Common use of Buyer's Treating Service Clause in Contracts

Buyer's Treating Service. Seller's Gas at the Receipt Point(s) may have a C02 content that exceeds the most restrictive quality specification for C02 content required from time to time by the Interconnecting Pipeline(s). Buyer shall Treat Seller's Gas to reduce its C02 content to no more than two percent (2.00%) by volume at the Delivery Point(s), provided the CO2 content of Seller's Gas does not exceed four percent (4.00%) by volume at the Receipt Point(s) The fee for such Treating is incorporated into the Gathering and Processing Fee. In no event, however, is Buyer obligated to accept deliveries of Seller's Gas at a given Receipt Point if the CO2 content of Seller's Gas at that Receipt Point exceeds four percent (4.00%) by volume, If the weighted arithmetic average quality specification for C02 content of the Interconnecting Pipeline(s) should ever be reduced below two and thirty-one hundredths percent (2.31%) per Mcf, then the Parties shall within thirty (30) Days of written notice thereof from Buyer, renegotiate, subject to Section 1 9 of this Agreement, the Gathering and Processing Fee. If the Parties are unable to renegotiate the Gathering and Processing Fee, then Buyer may refuse to accept further deliveries of Seller's Gas affected thereby or Buyer may at its option, upon thirty (30) Days' prior written notice to Seller, release such affected Gas from the provisions of this Agreement. Buyer's right to renegotiate the Gathering and Processing Fee or, upon the failure of such renegotiation, to refuse to accept further deliveries of Seller's Gas affected thereby or release such affected Gas from the provisions hereof, shall apply to each successive reduction of the most restrictive quality specification for CO2 content of the Interconnecting Pipeline(s) that is below two and thirty-one hundredths percent (2.31%) per Mcf

Appears in 2 contracts

Samples: Gas Purchase Agreement (Petroleum Development Corp), Gas Purchase Agreement (Rockies Region 2007 Lp)

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Buyer's Treating Service. Section 1.6 shall be deleted in its entirety and replaced with the following: Seller's ’s Gas at the Receipt Point(s) may have a C02 CO2 content that exceeds the most restrictive quality specification for C02 CO2 content required from time to time by the Interconnecting Pipeline(s). Buyer shall Treat Seller's ’s Gas to reduce its C02 CO2 content to no more than two percent (2.00%) by volume at the Delivery Point(s), provided the CO2 content of Seller's ’s Gas does not exceed four percent (4.00%) by volume at the Receipt Point(s) ). The fee for such Treating Seller’s Gas that does not exceed three percent (3%) CO2 by volume at the Receipt Point(s) is incorporated into the Gathering and Processing Fee. In the event the CO2 content of Seller’s Gas exceeds three percent (3%) by volume at the Receipt Point(s), the Excess CO2 Treating Fee as set forth in Exhibit E shall be payable from Seller to Buyer. In no event, however, is Buyer obligated to accept deliveries of Seller's ’s Gas at a given Receipt Point if the CO2 content of Seller's ’s Gas at that Receipt Point exceeds four percent (4.00%) by volume, . If the weighted arithmetic average quality specification for C02 CO2 content of the Interconnecting Pipeline(s) should ever be reduced below two and thirty-one hundredths percent (2.31%) per Mcf, then the Parties shall within thirty (30) Days of written notice thereof from Buyer, renegotiate, subject to Section 1 9 1.9 of this Agreement, the Gathering and Processing Fee. If the Parties are unable to renegotiate the Gathering and Processing Fee, then Buyer may refuse to accept further deliveries of Seller's ’s Gas affected thereby or Buyer may at its option, upon thirty (30) Days' prior written notice to Seller, release such affected Gas from the provisions of this Agreement. Buyer's ’s right to renegotiate the Gathering and Processing Fee or, upon the failure of such renegotiation, to refuse to accept further deliveries of Seller's ’s Gas affected thereby or release such affected Gas from the provisions hereof, shall apply to each successive reduction of the most restrictive quality specification for CO2 content of the Interconnecting Pipeline(s) that is below two and thirty-one hundredths percent (2.31%) per Mcf.

Appears in 1 contract

Samples: The Gas Purchase Agreement (Petroleum Development Corp)

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Buyer's Treating Service. Seller's Gas at the Receipt Point(s) may have a C02 content that exceeds the most restrictive quality specification for C02 content required from time to time by the Interconnecting Pipeline(s). Buyer shall Treat Seller's Gas to reduce its C02 content to no more than two percent (2.00%) [ * ] by volume at the Delivery Point(s), provided the CO2 content of Seller's Gas does not exceed four percent (4.00%) [ * ] by volume at the Receipt Point(s) The fee for such Treating is incorporated into the Gathering and Processing Fee. In no event, however, is Buyer obligated to accept deliveries of Seller's Gas at a given Receipt Point if the CO2 content of Seller's Gas at that Receipt Point exceeds four percent (4.00%) [ * ] by volume, If the weighted arithmetic average quality specification for C02 content of the Interconnecting Pipeline(s) should ever be reduced below two and thirty-one hundredths percent (2.31%) [ * ] per Mcf, then the Parties shall within thirty (30) Days of written notice thereof from Buyer, renegotiate, subject to Section 1 9 of this Agreement, the Gathering and Processing Fee. If the Parties are unable to renegotiate the Gathering and Processing Fee, then Buyer may refuse to accept further deliveries of Seller's Gas affected thereby or Buyer may at its option, upon thirty (30) Days' prior written notice to Seller, release such affected Gas from the provisions of this Agreement. Buyer's right to renegotiate the Gathering and Processing Fee or, upon the failure of such renegotiation, to refuse to accept further deliveries of Seller's Gas affected thereby or release such affected Gas from the provisions hereof, shall apply to each successive reduction of the most restrictive quality specification for CO2 content of the Interconnecting Pipeline(s) that is below two and thirty-one hundredths percent (2.31%) [ * ] per Mcf

Appears in 1 contract

Samples: Gas Purchase Agreement (Rockies Region 2007 Lp)

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