Quality Bank Payments Clause Samples

Quality Bank Payments. With respect to any monetary adjustments due the Magnolia Owners or the Producer pursuant to Article 7.3 (Quality Bank) of this Agreement, each of the Magnolia Owners or Producer, as applicable, will be responsible for any payments invoiced by the Magnolia TLP Operator. Article 7.3 (Quality Bank) of this Agreement will be interpreted to apply to the Producer or each of the Magnolia Owners, individually with respect to invoices and payments pursuant to Article 7.3 (Quality Bank).