Commitment of Gas Sample Clauses
The Commitment of Gas clause defines the obligation of a party, typically the seller or producer, to dedicate a specified quantity of natural gas to a contract or agreement. This clause outlines the sources of gas, the volumes to be delivered, and the duration of the commitment, ensuring that the buyer has a reliable supply for the agreed period. By clearly establishing the supply obligations, the clause provides certainty for both parties and mitigates the risk of supply shortfalls or disputes over delivery commitments.
Commitment of Gas. 1. Seller commits to the performance of this Contract all gas reserves hereafter produced from or attributable to the well unit(s) described on Exhibit "A", as said Exhibit may be amended from time to time, attributable to any interest in such gas reserves now or hereafter owned by Seller.
2. Seller, with Buyer's written concurrence, may add well units to this Contract, provided that such units lie within Alpena, Cheboygan, Montmorency
Commitment of Gas. 1. Subject to all of the provisions hereof, Seller commits to the performance of this Agreement all gas reserves in the formations and strata in and under the area described on Exhibit "A" which are above the base of the Niagaran Formation and which are attributable to any interest in such gas now or hereafter owned by Seller. Said commitment shall continue in effect until December 31, 1981 and from month to month thereafter unless cancelled by written notice by Seller to Buyer given at least thirty (30) days prior to the time ▇▇▇▇▇▇ ▇▇▇ires to cancel the commitment provided for hereunder. Said cancellation shall apply only to acreage outside of drilling or production units in the area described on Exhibit "A" on the effective date of said cancellation.
2. Seller, with Buyer's written concurrence, may add acreage to the performance of the foregoing commitment. If Seller elects to so add additional acreage to this Agreement, Seller shall prepare and submit to Buyer a description of the additional acreage and the written acceptance by Buyer of the document containing such description shall constitute Buyer's written concurrence and thereupon Exhibit "A" to this Agreement shall be deemed to have been amended to reflect the additional acreage.
3. The gas reserves discovered in well▇ ▇▇▇lled within the area described on Exhibit "A", or on acreage added to this Agreement pursuant to Section 2 above, shall be determined in accordance with the provisions of Article IV hereof.
Commitment of Gas. 1. Seller commits to the performance of this Agreement all gas reserves hereafter produced from or attributable to the reservoir penetrated by well unit(s) from the lands described on Exhibit "A", attributable to any interest in such gas reserves now or hereafter owned by Seller.
2. Seller, with Buyer's written concurrence, may add well units to this Agreement provided that such units lie within Alpena, Cheboygan, Montmorency or Presque Isle Counties, Michigan and outside the lands described on Exhibit "A". If Seller elects to so add well units to this Agreement, Seller shall prepare and submit to Buyer a description of the additional units and the written acceptance by Buyer of the document containing such description shall constitute 9 Buyer's written concurrence, and thereupon Exhibit "A" to this Agreement shall be deemed to have been amended to reflect the additional units.
3. The gas reserves discovered in well units from lands described on Exhibit "A", or any well units added to this Agreement pursuant to Section 2 above, shall be determined in accordance with the provisions of Article IV hereof.
Commitment of Gas