Common use of Products and Line Fill Clause in Contracts

Products and Line Fill. Seller shall measure all Hydrocarbons, plant products and residue gas associated with the Properties and stored in tanks and vessels to the bottom of the applicable flange as of the Effective Time. Seller shall determine the Line Fill, if any, as of the Effective Time. Seller shall be entitled to the proceeds of such Hydrocarbons, helium and other inerts, plant products and residue gas produced or attributable to the Properties and saved for any period prior to the Effective Time, and shall be entitled to the Line Fill, if any, as of the Effective Time, all at the prices set forth in Schedule 6.1; provided, however, that all of the foregoing shall be less any applicable production tax, severance tax or similar Tax or other applicable deductions. Unless the actual amounts are readily available to Seller reasonably in advance of Closing, the estimated amounts to which Seller is entitled shall be included in the calculation of the Closing Purchase Price and shall be incorporated into the Preliminary Settlement Statement. The actual amounts to which Seller is entitled (to the extent the same differ from the estimate included in the Preliminary Settlement Statement) shall be accounted for in the Final Settlement Statement if they were not accounted for in the Preliminary Settlement Statement. Buyer shall be entitled to the proceeds of Hydrocarbons, helium and other inerts, plant products and residue gas produced or attributable to the Properties and saved for any period after the Effective Time.

Products and Line Fill. Seller (or the operator of the Properties) shall measure all Hydrocarbons, plant products and residue gas Hydrocarbons associated with the Properties and stored in tanks and vessels to the bottom of the applicable flange as of the Effective Time. Seller (or the operator of the Properties) shall determine the Line Fill, if any, as of the Effective Time. Seller shall be entitled to an amount with respect to (a) the proceeds of such Hydrocarbons, helium and other inerts, plant products and residue gas Hydrocarbons produced or attributable to the Properties and saved for any period prior to the Effective Time and stored in such tanks and vessels as of the Effective Time, and shall be entitled to (b) the Line Fill, if any, as of the Effective Time, all in each case, valued at the prices set forth in Schedule 6.1; provided, however, that all a price of the foregoing shall be less any applicable production tax, severance tax or similar Tax or other applicable deductions$75.00 per barrel of oil and $2.00 per MMBtu of natural gas. Unless the actual amounts are readily available to Seller reasonably in advance of Closing, the estimated amounts to which Seller is entitled entitled, as estimated in good faith by Seller and agreed to by Purchaser, shall be included in the calculation of the Closing Purchase Price and shall be incorporated into the Preliminary Settlement Statement. The actual amounts to which Seller is entitled (to the extent the same differ from the estimate included in the Preliminary Settlement Statement) shall be accounted for in the Final Settlement Statement Statement, if they were not accounted for in the Preliminary Settlement Statement. Buyer Upon Closing, Purchaser shall be entitled to (i) the proceeds Hydrocarbons produced or attributable to the Properties and stored in such tanks and vessels as of Hydrocarbonsthe Effective Time, helium and other inerts, plant products and residue gas (ii) the Hydrocarbons produced or attributable to the Properties and saved for any period after the Effective Time, and (iii) the Line Fill.

Products and Line Fill. Seller (or the operator of the Properties) shall measure all Hydrocarbons, plant products and residue gas Hydrocarbons associated with the Properties and stored in tanks and vessels to the bottom of the applicable flange as of the Effective Time. Seller shall determine the Line Fill, if any, as of the Effective Time. Seller shall be entitled to the proceeds of such Hydrocarbons, helium and other inerts, plant products and residue gas produced or attributable to the Properties and saved for any period prior to the Effective Time, and shall be entitled to the Line Fill, if any, as of the Effective Time, all at the prices set forth in Schedule 6.1; provided, however, that all of the foregoing shall be less any applicable production tax, severance tax or similar Tax or other applicable deductions. Unless the actual amounts are readily available to Seller reasonably in advance of Closing, the estimated amounts to which Seller is entitled shall be included in the calculation of the Closing Purchase Price and shall be incorporated into the Preliminary Settlement Statement. The actual amounts to which Seller is entitled (to the extent the same differ from the estimate included in the Preliminary Settlement Statement) shall be accounted for in the Final Settlement Statement Statement, if they were not accounted for in the Preliminary Settlement Statement. Buyer Purchaser shall be entitled to the proceeds of Hydrocarbons, helium and other inerts, plant products and residue gas produced or attributable to the Properties and saved for any period after the Effective Time.

Products and Line Fill. Seller shall measure all Hydrocarbons, plant products Plant Products and residue gas Residue Gas associated with the Properties Purchased Assets and stored in tanks and vessels to the bottom of the applicable flange as of the Effective Time. , and Seller shall determine the Line Fill, if any, Fill as of the Effective Time. Seller shall be entitled to the proceeds of such Hydrocarbons, helium and other inerts, plant products Plant Products and residue gas Residue Gas produced or attributable to the Properties Purchased Assets and saved for any period prior to the Effective Time, and shall be entitled to the Line Fill, if any, Fill as of the Effective Time, all at the prices set forth in Schedule 6.1; provided, however, that all of the foregoing shall be less any applicable production tax, severance tax or similar Tax or other applicable deductions. Unless the actual amounts are readily available to Seller reasonably in advance of Closing, the estimated amounts to which Seller is entitled shall be included in the calculation of the Closing Purchase Price and shall be incorporated into the Preliminary Settlement Statement. The actual amounts to which Seller is entitled (to the extent the same differ from the estimate included in the Preliminary Settlement Statement) shall be accounted for in the Final Settlement Statement if they were not accounted for in the Preliminary Settlement Statement. Buyer Purchaser shall be entitled to the proceeds of Hydrocarbons, helium and other inerts, plant products Plant Products and residue gas Residue Gas produced or attributable to the Properties Purchased Assets and saved for any period after the Effective Time.