DISPOSAL OF PRODUCTION Sample Clauses

DISPOSAL OF PRODUCTION. 1. Each party shall separately own, take in kind and dispose of its participating interest share of that portion of the petroleum produced and saved from the participation area to which the Contractor is entitled under clause 27 of the Contract.
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DISPOSAL OF PRODUCTION. 27.1 Each Calendar Year, up to a total of ten percent (10%) of the share of Crude Oil production to which the Contractor is entitled, shall be sold to NOCAL by the Contractor for the purpose of satisfying the needs of the domestic market of Liberia. Such contribution of the Contractor shall be in proportion of its share of production to the total Crude Oil production in Liberia. The quantity of Crude Oil the Contractor shall be obligated to sell to NOCAL shall be notified to it by NOCAL at least three (3) months prior to the beginning of each Calendar Quarter.
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DISPOSAL OF PRODUCTION. Each of the Parties shall have the right to take in kind at the delivery point and separately dispose of its share of the total quantities of production available under this Agreement. The Contractor shall have the right to use as much production as may be needed in any petroleum operations within the contract area and also within the transportation and terminal system. In the event of third party usage of the transportation terminal systems the quantities so used or lost outside the contract area shall be proportionate to aggregate use of that transportation and terminal system. All quantities so used or lost shall be excluded from any calculations of entitlement pursuant to Article 11. The quantity of production to which the Minister is entitled pursuant to Article 11 shall be measured and delivered to the Minister at the delivery point and the Minister shall be responsible for all costs and risks associated with the Minister's lifting entitlement from and after the delivery point. Within twelve (12) months after the Minister's approval of a development plan, or within a later period as may be agreed between the Parties but in any event no longer than three (3) months before the first scheduled lifting of crude oil, the Contractor shall propose to the Minister offtake procedures to govern the method whereby the Parties will nominate and lift their respective shares of crude oil. The details of such procedures shall be discussed and agreed upon between Minister and Contractor. The major principles of such procedures shall include the following - lifting shall be carried out so as to avoid interference with petroleum operations. in the event that any Party shall find itself unable for any reason to lift such quantities of crude oil as are to be lifted in accordance with procedures it shall forthwith notify the other Parties to that effect. Such procedures shall include such deterrents as the Parties may agree, to prevent a Party from delaying the lifting of any quantities of crude oil not so lifted, to a later period; and in the absence of any agreement to the contrary between the Parties, the Contractor and the Minister shall share in each type of grade of crude oil in proportion to their respective lifting entitlement. The Contractor shall, if requested by the Minister, use reasonable efforts to market abroad on competitive terms all or part of the Minister's lifting entitlement subject to payment by Minister of costs normally borne by a seller in such t...
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DISPOSAL OF PRODUCTION. 14.1 Each of the Parties shall have the right to take in kind at the Delivery Point and separately dispose of its share of the total quantities of production available under this Agreement. The Contractor shall have the right to use as much production as may be needed in any Petroleum Operations within the Contract Area and also within the transportation and terminal system. In the event of third party usage of the transportation terminal systems the quantities so used or lost outside the Contract Area shall be proportionate to aggregate use of that transportation and terminal system. All quantities so used or lost shall be excluded from any calculations of entitlement pursuant to Article 11. The quantity of production to which the Government is entitled pursuant to Article 11 shall be measured and delivered to the Government at the Delivery Point and the Government shall be responsible for all costs and risks associated with the Government's Lifting Entitlement from and after the Delivery Point.
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DISPOSAL OF PRODUCTION. 22.1 Facilities to Take In Kind 30 22.2 Duty to Take In Kind 30 22.3 Failure to Take In Kind 30 22.4 Expenses of Delivery In Kind 31 22.5 Gas Balancing Agreement 31 ARTICLE 23 APPLICABLE LAW 23.1 Applicable Law 31 ARTICLE 24 LAWS, REGULATIONS AND NON-DISCRIMINATION
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DISPOSAL OF PRODUCTION. Each Party shall separately own, take in kind and dispose of its Participating Interest share of that portion of the Petroleum produced and saved from the Participation Area to which the Contractor is entitled under clause 9.3 of the Agreement. Within [six] months following the signing of this Participation Agreement, the Parties shall, in accordance with the provisions of the Agreement and in light of the gathering and transportation facilities available under the adopted Development Plan, in good faith establish a set of rules governing the scheduling, lifting and other necessary provisions for the Crude Oil offtakes of the Parties, consistent with the Best Petroleum Industry Practice, which shall provide, among other things, such detailed terms and procedures as required for: short-term Production forecasts; nominations and calculation of entitlements; scheduling of deliveries; lifting tolerances; underlift, overlift and make-up provisions; passage of title and risk; penalties assessable to the Parties which cause shut-in or reductions of Production; and other related matters. Whatever is mutually agreed by the Parties shall be deemed to form part of this Participation Agreement. The above terms and procedures shall apply separately to each grade of Crude Oil that is segregated and separately stored for off-take.
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DISPOSAL OF PRODUCTION. Except as expressly provided in Article 13.1(d)(iv) concerning the risk of loss of Petroleum production, the transfer of title and possession to each Contractor Party and SOCAR of the share of the Petroleum production to which such Contractor Party and SOCAR is entitled shall be made at the Delivery Point.
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DISPOSAL OF PRODUCTION 
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Related to DISPOSAL OF PRODUCTION

  • 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.

  • Supply of Products During the term of this Agreement and any extension hereof, the Seller shall sell and supply the products as set out in Schedule 1 hereto (“Products”) to SiPM and SiPM shall buy from the Seller such Products on a non-exclusive basis. The specifications of the Products are set out in Schedule 2 hereto. SUPPLY AGREEMENT - SiPM A Supply Agreement is a document between two parties, a Supplier and a Purchaser. The Supplier can be an individual or business and is the party that " supplies," or sells, the goods to the Purchaser. The Purchaser can also be an individual or a business and is the party that purchases for its use the goods that the Supplier provides.

  • Production Lessee shall, subject to applicable laws, regulations and orders, operate and produce all xxxxx upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of xxxxx on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties.

  • Product ACCEPTANCE Unless otherwise provided by mutual agreement of the Authorized User and the Contractor, Authorized User(s) shall have thirty (30) days from the date of delivery to accept hardware products and sixty (60) days from the date of delivery to accept all other Product. Where the Contractor is responsible for installation, acceptance shall be from completion of installation. Failure to provide notice of acceptance or rejection or a deficiency statement to the Contractor by the end of the period provided for under this clause constitutes acceptance by the Authorized User(s) as of the expiration of that period. The License Term shall be extended by the time periods allowed for trial use, testing and acceptance unless the Commissioner or Authorized User agrees to accept the Product at completion of trial use. Unless otherwise provided by mutual agreement of the Authorized User and the Contractor, Authorized User shall have the option to run testing on the Product prior to acceptance, such tests and data sets to be specified by User. Where using its own data or tests, Authorized User must have the tests or representative set of data available upon delivery. This demonstration will take the form of a documented installation test, capable of observation by the Authorized User, and shall be made part of the Contractor’s standard documentation. The test data shall remain accessible to the Authorized User after completion of the test. In the event that the documented installation test cannot be completed successfully within the specified acceptance period, and the Contractor or Product is responsible for the delay, Authorized User shall have the option to cancel the order in whole or in part, or to extend the testing period for an additional thirty (30) day increment. Authorized User shall notify Contractor of acceptance upon successful completion of the documented installation test. Such cancellation shall not give rise to any cause of action against the Authorized User for damages, loss of profits, expenses, or other remuneration of any kind. If the Authorized User elects to provide a deficiency statement specifying how the Product fails to meet the specifications within the testing period, Contractor shall have thirty (30) days to correct the deficiency, and the Authorized User shall have an additional sixty (60) days to evaluate the Product as provided herein. If the Product does not meet the specifications at the end of the extended testing period, Authorized User, upon prior written notice to Contractor, may then reject the Product and return all defective Product to Contractor, and Contractor shall refund any monies paid by the Authorized User to Contractor therefor. Costs and liabilities associated with a failure of the Product to perform in accordance with the functionality tests or product specifications during the acceptance period shall be borne fully by Contractor to the extent that said costs or liabilities shall not have been caused by negligent or willful acts or omissions of the Authorized User’s agents or employees. Said costs shall be limited to the amounts set forth in the Limitation of Liability Clause for any liability for costs incurred at the direction or recommendation of Contractor.

  • Labeling Upon request, Lessee will xxxx the Equipment indicating Lessor's interest with labels provided by Lessor. Lessee will keep all Equipment free from any other marking or labeling which might be interpreted as a claim of ownership.

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