Common use of Delivery Rates Clause in Contracts

Delivery Rates. Buyer and Seller recognize that due to actual operating conditions, the delivery or receipt of Product may not necessarily be of a constant rate. However, Buyer and Seller agree to cooperate fully with one another to maintain as constant a rate of take as operationally possible and in adjusting Daily and Monthly deliveries hereunder. Seller will not be obligated to Tender for Delivery an amount of Product which can not be accurately measured β€” such amount being approximately 1 MMCF/D of Product.

Appears in 3 contracts

Samples: Product Sale and Purchase Contract (Resolute Energy Corp), Product Sale and Purchase Contract (Resolute Energy Corp), Product Sale and Purchase Contract (Resolute Energy Partners, LP)

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Delivery Rates. Buyer and Seller recognize that due to actual operating conditions, the delivery or receipt take of Product may not necessarily be of a constant rate. However, Buyer and Seller agree to cooperate fully with one another to maintain as constant a rate of take as is operationally possible and in adjusting Daily and Monthly deliveries hereunder. Seller will not be obligated to Tender for Delivery an amount of Product which can not be accurately measured β€” such amount being approximately 1 MMCF/D of Product.

Appears in 1 contract

Samples: Purchase Contract (Rancher Energy Corp.)

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