Prepaid Obligations Clause Samples

Prepaid Obligations. The Company is not subject to any “take or pay” arrangement, production payment arrangement, or other agreement or arrangement which require it to deliver or to suffer the delivery of Hydrocarbons produced in connection with the W▇▇▇▇ or the Assets at some future time (or make a cash payment in lieu thereof) without then or thereafter receiving full payment therefor and without deduction or credit on account of such arrangement from the price that would otherwise be received.

Prepaid Obligations. The Partnership is not obligated by virtue of a prepayment, gas balancing, or other arrangement under any contract to make any production payment or to deliver Petroleum Substances produced from the Assets to any Third Party at some future time without receiving in due course (and being entitled to retain) full payment therefore at current market prices or contract prices; [***]

Prepaid Obligations. Seller shall be entitled to a credit for the unearned portion of any prepaid obligation of Seller which Buyer may elect to assume.

Prepaid Obligations. Except as set forth on Schedule 5(p), neither the Company nor its Subsidiaries are subject to any “take or pay” arrangement, production payment arrangement, or other agreement or arrangement which require it to deliver or to suffer the delivery of Hydrocarbons produced in connection with any of the Company Operating Interests at some future time (or make a cash payment in lieu thereof) without then or thereafter receiving full payment therefor and without deduction or credit on account of such arrangement from the price that would otherwise be received.

Prepaid Obligations. Except as set forth on Schedule 6(o), the Partnership Entities are not subject to any “take or pay” arrangement, production payment arrangement, or other agreement or arrangement which requires it to deliver or to suffer the delivery of Hydrocarbons produced in connection with any of the Partnership Operating Interests at some future time (or make a cash payment in lieu thereof) without then or thereafter receiving full payment therefor and without deduction or credit on account of such arrangement from the price that would otherwise be received.