Disposition of Production. (a) Each participant shall have the right to take its share of production in kind.
Disposition of Production. Neither Member shall have any obligation to account to the other Member for, nor have any interest or right of participation in any profits or proceeds nor have any obligation to share in any losses from, futures contracts, forward sales, trading in puts, calls, options or any similar hedging, price protection or marketing mechanism employed by a Member with respect to its proportionate share of any Products produced or to be produced from the Properties.
Disposition of Production. 22.1 Take-in-Kind Facilities Subject to Article 22.2, a Party may, at its sole cost and risk, construct Take-in-Kind Facilities to take its share of Hydrocarbon production in kind.
Disposition of Production. Taking In Kind
Disposition of Production. (a) As provided in Sec• tion 27(a)(2) of the Act, the Lessor shall have the right to purchase not more than 16-2/3 percent by volume of the oi l and gas produced pursuant to the lease at the regulated price, or i f no regulated price applies, at the fair market value at the well head of the oil and gas saved, removed, or sold, except that any oil or gas obtained by the Lessor as royalty or net profit share shall be credited against the amount that may be purchased under this subsection.
Disposition of Production. 14.1 Subject to the provisions of Section 14.3 and Section 14.4, following the commencement of Commercial Production and provided that each Participant has paid to Operator its respective Cost Share of Operating Costs for that period, the Participants will take in kind and separately dispose of Mineral Products in the ratio of their respective Interests.
Disposition of Production. (a) Each participant will have the right and obligation to take production in kind, but is free to make separate arrangements with operator to market its share.
Disposition of Production. 57 22.1 Take-in-Kind Facilities ..........................................................................57 22.2 Duty to Take-in-Kind .............................................................................57 22.3 Failure to Take Oil and Condensate in-Kind .......................................................58 22.4 Failure to Take Gas in-Kind ......................................................................58 22.5 Expenses of Delivery in-Kind .....................................................................58
Disposition of Production. 31 11.1 Taking in Kind..............................................................................31 11.2 Failure of Participant to Take In Kind......................................................31
Disposition of Production. Subject to the second sentence of this Section 5.9, the Company shall from time to time sell or otherwise dispose of any Products produced from the Properties and may, but shall not be obligated, from time to time use futures contracts, forward sales, trading in puts, calls, options and any similar hedging, price protection and/or other marketing mechanisms in connection with such disposition. A Member may elect to receive Products in kind upon payment by such Member to the Company pursuant to an agreement approved by the Management Committee of all additional costs and expenses relating to such Member's taking in kind.
