Hydrocarbon Purchase Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which the Company is a buyer of Hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days’ notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm’s-length contract for the same term with an unaffiliated third-party Sellers, and which do not obligate Sellers to take any specified quantity of Hydrocarbons or to pay for any deficiencies in quantities of Hydrocarbons not taken).
Hydrocarbon Purchase Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Parent, the Company or their respective Subsidiaries, as applicable, is a buyer of Hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm's-length contract for the same term with an unaffiliated third-party seller, and which do not obligate the purchaser to take any specified quantity of Hydrocarbons or to pay for any deficiencies in quantities of Hydrocarbons not taken).
Hydrocarbon Purchase Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Target or a Subsidiary is a buyer of Hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm's-length contract for the same term with an unaffiliated third-party seller, and which do not obligate the Parent to take any specified quantity of Hydrocarbons or to pay for any deficiencies in quantities of Hydrocarbons not taken).
More Definitions of Hydrocarbon Purchase Agreement
Hydrocarbon Purchase Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Chaparral or any Subsidiary is a buyer of Hydrocarbons for resale. As used herein, “Hydrocarbon Sales Agreement” shall mean any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Chaparral or any Subsidiary is a seller of Hydrocarbons.
Hydrocarbon Purchase Agreement which means any sales agreement, purchase contract or marketing agreement that is currently in effect and under which GeoMet or one of the GeoMet Subsidiaries is a buyer of hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days’ notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm’s-length contract for the same term with an unaffiliated third party seller, and which do not obligate the purchaser to take any specified quantity of hydrocarbons or to pay for any deficiencies in quantities of hydrocarbons not taken).
Hydrocarbon Purchase Agreement means any material sales, purchase, exchange or marketing Contract that is currently in effect and under which the Company or any of its Subsidiaries is a buyer of Hydrocarbons for resale (other than purchase agreements entered into in the Ordinary Course of Business with a term of three months or less, terminable by the Company or its Subsidiary which is a party thereto without penalty on 30 days' notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm's-length contract for the same term with an unaffiliated third-party seller, and which do not obligate the purchaser to take any specified quantity of Hydrocarbons or to pay for any deficiencies in quantities of Hydrocarbons not taken).
Hydrocarbon Purchase Agreement means any sales agreement, purchase contract or marketing agreement that is currently in effect and under which any of the Tide West Companies is a buyer of Hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm's-length contract for the same term with an unaffiliated third party seller, and which do not obligate the purchaser to take any specified quantity of Hydrocarbons or to pay for any deficiencies in quantities of Hydrocarbons not taken).
Hydrocarbon Purchase Agreement which means any sales agreement, purchase contract or marketing agreement that is currently in effect and under which Carrollton or a Carrollton Subsidiary is a buyer of hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm's-length contract for the same term with an unaffiliated third party seller, and which do not obligate the purchaser to take any specified quantity of hydrocarbons or to pay for any deficiencies in quantities of hydrocarbons not taken).
Hydrocarbon Purchase Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Midland or any of its Subsidiaries (or Vista or Vista Sub, as applicable) is a buyer of Hydrocarbons for resale (other than purchase agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, which provide for a price not greater than the market value price that would be paid pursuant to an arm's-length contract for the same term with an unaffiliated third-party seller, and which do not obligate the purchaser to take any specified quantity of Hydrocarbons or to pay for any deficiencies in quantities of Hydrocarbons not taken). "Hydrocarbon Sales Agreement" means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Midland or any of its Subsidiaries (or Vista or Vista Sub, as applicable) is a seller of Hydrocarbons (other than "spot" sales agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, and which provide for a price not less than the market value price that would be received pursuant to an arm's-length contract for the same term with an unaffiliated third party purchaser). "Hydrocarbon Support Agreement" means any gathering, transportation, treatment, compression, processing, or similar agreement that is currently in effect and to which Midland or any of its Subsidiaries (or Vista or Vista Sub, as applicable) is a party (other than gathering, transportation, treatment, compression, processing, and similar agreements that have been entered into in the ordinary course of business and which contain market value prices and terms of the type found in gathering, transportation, treatment, compression, processing, and similar agreements entered into between unaffiliated parties in arm's length transactions). "Hydrocarbons" means oil, condensate, gas, casinghead gas, and other liquid or gaseous hydrocarbons. "Indemnification Agreement" has the meaning specified in Section 4.14. "IRS" means the Internal Revenue Service. "Lien" means any lien, trust, mortgage, security interest, pledge, deposit, production payment, restriction, burden, claim, charge, detriment, option, encumbrance, voting agreement, preemptive right, shareholder agreement, rights of a vendor under any title retention or conditi...
Hydrocarbon Purchase Agreement means the Agreement and Plan of Redemption and Merger, dated as of September 5, 2007 by and among MarkWest Hydrocarbon, Inc., MarkWest and MWEP, L.L.C.