Common use of Marketing and Sale of Hydrocarbons Clause in Contracts

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.

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(f6(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.

Marketing and Sale of Hydrocarbons. Company and Manager will provide all marketingmay determine, gas control from time to time, to allow Manager to market and contract administration services necessary or useful to sell the Hydrocarbons produced from the Properties on behalf of Company and its Subsidiaries and to collect such proceeds as the agent of Company and its Subsidiaries. In such event, Manager shall arrange for the marketing and sale of Hydrocarbons from the Properties and shall, among other things use commercially reasonable efforts to things, (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)above). Payment of such net proceeds to Company shall be made by Manager promptly (and in any event within 10 Business Days) as soon as practicable after revenues are received by Manager from the purchasers of Hydrocarbons and subsequently processed through Manager’s revenue allocation system.