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Common use of Gas Balancing Clause in Contracts

Gas Balancing. Except as set forth in Schedule 3.14, the Seller has no obligation to deliver gas (or cash in lieu thereof) from its interest in the Properties to other owners of interest as a result of past production by the Seller or its predecessors in excess of the share to which they are entitled, nor any right to receive deliveries of gas (or cash in lieu thereof) with respect to its interest in the Properties from other owners of interest as a result of past production by the Seller or its predecessors of less than the share to which they were entitled.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Chesapeake Energy Corp), Purchase and Sale Agreement (Southwestern Energy Co)

Gas Balancing. Except as set forth disclosed in Schedule 3.143.18 as of the respective date(s) shown thereon, the such Seller has no obligation to deliver gas (or cash in lieu thereof) from its interest in the non-Buyer Operated Properties to other owners of interest as a result of past production by the such Seller or its predecessors in excess of the share to which they are entitled, nor any right to receive deliveries of gas (or cash in lieu thereof) with respect to its interest in the non-Buyer Operated Properties from other owners of interest as a result of past production by the such Seller or its predecessors of less than the share to which they were entitled.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

Gas Balancing. Except as set forth disclosed in Schedule 3.143.18 as of the respective date(s) shown thereon, the Seller has no obligation to deliver gas (or cash in lieu thereof) from its interest in the Properties to other owners of interest as a result of past production by the Seller or its predecessors in excess of the share to which they are entitled, nor any right to receive deliveries of gas (or cash in lieu thereof) with respect to its interest in the Properties from other owners of interest as a result of past production by the Seller or its predecessors of less than the share to which they were entitled.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

Gas Balancing. Except as set forth in Schedule 3.14, the Seller has “3.13,” Sellers have no obligation to deliver gas (or cash in lieu thereof) from the Properties operated by a Seller or any of its interest in the Affiliates or to such Seller’s Knowledge any other Properties to other owners of interest as a result of past production by the such Seller or its predecessors in excess of the share to which they are entitled, nor any right to receive deliveries of gas (or cash in lieu thereof) with respect to its such other owners’ respective ownership interest in the Properties from other owners of interest as a result of past production by the Seller or its predecessors of less than the share to which they were entitledsubject Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)

Gas Balancing. Except as set forth in Schedule 3.14“3.19”, the such Seller has no obligation to deliver gas (or cash in lieu thereof) from its interest in the Properties to other owners of interest as a result of past production by the such Seller or its predecessors in excess of the share to which they are entitled, nor any right to receive deliveries of gas (or cash in lieu thereof) with respect to its interest in the Properties from other owners of interest as a result of past production by the such Seller or its predecessors of less than the share to which they were entitled.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gastar Exploration USA, Inc.)