Common use of Hydrocarbon Sales Clause in Contracts

Hydrocarbon Sales. Except as described on Schedule 6.01(k), Seller is not obligated by virtue of a production payment or any other arrangement, other than gas balancing arrangements, to deliver Hydrocarbons produced from the Assets at some future time without then or thereafter receiving payment for the production commensurate with Seller’s ownership in and to the Assets.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Gastar Exploration USA, Inc.), Purchase and Sale Agreement (Cubic Energy Inc)

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Hydrocarbon Sales. Except as described on Schedule 6.01(k6.01(j), Seller is not obligated by virtue of a production payment or any other arrangement, other than gas balancing arrangements, to deliver Hydrocarbons produced from the Assets at some future time without then or thereafter receiving payment for the production commensurate with Seller’s ownership in and to the Assets.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Gastar Exploration Inc.), Purchase and Sale Agreement (Cubic Energy Inc)

Hydrocarbon Sales. Except as described on noted in Schedule 6.01(k6.01(l), (i) such Seller is not obligated by virtue of: (A) a prepayment arrangement under any Contract for the sale of Hydrocarbons that contains a “take or pay” provision, (B) a production payment or any other arrangementpayment, other than gas balancing arrangements, to deliver Hydrocarbons produced from the Assets at some future time without then or thereafter receiving payment for the production commensurate with Seller’s ownership in and to the Assets.or

Appears in 1 contract

Samples: Purchase, Sale and Option Agreement

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Hydrocarbon Sales. Except as described on Schedule 6.01(k5.01(j), Seller is not obligated by virtue of a production payment or any other arrangement, other than gas balancing arrangements, to deliver Hydrocarbons produced from the Assets Properties at some future time without then or thereafter receiving payment for the production commensurate with Seller’s ownership in and to the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dune Energy Inc)

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