Common use of Recovery Period Clause in Contracts

Recovery Period. (i) If at the end of the Term there is any Make Up Gas remaining that has not been taken by Buyer during the Term, this Agreement shall be extended for the Recovery Period to allow Make Up Gas to be taken at a daily rate of up to the DCQ in effect immediately prior to the end of the Term, provided that there shall be no Recovery Period if this Agreement is terminated by Sellers pursuant to Clauses 15(f)(ii), 19 or 25. Buyer shall have no further rights to take Gas during the Recovery Period after it has taken such remaining Make Up Gas, and after such remaining Make Up Gas has been delivered, the Recovery Period shall be deemed to have expired.

Appears in 10 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement

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Recovery Period. (i) If at the end of the Term there is any Make Up Gas remaining that has not been taken by Buyer during the Term, this Agreement shall be extended for the Recovery Period to allow Make Up Gas to be taken at a daily rate of up to the DCQ in effect immediately prior to the end of the Term, provided that there shall be no Recovery Period if this Agreement is terminated by Sellers Seller pursuant to Clauses 15(f)(ii14(f)(ii), 19 18 or 2523. Buyer shall have no further rights to take Gas during the Recovery Period after it has taken such remaining Make Up Gas, and after such remaining Make Up Gas has been delivered, the Recovery Period shall be deemed to have expired.

Appears in 5 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement

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