Common use of Future Delivery of Hydrocarbons Clause in Contracts

Future Delivery of Hydrocarbons. Seller is not obligated by virtue of any prepayment arrangement, “take or pay” arrangement, production payment arrangement, gas balancing agreement or otherwise to deliver hydrocarbons produced from the Purchased Assets at some future time without then or thereafter receiving full payment therefor without deduction or credit on account of such arrangement from the price that would otherwise be received.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Penn Virginia Corp), Purchase and Sale Agreement (Penn Virginia Corp), Purchase and Sale Agreement (Penn Virginia Corp)

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Future Delivery of Hydrocarbons. Seller is Sellers are not obligated by virtue of any prepayment arrangement, “take or pay” arrangement, production payment arrangement, gas balancing agreement or otherwise to deliver hydrocarbons produced from the Purchased Assets at some future time without then or thereafter receiving full payment therefor without deduction or credit on account of such arrangement from the price that would otherwise be received.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Penn Virginia Corp)

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