Common use of LMM’s Clause in Contracts

LMM’s. Option to Receive Shipper’s Subsequently Acquired Interest in Gas from Existing and Future Xxxxx in the Area of Interest. If after the Effective Date Shipper acquires any right, title or interest in Gas that is being produced, or is to be produced, from any existing or future well in the Area of Interest, Shipper shall give LMM written notice identifying: Shipper’s right, title or interest in such Gas (“Subsequently Acquired Gas”); the name of the well; the location of the well; the well’s historical production or estimated future production; whether the well will require connection to the Gathering System in order for LMM to receive the Subsequently Acquired Gas; and whether the Subsequently Acquired Gas was acquired by Shipper subject to previously existing dedication (and if so provide LMM a copy of the agreement identifying the person or entity to whom it is dedicated and the remaining primary term of such previously existing dedication). Each Shipper covenants that it will not request or solicit any potential seller of any interest in Gas to create any dedication of the Gas prior to Shipper’s acquisition.