Production Sales Contracts definition

Production Sales Contracts mean those agreements now or hereafter executed in connection with the sale of Oil and Gas attributable to the Oil and Gas Properties.

Production Sales Contracts means all contracts, agreements and arrangements for the sale or disposition of Hydrocarbons.

Production Sales Contracts means all contracts, agreements and arrangements for the sale or disposition of Minerals.

Examples of Production Sales Contracts in a sentence

• Among such costs and expenses are (a) any costs and expenses of adjusting and unwinding the Production Sales Contracts to match or approximate the new Scheduled Quantities, and (b) if the Production Sales Contracts are not amended, any penalties, extra charges, or reductions in purchase price resulting from Scheduled Quantities that are more or less than the quantities of Hydrocarbons specified in the Production Sales Contracts.

• There exist no agreements or arrangements for the sale of Hydrocarbons from the Oil and Gas Properties (including calls on, or other rights to purchase, production, whether or not the same are currently being exercised) other than (a) production sales contracts (in this Section, the "Scheduled Production Sales Contracts") disclosed in Schedule 4.9 of the Seller Disclosure Schedule or (b) agreements or arrangements which are cancelable on 90 days notice or less without penalty or detriment.

• Accordingly, it shall not be necessary for Assignee to join in any new Production Sales Contracts or any amendments to existing Production Sales Contracts.

• The Parties hereby acknowledge that the consent of buyers under Production Sales Contracts may not be obtainable until after Closing and that such consents shall not be a condition precedent to Closing.

• As to any third parties, all acts of Assignor in marketing the Subject Hydrocarbons and all Production Sales Contracts executed by Assignor shall be binding on Payee; it being understood that the right and obligation to market the Subject Hydrocarbons is at all times vested in Assignor and Assignee does not have any such right or obligation or any possessory interest in all or part of the Subject Hydrocarbons.

More Definitions of Production Sales Contracts

Production Sales Contracts means those contracts for the sale of Petroleum Substances produced from the Lands, or lands with which the Lands have been pooled or unitized, as described in Schedule "I";

Production Sales Contracts means all contracts, agreements and arrangements for the sale or disposition of Subject Hydrocarbons that may be produced from or attributable to the Subject Interests, whether presently existing or hereafter created.

Production Sales Contracts there are no Production Sales Contracts for the sale of Petroleum Substances produced from the Lands not terminable on thirty (30) days notice or less;

Production Sales Contracts means all Hydrocarbon sales agreements and Hydrocarbon or water gathering, treatment and/or transportation agreements now existing or hereafter entered into by or on behalf of the Borrower covering the Mortgaged Properties.

Production Sales Contracts means all contracts, agreements and arrangements for the sale or disposition of Subject Hydrocarbons that may be produced from or attributable to Subject Interests, whether presently existing or hereafter created. The Bocachico Prospect, the Cambulos A Prospect and the Cambulos B Prospect are herein collectively called the "Prospects" and sometimes individually called a "Prospect".

Production Sales Contracts means all Hydrocarbon sales agreements and Hydrocarbon or water gathering, treatment and/or transportation agreements now existing or hereafter entered into by or on behalf of any Loan Party covering the Borrowing Base Properties of the Loan Parties.

Production Sales Contracts means the production sales contracts set forth in Schedule "F";