Gas Contract Sample Clauses
A Gas Contract clause defines the terms and conditions under which natural gas is bought, sold, or supplied between parties. It typically outlines the quantity, quality, delivery points, pricing mechanisms, and payment terms for the gas being transacted. For example, it may specify how much gas must be delivered daily, the standards it must meet, and how price adjustments are calculated based on market indices. The core function of this clause is to ensure both parties have a clear, enforceable agreement regarding the supply and purchase of gas, thereby reducing the risk of disputes and ensuring reliable energy delivery.
Gas Contract. The Gas Contract has been duly authorized, executed and delivered by the Operator and the Seller and, assuming the due authorization, execution and delivery of the Gas Contract by The National Gas Company of Trinidad and Tobago Limited, is a legal, valid and binding obligation of the Operator and the Seller, enforceable according to its terms.
Gas Contract. Gas production from the Segregated Lease has been permanently released by Southern Natural Gas Company ("Southern") from an Omnibus Contract entered into between Southern and Seller effective January 1, 1988. The Omnibus Contract covered gas previously sold to Southern under long-term interstate contract which were terminated and abandoned under FERC Order No. 490.
Gas Contract. CDWR and ▇▇▇▇▇▇▇▇ shall execute and deliver an original copy of the Gas Contract, the form of which shall be the same or substantially similar to the document attached hereto and made a part hereof as Schedule 3.2(a)(iii), to each other and to the CPUC, CEOB, and the AG.
Gas Contract. The Gas Contract has been duly authorized and will be duly executed and delivered by an Affiliate of the Lessee and, assuming the due authorization, execution and delivery of the Gas Contract by any party to the Gas Contract other than an Affiliate of the Lessee, when executed and delivered will be a legal, valid and binding obligation of such Affiliate of the Lessee, enforceable according to its terms.
Gas Contract. The Gas Contracts, as defined in the 2003 P&S, have been replaced and superseded by (i) that Base Contract for Sale and Purchase of Natural Gas dated November 1, 2003, by and between Reef Ventures, L.P., as seller, and ONEOK Energy Marketing Company, as buyer, (ii) that Stock Purchase Agreement dated April 19, 2004, whereby Coahuila Energy, L.L.C. acquired the stock of ONEOK, Inc. (i.e., being the parent company of ONEOK Energy Marketing Company) and pursuant to which ONEOK assigned the Base Contract described in clause (i) above to Coahuila Energy, L.L.C., and (iii) that Gas Purchase Contract dated May 26, 2003, by and between Maverick Gas Marketing, Ltd., as seller, and Reef Marketing, L.L.C., as buyer, as assigned by Reef Marketing, L.L.C. to the Partnership on or prior to the date hereof (collectively, the "Gas Contracts"). The Gas Contracts are in full force and effect and constitute all contracts necessary to meet gas throughput commitments made by the Partnership during the Impact Operating Period and contemplated in the Project.