Dedication of Production Sample Clauses

Dedication of Production. PASS-THROUGH CONTRACTS 5 Section 4.1 Dedication 5 Section 4.2 Conflicting Dedications 6 Section 4.3 Releases from Dedication 6 Section 4.4 Customer’s Reservations 7 Section 4.5 Pass-Through Contracts 7 ARTICLE 5 DEVELOPMENT PLAN; TERMINALS SYSTEM PLAN; TERMINALS SYSTEM EXPANSION 7 Section 5.1 Development Plans 7 Section 5.2 Terminals System Plans 9 Section 5.3 Agreement on Proposed Development Plan and Terminals System Plan; Meetings; Amendments to Currently Agreed Development Plan and Terminals System Plan 11 Section 5.4 Expansion of Terminals System; Committed Build-Outs; Tank Car Acquisitions 14 ARTICLE 6 MINIMUM VOLUME COMMITMENT; SHORTFALL CREDITS 15 Section 6.1 MVC 15 Section 6.2 Shortfall Credits 15 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). TABLE OF CONTENTS Page ARTICLE 7 FEES; CHARGES; DEDUCTIONS 16 Section 7.1 Fees 16 Section 7.2 Charges 20 Section 7.3 Storage Variations 21 ARTICLE 8 TENDER, NOMINATION, RECEIPT AND DELIVERY OF HYDROCARBONS 21 Section 8.1 Priority of Service 21 Section 8.2 Governmental Action 23 Section 8.3 Tender of Dedicated Crude Oil; Additional Crude Oil; and Customer NGLs 23 Section 8.4 Nominations, Balancing and Curtailment 24 Section 8.5 Suspension/Shutdown of Service 24 Section 8.6 Hydrocarbon Marketing and Transportation 25 Section 8.7 Downstream Delivery Points 25 Section 8.8 Loading Point Vetting 25 ARTICLE 9 QUALITY SPECIFICATIONS 25 Section 9.1 Quality Specifications 25 ARTICLE 10 TERMINATION 26 Section 10.1 Termination 26 Section 10.2 Effect of Termination or Expiration of the Term 28 Section 10.3 Damages for Early Termination 28 ARTICLE 11 TITLE AND CUSTODY; CUSTOMER HYDROCARBONS IN STORAGE 29 Section 11.1 Title 29 Section 11.2 Custody 29 Section 11.3 Security Interest on Stored Inventory 29 ARTICLE 12 BILLING AND PAYMENT; OPERATIONAL REPORTS 30 Section 12.1 Invoices 30 Section 12.2 Payments 30 Section 12.3 Audit 31 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). TABLE OF CONTENTS Page Section 12.4 Monthly Operational Reports 31 Section 12.5 Pass-Thro...
Sample 1Sample 2See All (8)
AutoNDA by SimpleDocs
Dedication of Production. Contributors shall have provided Copano with copies of all Gas Purchase Contracts between Tri-County Gas Gathering System (“Tri-County”) and its producers. The Gas Purchase Contracts between Tri-County and each of Joint Resources, Company and HEP Oil Company, Limited (the “Tri-County Producers”) shall incorporate a dedication of production which, in the aggregate, shall dedicate to Tri-County all of the Tri- County Producers gas production in approximately 29,000 acres of leaseholds in Wise, Cxxxx and Mxxxxxxx Counties in Texas.
Sample 1
Dedication of Production. Sublessor shall have the right, but not the obligation, to transport gas produced from any gas xxxxx drilled hereunder, for Sublessee or for any third-party shipper, at a negotiated rate which will be the higher of a cost of service-based rate or a market rate. If Sublessor exercises the right to transport the gas, it shall inform Sublessee and will use commercially reasonable efforts to seek the contractual and property rights, financing arrangements and regulatory approvals, including the necessary authorizations from FERC under the Natural Gas Act, as may be necessary to construct and operate the subject project.
Sample 1
Dedication of Production. PASS-THROUGH CONTRACTS 5 Section 4.1 Dedication 5 Section 4.2 Conflicting Dedications 6 Section 4.3 Releases from Dedication 6 Section 4.4 Customer's Reservations 7 Section 4.5 Pass-Through Contracts 7
Sample 1
Dedication of Production. Supplier will dedicate its (and its Affiliates’) first production of Crude Oil to satisfy the requirements of this Agreement. Without limiting the foregoing, Supplier agrees that any agreements by Supplier or its Affiliates to sell Crude Oil to a purchaser other than Refiner shall be satisfied only out of production in excess of the volumes to be sold to Refiner pursuant to this Agreement. In the event Supplier elects to market its production in excess of the Base Daily Volumes and Refiner chooses to bid for such volumes, Supplier will contract to sell the incremental volumes to Refiner if Refiner exceeds or matches the highest bid from other potential purchasers.
Sample 1
Dedication of Production 
Sample 1Sample 2Sample 3See All (17)

Related to Dedication of Production

  • Development of Products (a) During the term of this Agreement, ViewRay may from time to time seek services from PEKO with respect to the development of certain Products that can be incorporated into the ViewRay Renaissance™ MRI-guided radiation therapy system. For each Program to be undertaken by PEKO pursuant to this Agreement, the parties will prepare a “Work Statement” and agree to said “Work Statement” in substantially the form attached as Attachment 1. Each Work Statement will describe: (i) the (i) services that PEKO will be responsible for providing to ViewRay and the deliverables that PEKO will be responsible for delivering to ViewRay (“Deliverable(s)”), (ii) delivery schedule for the Deliverables, (iii) pricing terms, (iv) work plan for the Program, and (v) ViewRay’s responsibilities in connection with the Program. Each Work Statement will be prepared based upon the requirements and information provided to PEKO by ViewRay. A separate Work Statement will be required for each Program; and each Work Statement will become subject to this Agreement only when mutually agreed and signed by ViewRay and PEKO.

  • Marketing of Production Except for contracts listed and in effect on the date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts the Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s or its Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date hereof.

  • Assignment of Production Mortgagor does hereby absolutely and ------------------------ unconditionally assign, transfer and set over to Agent all Production which accrues to Mortgagor's interest in the Mortgaged Properties, all proceeds of such Production and all Payments in Lieu of Production (herein collectively referred to as the "Production Proceeds"), together with the immediate and continuing right to collect and receive such Production Proceeds. Mortgagor directs and instructs any and all purchasers of any Production to pay to Agent all of the Production Proceeds accruing to Mortgagor's interest until such time as such purchasers have been furnished with evidence that all secured indebtedness has been paid and that this Mortgage has been released. Mortgagor agrees that no purchasers of the Production shall have any responsibility for the application of any funds paid to Agent.

  • Commercialization Intrexon shall have the right to develop and Commercialize the Reverted Products itself or with one or more Third Parties, and shall have the right, without obligation to Fibrocell, to take any such actions in connection with such activities as Intrexon (or its designee), at its discretion, deems appropriate.

  • Development and Commercialization Subject to Sections 4.6 and 4.7, Fibrocell shall be solely responsible for the development and Commercialization of Fibrocell Products and Improved Products. Fibrocell shall be responsible for all costs incurred in connection with the Fibroblast Program except that Intrexon shall be responsible for the following: (a) costs of establishing manufacturing capabilities and facilities in connection with Intrexon’s manufacturing obligation under Section 4.6 (provided, however, that Intrexon may include an allocable portion of such costs, through depreciation and amortization, when calculating the Fully Loaded Cost of manufacturing a Fibrocell Product, to the extent such allocation, depreciation, and amortization is permitted by US GAAP, it being recognized that the majority of non-facilities scale-up costs cannot be capitalized and amortized under US GAAP); (b) costs of basic research with respect to the Intrexon Channel Technology and Intrexon Materials (i.e., platform improvements) but, for clarity, excluding research described in Section 4.7 or research requested by the JSC for the development of a Fibrocell Product or an Improved Product (which research costs shall be reimbursed by Fibrocell); (c) [*****]; and (d) costs of filing, prosecution and maintenance of Intrexon Patents. The costs encompassed within subsection (a) above shall include the scale-up of Intrexon Materials and related active pharmaceutical ingredients for clinical trials and Commercialization of Fibrocell Products undertaken pursuant to Section 4.6, which shall be at Intrexon’s cost whether it elects to conduct such efforts internally or through Third Party contractors retained by either Intrexon or Fibrocell (with Intrexon’s consent).

  • Commercialization Activities Within North America, the Parties will use Commercially Reasonable Efforts to Commercialize Licensed Products in the Field. In addition, within North America and subject to Section 2.7.6, the Parties will use Commercially Reasonable Efforts to conduct the Commercialization activities assigned to them pursuant to the Commercialization Plan/Budget, including the performance of detailing in accordance therewith. In conducting the Commercialization activities, the Parties will comply with all Applicable Laws, applicable industry professional standards and compliance policies of Celgene which have been previously furnished to Acceleron, as the same may be updated from time to time and provided to Acceleron. Neither Party shall make any claims or statements with respect to the Licensed Products that are not strictly consistent with the product labeling and the sales and marketing materials approved for use pursuant to the Commercialization Plan/Budget.

  • Manufacturing Intrexon shall have the option and, in the event it so elects, shall use Diligent Efforts, to perform any manufacturing activities in connection with the Aquaculture Program that relate to the Intrexon Materials, including through the use of a suitable Third Party contract manufacturer. To the extent that Intrexon so elects, Intrexon may request that AquaBounty and Intrexon establish and execute a separate manufacturing and supply agreement, which agreement will establish and govern the production, quality assurance, and regulatory activities associated with manufacture of Intrexon Materials. Except as provided in Section 4.1, any manufacturing undertaken by Intrexon pursuant to the preceding sentence shall be performed in exchange for cash payments equal to Intrexon’s Fully Loaded Cost in connection with such manufacturing, on terms to be negotiated by the Parties in good faith. In the event that Intrexon does not manufacture Intrexon Materials or bulk quantities of other components of AquaBounty Products, then Intrexon shall provide to AquaBounty or a contract manufacturer selected by AquaBounty and approved by Intrexon (such approval not to be unreasonably withheld) all Information Controlled by Intrexon that is (a) related to the manufacturing of such Intrexon Materials or bulk qualities of other components of AquaBounty Products for use in the Field and (b) reasonably necessary to enable AquaBounty or such contract manufacturer (as appropriate) for the sole purpose of manufacturing such Intrexon Materials or bulk quantities of other components of AquaBounty Products. The costs and expenses incurred by Intrexon in carrying out such transfer shall be borne by Intrexon. Any manufacturing Information transferred hereunder to AquaBounty or its contract manufacturer shall not be further transferred to any Third Party, including any Product Sublicensee, or any AquaBounty Affiliate without the prior written consent of Intrexon; provided, however, that Intrexon shall not unreasonably withhold such consent if necessary to permit AquaBounty to switch manufacturers.

  • Field The term “

  • Production All of the oil, natural gas, condensate, casinghead gas, products or other minerals, attributable or allocable to the Interests or Xxxxx (i) from and after the Effective Time or (ii) which are in storage above the pipeline connection as of the Effective Time, or (iii) with regard to any over-produced or under-produced volumes of Sellers attributable to the Assets (the “Hydrocarbons”).

  • Development Activities NovaDel shall not be required to commence any Development Activities until Licensee has paid at least twenty-five percent (25%) of the non-refundable License Fee described in Section 4.4.

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