Examples of Midstream Contracts in a sentence
Marketer shall purchase and provide services for Producer’s Hydrocarbons delivered hereunder in accordance with all applicable Laws and in compliance with the terms of the applicable Midstream Contracts, and shall use commercially reasonable efforts to (a) obtain market rates in the area under any new contracts for the resale of Producer’s Hydrocarbons, and (b) avoid any imbalances or scheduling variances and any penalty charges associated therewith under the Midstream Contracts.
Notwithstanding the above, if Marketer has entered into Midstream Contracts that are attributable to Producer’s Hydrocarbons and such contracts were approved by Producer prior to the exercise of its repurchase right hereunder, then Producer will not be entitled to exercise its repurchase rights hereunder for the portion of Producer’s Hydrocarbons committed to such approved Midstream Contracts during the term of such Midstream Contracts.
The term “Force Majeure” means any event or circumstance not reasonably within the control of the Party claiming suspension declared as Force Majeure by a counterparty to any of the Midstream Contracts.
Following early termination under Sections 7.2(a), 7.2(b), or 7.2(c) upon Producer’s request, Marketer and its Affiliates shall use commercially reasonable efforts to work with Producer and the applicable counterparties to partially assign, or to enter into replacements for, any of the Midstream Contracts identified by Producer to assist in the continued delivery of Producer’s Hydrocarbons following the termination of this Agreement.
For avoidance of doubt, the Parties agree that the billing and payment provisions set forth in this Article III will apply during the period in which the Marketing Transition Services Agreement is in effect, including the payment of amounts to Producer for the resale of Producer’s Hydrocarbons and the allocation of demand charges under the Midstream Contracts.
The Debtors have sought to reject many of their Midstream Contracts, which provide for the delivery of a significant portion of their production in the aggregate.
However, corrections of a purely typographical or editorial nature may be corrected without reissue.2.9 Why can't the first consignee see the certificate of inspection after it is issued, even though he or she is named on it?First consignees can only view the certificate of inspection in TRACES after it has been signed by the appropriate organic authority.
Midstream Contracts (a) The Caliber Declaratory Judgment Action, and all of the Debtors’ or the Reorganized Debtors’ rights with respect thereto, shall constitute retained Causes of Action, subject in all respect to Section 5.16 of the Plan.
The Credit Parties shall use commercially reasonable efforts to cause the Bankruptcy Court to enter a Final Order approving the rejection of the Midstream Contracts pursuant to section 365 of the Bankruptcy Code no later than sixty (60) days after the Petition Date.
Midstream Contracts 94 ARTICLE VII NEGATIVE COVENANTS 94 Section 7.01.