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Common use of Residue Gas Clause in Contracts

Residue Gas. Company shall deliver to Supplier, in-kind at the Plant tailgate, (**)% of Supplier’s allocated share of Residue Gas (“Supplier’s Residue Gas Percentage”). Should Supplier elect to exercise its option for a Renewal Term, as provided for in Section 4 below, during the Renewal Term such Supplier’s Residue Gas Percentage shall be (**) percent (**)%.

Appears in 2 contracts

Samples: Gas Gathering and Purchase Agreement (Targa Resources Partners LP), Gas Gathering and Purchase Agreement (Targa Resources Partners LP)

Residue Gas. Company shall deliver pay to Supplier, in-kind at Supplier the Plant tailgate, Proceeds attributable to the sale of (**)% of Supplier’s allocated share of Residue Gas (“Supplier’s Residue Gas Percentage”). Should Supplier elect to exercise its option for a Renewal Term, as provided for in Section 4 below, during the Renewal Term such Supplier’s Residue Gas Percentage shall be (**) percent (**)%.

Appears in 2 contracts

Samples: Gas Gathering and Purchase Agreement (Targa Resources Partners LP), Gas Gathering and Purchase Agreement (Targa Resources Partners LP)