Commitment of Gas and Obligation to Purchase Sample Clauses

Commitment of Gas and Obligation to Purchase. 2.1 COMMITTED GAS. During the term of this Agreement, Producer agrees to sell to Dynegy and Dynegy agrees to purchase from Producer under the terms of this Agreement all Committed Gas. Subject to the terms and conditions of this Agreement, Producer's obligation to sell one hundred percent (100%) of the Committed Gas and Dynegy's obligation to purchase one hundred percent (100%) of the Committed Gas made available by Producer are firm obligations. Committed Gas is defined as all gas produced in the lower-48 United States and owned or controlled by CUSA and TEPI during the term of this Agreement, except gas that is dedicated to a Pre-Effective Date Commitment as defined in Section 2.1.1, gas dedicated to a Post-Effective Date Commitment as defined in Section 2.1.2, gas reserved for Lease Use as defined in Section 2.1.4, gas from Small-Volume Sources that CUSA or TEPI has elected to exclude from commitment hereunder as provided in Section 2.1.5, gas produced from Excluded Sources as described in Section 2.1.6, gas produced from acreage farmed out by CUSA or TEPI to a third party as described in Section 2.1.7, Refinery Supply Gas as defined in Section 2.1.8., Emergency Internal Use Supply as defined in Section 2.1.9, and Cogeneration Supply Gas released from this Agreement pursuant to Section 2.1.10. Committed Gas includes, without limitation, gas produced from xxxxx in existence on the Effective Date, xxxxx drilled or recompleted subsequent to the Effective Date and make up gas accruing to, and capable of being delivered by, Producer after the Effective Date as a result of production or pipeline imbalances regardless of whether the imbalances occurred before or after the Effective Date. As to TNGI, Committed Gas shall mean all gas owned or controlled by TNGI, if any, including gas produced by Four Star that TNGI has the right to market under this Agreement, subject to the same reservations and exclusions as are applicable under this Section 2.1 to gas produced by CUSA and TEPI. The Parties acknowledge that TNGI's present marketing arrangements with Four Star are subject to termination on short notice and that TNGI's commitment to sell Four Star production under this Agreement will terminate upon the earlier of (a) the termination of this Agreement, or (b) the termination of TGNI's marketing arrangements with Four Star, as such arrangements may be revised or extended from time to time.
Sample 1
AutoNDA by SimpleDocs
Commitment of Gas and Obligation to Purchase. 2.1 COMMITTED GAS. During the term of this Agreement, and subject to any limitations herein set forth, UPR agrees to sell to UPFUELS and UPFUELS agrees to purchase from UPR under the terms of this Agreement all deliverable Committed Gas, as defined in the third sentence of this Section 2.1. Subject to the terms and conditions of this Agreement, UPR's obligation to sell all deliverable Committed Gas, and UPFUELS' obligation to purchase all Committed Gas made available
Sample 1
Commitment of Gas and Obligation to Purchase 
Sample 1Sample 2

Related to Commitment of Gas and Obligation to Purchase

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent.

  • Rights and Obligations Subsequent to Closing 41 8.1 Survival of Warranties............................................41

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Absolute Rights and Obligations This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Security Instruments to which it is a party by reason of:

  • Rights and Obligations Survive Exercise of the Warrant Except as otherwise provided herein, the rights and obligations of the Company and the Holder under this Warrant shall survive exercise of this Warrant.

  • Termination of Conditions and Obligations The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares when such Shares shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

  • Rights and Obligations on Termination In the event of termination of this Agreement for any reason, the parties shall have the following rights and obligations:

  • Other Rights and Obligations 1. The Entrustor shall transfer the entrusted funds into its account for entrustment loans on a timely basis. The Lender will not commence disbursement procedures in accordance with the entrustment loan agreement and the loan contract etc. until the entrusted funds of the Entrustor have been deposited into its account for entrustment loans.

  • Independent Nature of Rights and Obligations Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

  • Rights and Obligations Upon Termination (a) In the event of Employer’s termination of the Term (and Executive’s employment) pursuant to Section 5.3 (which, for the avoidance of doubt, is a termination Without Cause), Employer shall pay Executive:

Time is Money Join Law Insider Premium to draft better contracts faster.