RESERVE DEDICATION Sample Clauses

RESERVE DEDICATION. 2.1 In exchange for the provisions of Article XI as set forth in that certain Transportation Service Agreement dated _____________, ______ between HIOS and Xxxxxxx, and subject to the provisions of Section 2.4, Xxxxxxx hereby agrees to deliver Xxxxxxx's Gas into and transport Xxxxxxx's Gas through Transporter's pipeline facilities under a Transportation Agreement pursuant to Rate Schedules FT-1 or IT, between Shipper and Transporter for the producible life of the Committed Lease(s). (a) In the event Shipper should transfer or assign any or all of its rights, title
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RESERVE DEDICATION. 2.1 Subject to the provisions of Sections 2.3, 2.4 and 2.5 of this Agreement, Shipper hereby agrees to deliver into and transport through Transporter's Facility all natural gas produced by or for the account of Shipper from the Committed Field(s) for the economic life of the Committed Field(s). 2.2 In the event Shipper should transfer or assign any or all of its rights, title and/or interest in the Committed Field(s), Shipper agrees that any such transfer or assignment will be made subject to the terms of this Agreement, it being the intent of the parties hereto that the Committed Field(s) remain dedicated for purposes of transportation to Transporter's Facility for the economic life of the Committed Field(s). All of the provisions of this Agreement shall be applicable to assignees of Section 2.2 - (cont'd) Shipper's interests in the Committed Field(s) and such assignees shall receive a proportionate assignment of the rights and obligations hereunder with respect to the Committed Field(s) so assigned, to the extent that such assignee satisfies the requirements of Section 6.3 of Transporter's Rate Schedules FT-1, FT-2 or IT-1, as applicable. Upon such assignment, Shipper shall be relieved of its obligations under this Agreement to the extent, and only to the extent, so assigned to a third party. 2.3 From the obligations in Section 2.1, Shipper expressly reserves unto itself, its successors and assigns, the following rights and quantities of production sufficient to satisfy such rights: (a) The right to operate the Committed Field(s) free from any control by Transporter including, without limitation, the right (but never the obligation) to drill new xxxxx, to repair and rework old xxxxx, to plug and abandon any well and to renew, surrender, release or terminate any lease (in whole or in part) covering the affected lands; (b) The right to deliver production to lessors of leases on such lands in quantities sufficient to fulfill lease obligations from time to time, including the right to take royalty in kind; (c) The rights to use production for development and operations of such lands, including (but not limited to) the use of gas for fuel, drilling (including gas drilling), deepening, reworking, compressing, gas lifting, processing, treating, cycling, repressuring or other supplemental recovery operations; and (d) To process gas for the extraction of any components other than methane contained therein, except for such methane reasonably removed in such proces...
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RESERVE DEDICATION. 2.1 Subject to the provisions of Sections 2.3, 2.4 and 2.5 of this Agreement, Xxxxxxx xxxxxx agrees to deliver into and transport through Transporter's MP Facility, for the economic life of the Dedicated Lease(s), all MPS Excess Quantity (as defined in Rate Schedule FT-3 (MP) of Transporter's FERC Gas Tariff). 2.2 In the event Shipper should transfer or assign any or all
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RESERVE DEDICATION. 2.1 Subject to the provisions of Article V and this Article II, Shipper hereby agrees to deliver into and transport through Company's pipeline facilities under the FT-2 Service Agreement or under an interruptible transportation (IT) Service Agreement between Shipper and Company all natural gas produced by or for the account of Shipper, or any affiliate of Shipper which Shipper controls (as defined in Section 1.2(ii) above), from the Committed Lease(s) for the economic life of the Committed Lease(s). 2.2 The following described leases dedicated pursuant to Section 2.1 shall, at Shipper's option, be permanently released from dedication under this Agreement: (a) Leases which would be connected to deepwater laterals or deepwater hubs that would be connected to Company's pipeline and related facilities, but where the subject subsea topography prohibits the construction of such laterals or hubs to connect such leases to Company's pipeline because of the absence of commercially reasonable methods; (b) Leases which would be connected to deepwater laterals or deepwater hubs that would be connected to Company's pipeline and related facilities in which Shipper or its affiliate is unable to consent or obtain consent by the necessary interest holders (other than Shipper or its affiliate) to construct a line to connect to Company's pipeline for which Shipper or its affiliate has voted in favor, unless such voting would materially and adversely affect Shipper's or its affiliate's interest in such leases, and otherwise diligently supported; provided, however, that Company shall have the right to match (in a manner that keeps Shipper or its affiliate, as applicable, economically indifferent with respect to such connection and transportation) any offer to transport gas attributable to the interest of Shipper or its affiliate; (c) Leases from which the gas produced does not conform to the quality specifications set forth in Section 3 of the General Terms and Conditions of Company's FERC Gas Tariff and for which Company has not agreed to waive such specifications; and (d) Leases which have been relinquished or forfeited shall be deemed released on prompt notice from Shipper. (a) Subject to Section 2.3(b) and the other provisions of this Agreement, Shipper shall be entitled to transfer, assign, sell, exchange, farm out, or otherwise dispose of any of the Committed Lease(s) without the consent of Company. Shipper shall also be entitled to unitize any Committed Lease with one or...
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RESERVE DEDICATION. 2.1 Subject to the provisions of Sections 2.3, 2.4 and 2.5 of this Agreement, Shipper hereby agrees to deliver into and transport through Transporter's Facility all natural gas produced by or for the account of Shipper from the Committed Block(s) for the economic life of the Committed Block(s). 2.2 In the event Shipper should transfer or assign any or all of its rights, title and/or interest in the Committed Block(s), Shipper agrees that any such transfer or assignment will be made subject to the terms of this Agreement, it being the intent of the parties hereto that the Committed Block(s) remain dedicated for purposes of transportation to Transporter's Facility for the economic life of the Committed Block(s). All of the provisions of this Agreement shall be applicable to assignees of Shipper's interests in the Committed Block(s) and such assignees shall receive a proportionate assignment of the rights and obligations hereunder with respect to the Committed Block(s) so assigned, to the extent that such assignee
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RESERVE DEDICATION. 2.1 Subject to the provisions of Sections 2.4 and 2.5 below, Xxxxxxx hereby agrees to deliver into and transport through Sea Xxxxx's Pipeline System under a Service Agreement under Rate Schedule FTS-2, "FTS-2 Service Agreement," or under an ITS Service Agreement or FTS Service Agreement between Shipper and Sea Xxxxx all Natural Gas produced by or for the account of Shipper, or any affiliate of Shipper which Shipper controls (as defined in Section 1.2 above), from the Committed Lease(s) for the producible life of the Committed Lease(s). (a) Subject to Section 2.2(b) and the other provisions of this Agreement, Xxxxxxx shall be entitled to transfer, assign, sell, exchange, farmout, or otherwise dispose of any of the Committed Lease(s) without the consent of Sea Xxxxx. Shipper shall also be entitled to unitize any Committed Lease(s) with one or more additional OCS leases without the consent of Sea Xxxxx. In the event of such unitization, then (i) such unitization shall not be deemed a transfer or assignment of Xxxxxxx's interest for the purpose of this Service Agreement and (ii) only the gas production attributable to Xxxxxxx's interest in the unit shall be subject to the provisions of this Agreement. For purposes of this Section 2.2(a),
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RESERVE DEDICATION. 2. 1Subject to the provisions of Sections 2.3, 2.4 and 2.5 of this Agreement, Shipper hereby agrees to deliver into and transport through Transporter's Facility all natural gas produced by or for the account of Shipper from the Committed Block(s) for the economic life of the Committed Block(s). 2. 2In the event Shipper should transfer or assign any or all of its
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Related to RESERVE DEDICATION

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