Common use of GAS UNDERPRODUCTION Clause in Contracts

GAS UNDERPRODUCTION. In the event Seller is underproduced as to any xxxxx located on the Lands or if any amounts are owed Seller with respect to any pipeline, transportation or processing imbalances, Buyer agrees not to hold Seller liable for such underproduction or such amounts. Seller, however, agrees to assign to Buyer all of its contractual rights to make up such underproduction, and to recover all amounts owed.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Kansas City Power & Light Co), Purchase and Sale Agreement (Evergreen Resources Inc)

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GAS UNDERPRODUCTION. In the event Seller is underproduced as to any xxxxx located on the Lands or if any amounts are owed Seller with respect to any pipeline, transportation or processing imbalances, Buyer agrees (except as provided in Section 3.2(b)) not to hold Seller liable for such underproduction or such amounts. SellerXxxxxx, however, agrees to assign to Buyer all of its contractual rights to make up such underproduction, and to recover all amounts owed.

Appears in 1 contract

Samples: Joint Venture Agreement (Sheridan Energy Inc)

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GAS UNDERPRODUCTION. In the event Seller is underproduced as to any xxxxx located on the Lands or if any amounts are owed Seller with respect to any pipeline, transportation or processing imbalances, Buyer agrees (except as provided in Section 3.2(b)) not to hold Seller liable for such underproduction or such amounts. Seller, however, agrees to assign to Buyer all of its contractual rights to make up such underproduction, and to recover all amounts owed.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sheridan Energy Inc)

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