Gas Gathering. The Managing General Partner, not acting as a Partner, shall be responsible for gathering and transporting the natural gas produced by the Partnership to interstate pipeline systems, local distribution companies, and/or end-users in the area (the “gathering services”). In providing the gathering services, the Managing General Partner may use the gathering system owned by Atlas Pipeline Partners, as described in the Prospectus, and gathering systems owned by independent third-parties and/or Affiliates of Atlas America other than Atlas Pipeline Partners. The Partnership shall pay a gathering fee directly to the Managing General Partner at competitive rates for the gathering services. The gathering fee paid by the Partnership to the Managing General Partner may be increased from time-to-time by the Managing General Partner, in its sole discretion, but may not increase beyond competitive rates as determined by the Managing General Partner. Currently, the Managing General Partner has determined that the competitive rate is an amount equal to 13% of the gross sales price received by the Partnership for its natural gas in each of its primary or secondary areas as described in the Prospectus. Gross sales price means the price that is actually received, adjusted to take into account proceeds received or payments made pursuant to hedging arrangements. The payment of a competitive fee to the Managing General Partner for its gathering services shall be subject to the following conditions:
Appears in 2 contracts
Samples: Limited Partnership Agreement (Atlas Resources Public #16-2007 (A) L.P.), Limited Partnership Agreement (Atlas Resources Public #17-2008 (B) L.P.)
Gas Gathering. The Managing General Partner, not acting as a Partner, shall be responsible for gathering and transporting the natural gas produced by the Partnership to interstate pipeline systems, local distribution companies, and/or end-users in the area (the “gathering services”). In providing the gathering services, the Managing General Partner may use the gathering system owned by Atlas Pipeline Partners, Partners as described required in the Prospectus, and gathering systems owned by independent third-parties and/or Affiliates of Atlas America other than Atlas Pipeline Partners. The Partnership shall pay a gathering fee directly to the Managing General Partner at competitive rates for the gathering services. The gathering fee paid by the Partnership to the Managing General Partner may be increased from time-to-time by the Managing General Partner, in its sole discretion, but may not increase beyond competitive rates as determined by the Managing General Partner. Currently, the Managing General Partner has determined that the competitive rate is an amount equal to 1310% of the gross sales price received by the Partnership for its natural gas in each of its primary or secondary areas as described in the Prospectus. Gross sales price means the price that is actually received, adjusted to take into account proceeds received or payments made pursuant to hedging arrangements. The payment of a competitive fee to the Managing General Partner for its gathering services shall be subject to the following conditions:
Appears in 1 contract
Samples: Limited Partnership Agreement (Atlas America Public #15-2005 (B) L.P.)
Gas Gathering. The Managing General Partner, not acting as a Partner, shall be responsible for gathering and transporting the natural gas produced by the Partnership to interstate pipeline systems, local distribution companies, and/or end-users in the area (the “gathering services”). In providing the gathering services, the Managing General Partner may use the gathering system owned by Atlas Pipeline Partners, as described in the ProspectusPrivate Placement Memorandum, and gathering systems owned by independent third-parties and/or Affiliates of Atlas America other than Atlas Pipeline Partners. The Partnership shall pay a gathering fee directly to the Managing General Partner at competitive rates for the gathering services. The gathering fee paid by the Partnership to the Managing General Partner may be increased from time-to-time to time by the Managing General Partner, in its sole discretion, but may not increase beyond competitive rates as determined by the Managing General Partner. Currently, the Managing General Partner has determined that the competitive rate is an amount equal to 1310% of the gross sales price received by the Partnership for its natural gas in each of its primary or secondary areas as described in the ProspectusPrivate Placement Memorandum. Gross sales price means the price that is actually received, adjusted to take into account proceeds received or payments made pursuant to hedging arrangements. The payment of a competitive fee to the Managing General Partner for its gathering services shall be subject to the following conditions:
Appears in 1 contract
Samples: Limited Partnership Agreement (Atlas America Series 27-2006 LP)