Marketing and Sale of Hydrocarbons Sample Clauses

Marketing and Sale of Hydrocarbons. Manager will provide all marketing, gas control and contract administration services necessary or useful to sell the Hydrocarbons produced from the Properties on behalf of Company and its Subsidiaries and collect such proceeds as the agent of Company and its Subsidiaries. Manager shall arrange for the marketing and sale of Hydrocarbons from the Properties and shall, among other things use commercially reasonable efforts to (i) collect all production funds from the purchasers of such Hydrocarbons, (ii) arrange for the timely payment of severance taxes to any Governmental Authorities, (iii) make timely payment to royalty owners and third party working interest owners, (iv) pay all required third party marketing fees and (v) remit to Company and its Subsidiaries their respective net proceeds from the sale of Hydrocarbons after making all necessary or appropriate allocations and distributions in connection with the receipt of such proceeds (including those payments referred to in clauses (ii), (iii) and (iv) above and as contemplated by Section 5(f)). Payment of such net proceeds to Company shall be made by Manager promptly (and in any event within 10 Business Days) after revenues are received by Manager from the purchasers of Hydrocarbons and subsequently processed through Manager’s revenue allocation system.
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Marketing and Sale of Hydrocarbons. Manager will perform the services necessary to market and sell the Hydrocarbons produced from the Properties on behalf of Partnership and its Subsidiaries and to collect such proceeds under the Marketing Agreement as the agent of Partnership and its Subsidiaries in accordance with the Marketing Agreement. Manager shall cause all proceeds received under the Marketing Agreement to be deposited in the Partnership Account.
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Related to Marketing and Sale of Hydrocarbons

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