Pre-Effective Date Commitment definition

Pre-Effective Date Commitment means, for quantities of Gas produced under normal operating conditions in excess of 200 Mcf per Day at any Delivery Point (i) any contracts existing on the Effective Date with third Persons who are not Affiliates of UPR for the sale of Gas Owned or Controlled by UPR or its Affiliates, including, without limitation, such contracts listed on Exhibit C to be provided within 30 Days after execution and (ii) any joint operating agreement, unit operating agreement or similar agreement to which UPR is a party, and pursuant to which Gas Owned or Controlled by UPR is being sold on the Effective Date.
View Source

Examples of Pre-Effective Date Commitment in a sentence

  • Exhibit B to this Agreement describes ▇▇▇▇▇, oil, gas and mineral leases, gas reserves, or producing properties however characterized that are not subject to this Agreement because the gas produced from such properties is dedicated to the contractual arrangements described in Exhibit B ("Pre-Effective Date Commitment").

  • TEPI gas sold under such existing or renewed term agreements shall also be considered to be gas subject to a Pre-Effective Date Commitment for purposes of this Section.

  • Gas subject to a Pre-Effective Date Commitment shall become Committed Gas at such time as the gas may be sold and delivered to NGC as a result of termination or cancellation of the Pre-Effective Date Commitment or other release of the gas from the Commitment.

  • UPR agrees to exercise reasonable efforts to terminate any Pre-Effective Date Commitment at the earliest opportunity in accordance with the terms and conditions of such Commitment if, in the reasonable judgment of UPR, such termination will not result in adverse economic consequences to UPR.

  • Excluded Gas" means Pre-Effective Date Commitment Gas, Post-Effective Date Commitment Gas, Lease Use Gas, Small Non-Operated Well Gas, Other Services Gas, Third Party Operations Gas, Non-Conventional Gas, Tax Law Change Gas, Property Management Gas, and Cogeneration Gas, as each is defined in this Section 2.2.

  • Gas subject to a Pre-Effective Date Commitment shall become Committed Gas at such time as the gas may be sold and delivered to Dynegy as a result of termination or cancellation of the Pre-Effective Date Commitment or other release of the gas from the Pre-Effective Date Commitment.

  • Committed Gas is defined as all gas produced and owned or controlled by CUSA during the term of this Agreement, except gas ------ that is dedicated to a Pre-Effective Date Commitment, gas dedicated to a Post-Effective Date Commitment, gas reserved by CUSA for Lease Use, gas produced from non-conventional sources of supply, and gas produced from acreage farmed out by CUSA to a third party.