Wellhead Condensate Production Sample Clauses

Wellhead Condensate Production. From and after the Closing Date, each Party Operator shall have exclusive authority and responsibility to market and sell all of the Wellhead Condensate Production of the Parties in the Operated Area in which it operates (but not hedge such Wellhead Condensate Production), and to enter into any necessary marketing agreements for such Wellhead Condensate Production. A Party Operator shall not enter into any marketing agreement that has a noncompetition provision, area of mutual interest restriction, preferential purchase right or dedication of properties that is binding upon a Party without the prior written consent of such Party. Each Party's Wellhead Condensate Production in an Operated Area shall be marketed by the applicable Party Operator on market-based terms at least as favorable as terms received by the applicable Party Operator for its share of Wellhead Condensate Production and the applicable Party Operator will market all Wellhead Condensate Production on market-based terms as reasonably determined in good faith by the applicable Party Operator. Unless a Party otherwise consents to the same in writing, none of such Party's Wellhead Condensate Production may be marketed to the Party Operator marketing such Wellhead Condensate Production or any Affiliate of such Party Operator. Title to a Party's Wellhead Condensate Production will remain in such Party until such time as title to such Wellhead Condensate Production is required to be transferred to the purchasing counterparty under the terms of the applicable sales contract. As requested by a Party Operator from time to time, each Party will reasonably cooperate and coordinate with such Party Operator in order to permit such Party Operator to market such Party's Wellhead Condensate Production. All net proceeds from a Party's Wellhead Condensate Production received by a Party Operator shall be held for the account of such Party and delivered by such Party Operator no later than the 25th day of the calendar month following receipt thereof by such Party Operator to an account designated by the applicable Party.
Sample 1
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Related to Wellhead Condensate Production

  • Delivery Point (a) All Energy shall be Delivered hereunder by Seller to Buyer at the Delivery Point. Seller shall be responsible for the costs of delivering its Energy to the Delivery Point consistent with all standards and requirements set forth by the FERC, ISO-NE, the Interconnecting Utility and any other applicable Governmental Entity and any applicable tariff.

  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.

  • Production Work The Company may use Outside Entities to perform production work outside the plant and its environs provided the Company demonstrates that it is utilizing plant equipment to the maximum extent consistent with equipment capability and customer requirements and the Company is making necessary capital investments to remain competitive in the steel business and is in compliance with Article Eleven, Section B (Investment Commitment).

  • Production Lessee shall, subject to applicable laws, regulations and orders, operate and produce all xxxxx upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of xxxxx on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties.

  • PRODUCER Provide the producer’s name, address (including country), e-mail address, and telephone number, if different from the certifier or exporter or, if there are multiple producers, state “Various” or provide a list of producers. A person who wishes for this information to remain confidential may state “Available upon request by the importing authorities”. The address of a producer shall be the place of production of the good in a Party’s territory.

  • Imbalances The parties hereto recognize that with respect to Section 2.01, on any Day, receipts of gas by Union and deliveries of gas by Union may not always be exactly equal, but each party shall cooperate with the other in order to balance as nearly as possible the quantities transacted on a daily basis, and any imbalances arising shall be allocated to the Facilitating Agreements and shall be subject to the respective terms and charges contained therein, and shall be resolved in a timely manner.

  • Fuel 28.1 The Vehicle must be returned with the amount of fuel equal to that at the time of the commencement of the rental. If the Vehicle is returned with less fuel, the difference will be charged to You at a rate of $5.00 including GST per litre (which includes a service component).

  • Plant The expression ‘Plant’ as used in the tender papers shall mean every temporary accessory necessary or considered necessary by the Engineer to execute, construct, complete and maintain the work and all altered, modified, substituted and additional works ordered in the time and the manner herein provided and all temporary materials and special and other articles and appliance of every sort kind and description whatsoever intended or used therefore.

  • Interconnection 2.1.10 Startup Testing and Commissioning

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

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