Failure to Lift Liquid Hydrocarbons Sample Clauses

Failure to Lift Liquid Hydrocarbons. In the event that any of the Parties for any reason fails to lift such quantities of liquid Hydrocarbons as are to be lifted by it in accordance with agreed offtake procedures or consistently nominates less than its full entitlement of liquid Hydrocarbons and thereby in the reasonable opinion of the Operator prejudices the efficiency of the production operation, the Operator shall arrange to lift, or have lifted, the relevant underlifted quantity of liquid Hydrocarbons of said Party or Parties on behalf of said Party or Parties and at said Party or Parties sole risk, and shall dispose of the same at such prices as it can reasonably obtain in all the circumstances and shall credit to said Party or Parties the price obtained therefore net of the costs and expense of such sale and after deduction of a reasonable handling fee.
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Failure to Lift Liquid Hydrocarbons. In the event that any of the Parties for any reason fails to lift such quantities of liquid Hydrocarbons as are to be lifted by it in accordance with agreed offtake proce­dures or consistently nominates less than its full entitle­ment of liquid Hydrocarbons and thereby in the reasonable opinion of the Operator prejudices the efficiency of the production operation, the Operator shall arrange to lift, or have lifted, the relevant underlifted quantity of liquid Hydrocarbons of said Party or Parties and shall dispose of the same at such prices as it can reasonably obtain in all the cir­cumstances and shall credit to said Party or Parties the price obtained therefore net of the costs and expense of such sale and after deduction of a reasonable handling fee.
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