Sale and Purchase of Natural Gas Sample Clauses

Sale and Purchase of Natural Gas. (a) Beginning on the Delivery Start Date, and thereafter throughout the Term of this Agreement, except during a Scheduled Maintenance Outage or an Unscheduled Maintenance Outage or to the extent excused under the provisions of Article XIII, Seller agrees to sell and deliver at the Delivery Point, and Purchaser agrees to purchase and receive at the Delivery Point, all Scheduled Gas in accordance with the terms of this Agreement. Sales and purchases of the Baseload Gas and Make-Up Gas will be on a Firm basis and sales and purchases of the Additional Gas will be on an Interruptible basis unless and until the Additional Gas is nominated for delivery as provided in Section 6.4 at which time, the Additional Quantity will become Scheduled Gas deliverable on a Firm basis.
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Sale and Purchase of Natural Gas. On or before December 28, 2000, the Purchaser and the Seller shall agree upon and execute a Confirmation Letter and agree upon the schedule to the Initial Surety Bond providing for the periodic reductions to the maximum penal sum thereunder. The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $500,000,000), the date on which the Prepaid Price shall be paid (which shall not be later than December __, 2000), and for each Delivery Month, the Delivery Points, the Required Delivery Quantity, and the amount thereof to be delivered and received at each such Delivery Point, each as mutually agreed by the Purchaser and the Seller. On the date specified for such purpose in the Confirmation Letter, the Purchaser shall pay to the Seller the Prepaid Price by wire transfer of immediately available funds to the Seller's account No. 3750494727 at Bank of America - Dallas, A.B.A. No. 000000000, provided that the conditions precedent set out in Annex 1 have been satisfied by the Seller and no Event of Default or Event of Change shall have occurred. Prior to the execution and delivery of the Confirmation Letter, the Purchaser shall cause the condition precedent set out on Annex 2 to be satisfied. In consideration of the payment to the Seller of the Prepaid Price, the Seller hereby agrees to sell and deliver, or cause to be delivered to the Purchaser or to the account of the Purchaser, in each Delivery Month, at the Delivery Points, the Required Delivery Quantity of Natural Gas (in the amounts set forth in the Confirmation Letter) on the terms and conditions set forth in this Agreement, and the Purchaser hereby agrees to accept delivery of such Natural Gas. Payment of the Prepaid Price shall constitute payment in full of the purchase price of the Natural Gas to be delivered hereunder.
Sample 1
Sale and Purchase of Natural Gas. Seller hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Seller the Required Delivery Quantity of Natural Gas for each Delivery Month during the term of this Agreement at the price designated herein. On or before December 17, 1999, Purchaser and Seller shall agree upon and execute a Confirmation Letter. The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $105,000,000 in the aggregate for A-1 Volumes), the date on which the Prepaid Price shall be paid (which date shall not be later than December 17, 1999), and for each Delivery Month, the Delivery Points, the Required Delivery Quantity, and the amount thereof to be delivered and received at the Delivery Points, each as mutually agreed by Purchaser and Seller. On the date specified for such purpose in the Confirmation Letter, Purchaser shall pay to Seller the Prepaid Price by wire transfer of immediately available funds to an account designated by Seller, provided that the conditions precedent set out in Annex I have been satisfied by Seller and no Event of Default shall have occurred. In consideration of the payment to Seller of the Prepaid Price, Seller hereby agrees to sell and deliver, or cause to be delivered to the Purchaser or to the account of Purchaser, in each Delivery Month, at the Delivery Points, the Required Delivery Quantity of Natural Gas (in the amounts set forth in the Confirmation Letter) on and subject to the terms and conditions set forth in this Agreement, and the Purchaser hereby agrees to accept delivery of such Natural Gas and to fulfill the conditions precedent set forth on Annex II. Payment of the Prepaid Price shall constitute payment in full of the purchase price of the Natural Gas to be delivered hereunder.
Sample 1
Sale and Purchase of Natural Gas. Gas South will provide natural gas service to Locations on a monthly variable rate at Gas South’s then-current Residential published Variable Price Option. You agree to purchase and pay for all of Your natural gas requirements for all Location(s) in accordance with the Terms and Conditions. Gas South offers the option to receive a summary billing statement, by which all charges for Locations are included on one statement. Customer agrees to return the remittance portion of the statement with the payment amount equaling the full amount billed by the due date. Any partial amount remitted may result in the payment being automatically allocated pro rata to individual Locations by the accounting system, summary billing terminated at the discretion of Gas South, and all of Your Locations being past due. Please check your preferred billing method below: □ I would like to receive a summary account bill that includes all of my Locations. (Gas South will provide you Location specific billing details.) □ I would not like to receive a summary account bill; I prefer instead to receive an individual bill for each Location .
Sample 1
Sale and Purchase of Natural Gas. (a) On December 1, 1999, Purchaser and Seller shall agree upon and execute a letter as described in this Section 2.01 (such letter, as the same may be amended from time to time pursuant to Section 2.03(d), being the "Confirmation Letter") and agree upon the schedule to the Initial Surety Bond providing for the periodic reductions to the maximum penal sum thereunder. If on December 7, 1999, a Confirmation Letter and such schedule to the Initial Surety Bond have not been executed and delivered by the parties thereto or if the Prepaid Price has not been paid by Purchaser to Seller, then this Agreement shall terminate and be null and void and without any further force and effect, and without any further actions by the parties. The Confirmation Letter shall specify (i) a mutually acceptable Prepaid Price (which shall be approximately U.S. $150,000,000), (ii) the date on which the Prepaid Price shall be paid (which shall be the same day such Confirmation Letter is executed), and (iii) for each Delivery Month, the Delivery Points, the Required Delivery Quantity, and the amount thereof to be delivered and received at each such Delivery Point, each as mutually agreed by Purchaser and Seller.
Sample 1
Sale and Purchase of Natural Gas. (a) On or before September 30, 1997, Purchaser and Seller shall agree upon and execute a letter described in this Section 2.01 (such letter being the "Confirmation Letter"). The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $35,000,000), the date or dates on which the Prepaid Price shall be paid, and for each Delivery Month, the Required Delivery Quantity, and the proportion thereof to be delivered and received at each
Sample 1
Sale and Purchase of Natural Gas. (a) For every Day throughout the Term of this Agreement, beginning with the Delivery Start Date, and with the exception of periods in which there exists (i) a Scheduled Maintenance Outage; or (ii) a Force Majeure Event; Seller agrees to sell and deliver at the Delivery Point, and Purchaser agrees to purchase and receive at the Delivery Point, all Gas properly nominated in accordance with the terms of this Agreement. Sales and purchases of the Monthly Baseload Gas and Daily Firm Gas will be made on a Firm basis pursuant to the provisions of Article VI. For the first six (6) Months after the Commercial Operation Date, all Gas made available under this Agreement shall be provided from the Daily Firm Quantity or delivered as Intra-Day Gas based on the nomination protocols of Article VI.
Sample 1
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Sale and Purchase of Natural Gas. (a) On or before June 6, 1997, Purchaser and Seller shall agree upon and execute a letter described in this Section 2.01 (such letter being the "Confirmation Letter"). The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $30,000,000), the date or dates on which the Prepaid Price shall be paid, and for each Delivery Month, the Delivery Point, the Required Delivery Quantity, and the proportion thereof to be delivered and received at the Delivery Point, each as mutually agreed by Purchaser and Seller. On the date or dates specified for such purpose in the Confirmation Letter, Purchaser shall pay to Seller the Prepaid Price by wire transfer of immediately available funds to such account or accounts as Seller may designated in writing, provided that the conditions precedent set out in Annex 1 have been satisfied by Seller and no Event of Default or Event of Change shall have occurred.
Sample 1
Sale and Purchase of Natural Gas 
Sample 1

Related to Sale and Purchase of Natural Gas

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Sale and Purchase of the Assets Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Sellers shall sell, assign, transfer, convey and deliver to Purchaser, and Purchaser shall purchase and acquire from the Sellers, free and clear of all Liens other than Permitted Exceptions, all right, title and interest of the Sellers in and to all of their respective properties, assets, Contracts and rights, of every kind and description and wherever located, related to, used in or intended for use in connection with the Business as currently conducted or currently contemplated to be conducted, other than the Excluded Assets (collectively, the “Purchased Assets”), including without limitation the following:

  • Sale and Purchase Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Company agrees to issue and sell Ordinary Shares in the form of Firm ADSs, and each of the Selling Securityholders agrees to sell, in each case severally and not jointly, to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase the number of Firm ADSs set forth opposite the name of such Underwriter in Schedule A attached hereto, subject to adjustment in accordance with Section 11 hereof, in each case at a purchase price of $[ ] per Firm ADS. The Company and the Selling Securityholders are advised by you that the Underwriters intend (i) to make a public offering of their respective portions of the Firm ADSs as soon after the effective date of the Registration Statement as in your judgment is advisable and (ii) initially to offer the Firm ADSs upon the terms set forth in the Prospectus. You may from time to time increase or decrease the public offering price after the initial public offering to such extent as you may determine. In addition, the Company and the Selling Securityholders, in each case severally and not jointly, hereby grant to the several Underwriters the option (the “Over-Allotment Option”) to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Company Ordinary Shares in the form of Firm ADSs and the Selling Securityholders Firm ADSs, ratably in accordance with the number of Firm ADSs to be purchased by each of them, all or a portion of the Additional ADSs as may be necessary to cover over-allotments made in connection with the offering of the Firm ADSs, at the same purchase price per share to be paid by the Underwriters to the Company and the Selling Securityholders for the Firm ADSs. The Over-Allotment Option may be exercised by the Representatives on behalf of the several Underwriters at any time and from time to time on or before the thirtieth day following the date of the Prospectus, by written notice to the Company and the Selling Securityholders. Such notice shall set forth the aggregate number of Additional ADSs as to which the Over-Allotment Option is being exercised and the date and time when the Additional ADSs are to be delivered (any such date and time being herein referred to as an “additional time of purchase”); provided, however, that no additional time of purchase shall be earlier than the “time of purchase” (as defined below) nor earlier than the second business day after the date on which the Over-Allotment Option shall have been exercised nor later than the tenth business day after the date on which the Over-Allotment Option shall have been exercised. The number of Additional ADSs to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional ADSs being purchased as the number of Firm ADSs set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm ADSs (subject, in each case, to such adjustment as the Representatives may determine to eliminate fractional ADSs), subject to adjustment in accordance with Section 11 hereof. [Upon any exercise of the Over-Allotment Option, the number of Additional ADSs to be purchased from the Company shall be the number which bears the same proportion to the aggregate number of Additional ADSs being purchased as [# of company Additional ADSs] bears to [# of Additional ADSs], and the number of Additional ADSs to be purchased from each Selling Securityholder shall be the number which bears the same proportion to the aggregate number of Additional ADSs being purchased as the number of Additional ADSs set forth opposite the name of such Selling Securityholder in Schedule C annexed hereto bears to [# of Additional ADSs], subject, in each case, to such adjustment as the Representatives may determine solely to eliminate fractional ADSs.] [To be updated depending on over-allotment allocation.] Pursuant to powers of attorney (the “Powers of Attorney”) granted by each Selling Securityholder (which Powers of Attorney shall be satisfactory to the Representatives), [ ] and [ ] shall act as representatives of the Selling Securityholders. Each of the foregoing representatives (collectively, the “Representatives of the Selling Securityholders”) is authorized, on behalf of each Selling Securityholder, among other things, to execute any documents necessary or desirable in connection with the sale of the Offered ADSs to be sold hereunder by such Selling Securityholder, to make delivery of the certificates of such Offered ADSs, to receive the proceeds of the sale of such Offered ADSs, to give receipts for such proceeds, to pay therefrom the expenses to be borne by such Selling Securityholder in connection with the sale and public offering of the Offered ADSs, to distribute the balance of such proceeds to such Selling Securityholder, to receive notices on behalf of such Selling Securityholder and to take such other action as may be necessary or desirable in connection with the transactions contemplated by this Agreement.

  • Sale and Purchase of Stock 1.1 Subject to the terms, provisions and conditions set forth herein, Seller hereby sells and delivers to Purchaser, and Purchaser hereby purchases and receives from Seller, the Shares, in exchange for the purchase price set forth hereinafter. Purchaser hereby acknowledges receipt of one or more stock certificates representing the Shares, duly endorsed or accompanied by duly executed stock transfer form.

  • Sale and Purchase of the Notes Subject to the terms and conditions of this Agreement, at the Closing the Company shall issue and sell to each Investor, and each Investor shall purchase and acquire from the Company, the Notes with the applicable principal amount set forth opposite such Investor’s name under Schedule I hereto for a purchase price equal to the principal amount of the Notes (the “Purchase Price”). The obligations of each Investor to purchase its portion of the Notes are several and not joint.

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement:

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 On and subject to the provisions of this Agreement, at Completion the Seller shall sell, and the Purchaser shall purchase, the Sale Shares free and clear from all Encumbrances, together with all rights attaching to them as at Completion, including any right to receive dividends, distributions or any return of capital declared, made or paid with effect from Completion.

  • Sale and Purchase of Assets (a) The Manager shall, in accordance with instructions from the Board, supervise the sale and purchase of assets on the Company’s behalf including the completion of such transactions.

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