Condensate, Drip Liquids, Skim Oil and Natural Gas Liquids Sample Clauses

Condensate, Drip Liquids, Skim Oil and Natural Gas Liquids are those hydrocarbon liquids that occur as the result of natural gas compression and pipeline pigging and temperature changes (drip) and oil skimming.
Sample 1
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Condensate, Drip Liquids, Skim Oil and Natural Gas Liquids. Following the execution of this Agreement, Carrier and Producer shall negotiate in good faith and use their commercially reasonable efforts to agree on an amendment of this Agreement to accommodate the blending of Condensate, Drip Liquids, Skim Oil and Natural Gas Liquids. The objectives of the parties in this regard are (i) for Carrier to study and engineer the facilities modifications that would be required and for the parties to jointly agree on any amendments to the terms of this Agreement (including any modification to fee structure that would enable Carrier to achieve a reasonable rate of return on its additional investment) that would be necessary to accommodate such blending such that the project would be complete by December 31, 2017 and (ii) initially continue existing arrangements with respect to collection and sales of Condensate, Drip Liquids, Skim Oil and Natural Gas Liquids, subsequently accomplish the blending of such products at Carrier’s Central Oil Storage Facility and finally accomplish the blending of such products at the Receipt Points or at new receipt points using Carrier’s pipeline infrastructure.
Sample 1

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