Gas Sale Contract Sample Clauses

Gas Sale Contract. Seagull will not assign, pledge, mortgage or otherwise hypothecate, or permit the assignment, pledge, mortgage or hypothecation of, any of its right, title or interest in, to or under the Gas Sale Contract. Seagull will at all times perform and observe all the convenants, agreements, terms, conditions and limitations applicable to it contained in the Gas Sale Contract and will do all things necessary to keep unimpaired all its rights under the Gas Sale Contract and to prevent any default thereunder or any forfeiture or impairment thereof; and, without limitation, Seagull, subject to delays resulting from disputes in good faith and to adverse claims of independent third parties, will promptly make the payments to the Company specified in the Gas Sale Contract, provided however, that nothing contained in this Section 5.8 will permit a delay in the prompt payment by Seagull of any Shortfall Amounts pursuant to the Gas Sale Contract. Seagull will not amend, modify, supplement, surrender, cancel, terminate or replace or in any way waive any covenant, agreement, term, condition or limitation of the Gas Sale Contract, except that Seagull may amend, modify or supplement the Gas Sale Contract if such amendment, modification or supplement does not contravene the provisions of Article IV or Article V of the Gas Sale Contract and if, in the good faith judgment of Seagull, such amendment, modification or supplement is desirable in, or will not have a material adverse effect on, the business of the Division and will not be in any way prejudicial to the holders of the Notes.
Sample 1
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Related to Gas Sale Contract

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