Common use of Processing Payment—PCL Gas Clause in Contracts

Processing Payment—PCL Gas. The parties acknowledge that it may be necessary to structure processing arrangements other than as set forth in Section 4.1 to attract rich gas supplies to the KMTP Line and the Plant. A Process Confirmation Letter ("PCL") in substantially the form of Exhibit B hereto shall set forth the terms for processing such Gas, referred to herein as PCL Gas, as mutually agreed upon by COPANO and KMTP. The PCL shall set forth the procedure for determining the Products and PTR attributable to the PCL Gas. In the absence of entry by the parties into a PCL, the terms contained in the body of this contract shall control regard to all processing carried out pursuant hereto.

Processing Payment—PCL Gas. The parties acknowledge that it may be necessary to structure alternate processing arrangements other than as set forth in Section 4.1 to attract rich gas supplies to the KMTP Line and the Plant. A Process Confirmation Letter ("“PCL"”) in substantially the form of Exhibit B hereto shall set forth the terms for processing such Gas, referred to herein as PCL Gas, as mutually agreed upon by COPANO and KMTP. The PCL shall set forth the procedure for determining the Products and PTR attributable to the PCL Gas. In the absence of entry by the parties into a PCL, the terms contained in the body of this contract shall control in regard to all processing carried out pursuant hereto.