Common use of Dedicated Reserves Clause in Contracts

Dedicated Reserves. Subject to Producer’s Reservations and to the other terms and conditions of this Agreement, Producer (i) exclusively dedicates and commits to the performance of this Agreement the Dedicated Reserves, (ii) represents that the Dedicated Reserves are not otherwise subject to any other gas gathering agreement or commitment and (iii) agrees not to deliver any Gas produced from the Dedicated Reserves and owned by Producer to any other gas gatherer, processor, or gas gathering system. Producer possesses the right to deliver the Dedicated Reserves to the Gathering System. Producer agrees to cause any existing or future Affiliates of Producer holding Dedicated Reserves to be bound by, and to execute and join as a party, this Agreement. The dedication and commitment made by Producer under this Agreement is a covenant running with the land.

Appears in 2 contracts

Samples: Gas Gathering and Processing Agreement, Gas Gathering and Processing Agreement (Gasco Energy Inc)

AutoNDA by SimpleDocs

Dedicated Reserves. Subject only to Producer’s Reservations and to the other terms and conditions of this AgreementReservations, Producer (i) exclusively dedicates and commits to the performance of this Agreement the Dedicated Reserves, (ii) represents that the Dedicated Reserves are not otherwise subject to any other gas gathering agreement or commitment commitment, except as provided in the ETC Contract, and (iii) agrees not to deliver any Gas produced from the Dedicated Reserves and owned or controlled by Producer or their Affiliates to any other gas gatherer, processor, gatherer or gas gathering system. Producer possesses the right to deliver the Dedicated Reserves to the Gathering System. Producer agrees to cause any existing or future Affiliates of Producer holding Dedicated Reserves to be bound by, and to execute and join as a party, this Agreement. The dedication and commitment made by Producer and their Affiliates under this Agreement is a covenant running with the land.

Appears in 1 contract

Samples: Gas Gathering Agreement (Gastar Exploration LTD)

AutoNDA by SimpleDocs

Dedicated Reserves. Subject to Producer’s Reservations and to the other terms and conditions of this Agreement, including Section 3.3 above, Producer (i) exclusively dedicates and commits to the performance of this Agreement the Dedicated Reserves, (ii) represents that the Dedicated Reserves are not otherwise subject to any other gas gathering agreement or commitment and (iii) agrees not to deliver any Gas produced from the Dedicated Reserves and owned by Producer to any other gas gatherer, processor, or gas gathering system. Producer possesses the right to deliver the Dedicated Reserves to the Gathering System. Producer agrees to cause any existing or future Affiliates of Producer holding Dedicated Reserves to be bound by, and to execute and join as a party, this Agreement. The dedication and commitment made by Producer under this Agreement is a covenant running with the land.

Appears in 1 contract

Samples: Gas Gathering and Processing Agreement (Gasco Energy Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!