Common use of Condensate Clause in Contracts

Condensate. Except as provided for in Section 4.8, whereby Shipper elects to market and sell all or any portion of Shipper’s Condensate, Gatherer shall pay Shipper, each Month, an amount equal to product of the Net Condensate Price for such Month multiplied by the number of allocated Barrels of Condensate received by Gatherer from Shipper or for Shipper’s account at the Receipt Points.

Appears in 6 contracts

Samples: Devco    Noble Agreement (CONE Midstream Partners LP), Gathering Agreement (CONE Midstream Partners LP), Gathering Agreement (CONE Midstream Partners LP)

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