The Total Commitment. Subject to all of the terms of this Agreement, Seller commits to deliver and sell to Buyer and Buyer commits to receive and purchase from Seller the Total Commitment of Gas. The Total Commitment (which is subject to adjustment) consists of an Initial Commitment of four hundred fifty-six (456) Bcf of Gas, plus Annual Additional Commitments, plus a Final Additional Commitment. Under specified circumstances, there may be no Annual or Final Additional Commitments. Subject to Buyer’s rights pursuant to Section 4.13(a, b and e), deliveries of the Additional Commitments shall begin immediately after Buyer has exhausted the Initial Commitment.
Appears in 2 contracts
Sources: Gas Purchase Agreement (Semco Energy Inc), Gas Purchase Agreement (Semco Energy Inc)