to take in kind or separately dispose of its proportionate share of Production. Any extra expenditure incurred in or caused by the taking in kind or separate disposition by any Party of its proportionate share of the Production shall be borne by that Party. Any Party taking its share of Production in kind shall be required to pay for only its proportionate share of the part of the Unit’s 's surface facilities that it uses. Each Party shall execute such division orders and contracts as may be necessary for the sale of its interest in Production from the Unit Area, and, except as provided in Article 28, shall be entitled to receive payment directly from the purchaser thereof for its share of all Production.

Appears in 1 contract

Samples: Operating Agreement (Warren Resources Inc)

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Taking in Kind. Each Party shall take in kind or separately dispose of its proportionate share of Productionall Unitized Substances, exclusive of any part thereof which may be used in development and producing operations and in preparing and treating oil or gas for marketing purposes and production unavoidably lost. Any extra expenditure incurred in or caused by the taking in kind or separate disposition by any Party of its proportionate share of the Production Unitized Substances shall be borne by that such Party. Any Party taking its share of Production in kind shall be required to pay for only its proportionate share of the part of the Unit’s surface facilities that it uses. Each Party shall execute such all division orders and contracts as may be necessary for the of sale of pertaining to its interest in Production from the Unit AreaUnitized Substances, and, except as provided in Article 28, and shall be entitled to receive payment directly direct from the purchaser or purchasers thereof for its share of all Productionthereof.

Appears in 1 contract

Samples: Unit Operating Agreement (Pacific Energy Resources LTD)

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