Hydrocarbon Sales and Purchase Agreements. (i) None of the Hydrocarbon Sales Agreements of Target or its Subsidiaries or Hydrocarbon Purchase Agreements of Target or its Subsidiaries has required, or will require as of or after the Closing Date, Target, a Subsidiary or Parent (i) to have sold or delivered, or to sell or deliver, Hydrocarbons for a price materially less than the market value price that would have been, or would be, received pursuant to any arm's-length contract with an unaffiliated third-party purchaser or (ii) to have purchased or received, or to purchase or receive, Hydrocarbons for a price materially greater than the market value price that would have been, or would be, paid pursuant to an arm's-length contract with an unaffiliated third-party seller;
Hydrocarbon Sales and Purchase Agreements. Except as set forth in the Parent SEC Reports:
Hydrocarbon Sales and Purchase Agreements. (i) None of the Hydrocarbon Agreements of the Company or its Subsidiaries has required since December 31, 1999, or will require as of or after the Effective Time, the Company or its Subsidiaries (A) to have sold or delivered, or to sell or deliver, Hydrocarbons for a price materially less than the market value price that would have been, or would be, received pursuant to any arm's-length contract for a term of one month with an unaffiliated third-party purchaser or (B) to have purchased or received, or to purchase or receive, Hydrocarbons for a price materially greater than the market value price that would have been, or would be, paid pursuant to an arm's-length contract for a term of one month with an unaffiliated third-party seller;
Hydrocarbon Sales and Purchase Agreements. As used herein, “Hydrocarbon Purchase Agreement” shall mean any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Chaparral or any Subsidiary is a buyer of Hydrocarbons for resale. As used herein, “Hydrocarbon Sales Agreement” shall mean any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Chaparral or any Subsidiary is a seller of Hydrocarbons.
Hydrocarbon Sales and Purchase Agreements. Except as would not have a Material Adverse Effect on GeoMet, each of the Hydrocarbon Agreements to which GeoMet or one of the GeoMet Subsidiaries is a party is valid, binding and in full force and effect, and no party is in material breach or default of any Hydrocarbon Agreement, and no event has occurred (including for this purpose, the execution of this Agreement or the consummation of the Merger) that with notice or lapse of time (or both) would constitute a material breach or default or permit termination, modification or acceleration under any Hydrocarbon Agreement.
Hydrocarbon Sales and Purchase Agreements. Except as otherwise disclosed in Section 3.26 of the Company Disclosure Schedule:
Hydrocarbon Sales and Purchase Agreements. Except as otherwise disclosed on Schedule 3.1(z) of the Midland Disclosure Schedule: (i) None of the Hydrocarbon Sales Agreements of Midland or Hydrocarbon Purchase Agreements of Midland has required since December 31, 1997, or will require as of or after the Closing Date, Midland or any of its Subsidiaries (A) to have sold or delivered, or to sell or deliver, Hydrocarbons for a price materially less than the market value price that would have been, or would be, received pursuant to any arm's-length contract for a term of one month with an unaffiliated third-party purchaser or (B) to have purchased or received, or to purchase or receive, Hydrocarbons for a price materially greater than the market value price that would have been, or would be, paid pursuant to an arm's-length contract for a term of one month with an unaffiliated third-party seller; (ii) Each of the Hydrocarbon Agreements of Midland is valid, binding, and in full force and effect, and no party is in material breach or default of any Hydrocarbon Agreement of Midland, and to the knowledge of Midland, no event has occurred that with notice or lapse of time (or both) would constitute a material breach or default or permit termination, modification, or acceleration under any Hydrocarbon Agreement of Midland; (iii) There have been no claims from any third party for any price reduction or increase or volume reduction or increase under any of the Hydrocarbon Agreements of Midland, and none of Midland or any of its Subsidiaries has made any claims for any price reduction or increase or volume reduction or increase under any of the Hydrocarbon Agreements of Midland; (iv) Payments for Hydrocarbons sold pursuant to each Hydrocarbon Sales Agreement of Midland have been made (subject to adjustment in accordance with such Hydrocarbon Sales
Hydrocarbon Sales and Purchase Agreements. Except as otherwise disclosed on Schedule 3.2(z) of the Vista Disclosure Schedule: (i) None of the Hydrocarbon Sales Agreements of Vista or Hydrocarbon Purchase Agreements of Vista has required since December 31, 1997, or will require as of or after the Closing Date, Vista or Vista Sub (A) to have sold or delivered, or to sell or deliver, Hydrocarbons for a price materially less than the market value price that would have been, or would be, received pursuant to any arm's-length contract for a term of one month with an unaffiliated third-party purchaser or (B) to have purchased or received, or to purchase or receive, Hydrocarbons for a price materially greater than the market value price that would have been, or would be, paid pursuant to an arm's-length contract for a term of one month with an unaffiliated third-party seller; (ii) Each of the Hydrocarbon Agreements of Vista is valid, binding, and in full force and effect, and no party is in material breach or default of any Hydrocarbon Agreement of Vista, and to the knowledge of Vista, no event has occurred that with notice or lapse of time (or both) would constitute a material breach or default or permit termination, modification, or acceleration under any Hydrocarbon Agreement of Vista;
Hydrocarbon Sales and Purchase Agreements. The DISCLOSURE SCHEDULE contains a complete list of the Hydrocarbon Agreements to which any of the Tide West Companies is a party involving total value or consideration in excess of $500,000. Except as otherwise set forth in the DISCLOSURE SCHEDULE, to the knowledge of Tide West, each of the Hydrocarbon Agreements is valid, binding and in full force and effect, and no party is in material breach or default of any Hydrocarbon Agreement, and no event has occurred that with notice or lapse of time (or both) would constitute a material breach or default or permit termination, modification or acceleration under any Hydrocarbon Agreement.
Hydrocarbon Sales and Purchase Agreements. Section 2.1(s) of the Carrollton Disclosure Letter contains a complete list of the Hydrocarbon Agreements to which either Carrollton or the Carrollton Subsidiary is a party. Except as otherwise set forth in Section 2.1(s) of the Carrollton Disclosure Letter, each of the Hydrocarbon Agreements is valid, binding and in full force and effect, and no party is in material breach or default of any Hydrocarbon Agreement, and no event has occurred (including for this purpose, the execution of this Agreement or the consummation of the Merger) that with notice or lapse of time (or both) would constitute a material breach or default or permit termination, modification or acceleration under any Hydrocarbon Agreement.
