Residue Return Sample Clauses

Residue Return. BUYER is currently operating a residue return delivery system (RRDS) which delivers Residue Gas to the leases shown in Exhibit “D” attached hereto and made a part hereto. In as much as BUYER, in its sole judgment, continues to operate the RRDS, then BUYER shall on a fully interruptible best efforts basis receive and redeliver Residue Gas for the development and operation of said leases, not to exceed an amount equal to the SELLER’S share of Residue Gas attributable to the Gas concurrently delivered to BUYER from said leases as determine in this Agreement. Any additional connection by SELLER to BUYER’S RRDS shall be at BUYER’S sole discretion and at a mutually agreeable point to both BUYER and SELLER. Utilization of said Residue Gas so returned by BUYER shall be a SELLER’S exclusive risk. BUYER shall deduct the volume of Residue Gas delivered into RRDS on behalf of SELLER from SELLER’s Residue Gas entitlement. In the event SELLER should take delivery of residue gas furnished by BUYER in excess of Residue Gas attributable to SELLER, then BUYER shall deduct the cost of such excess residue gas from the proceeds due SELLER for SELLER’S share of Plant Products. SELLER shall not use the Residue Gas returned to the leases for the purpose of gas lifting, pressure maintenance or cycling operations. BUYER may in its sole discretion discontinue any or all residue deliveries at any time. BUYER shall have the right to cease operating the RRDS at any time with at least thirty (30) Days prior written notice to SELLER.
Sample 1
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Related to Residue Return

  • Joint Returns In the case of any Tax Contest with respect to any Joint Return, Parent shall have the sole responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the applicable Taxing Authority and to control, resolve, settle, or agree to any deficiency, claim, or adjustment proposed, asserted, or assessed in connection with or as a result of such Tax Contest.

  • Separate Returns In the case of any Tax Contest with respect to any Separate Return, the Party having the liability for the Tax pursuant to Article II hereof shall have the sole responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the applicable Taxing Authority and to control, resolve, settle, or agree to any deficiency, claim, or adjustment proposed, asserted, or assessed in connection with or as a result of such Tax Contest.

  • Final Returns When no amounts are or thereafter may become payable by the Pledgor with respect to any Obligations (except for any potential liability under Section 2(d) of this Agreement), the Secured Party will Transfer to the Pledgor all Posted Credit Support and the Interest Amount, if any.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Corporation ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Corporation shall be entitled to receive all remaining assets of the Corporation (or proceeds thereof) according to their respective rights and preferences.

  • Distribution Taxes If any Parent Tax Proceeding relating to Distribution Taxes is reasonably likely to give rise to an indemnity obligation of the Acquiror as successor to SpinCo or the JV Group under Section 12 hereof, Acquiror and Parent shall exercise joint control over the disposition of such Parent Tax Proceeding (and, for the avoidance of doubt, shall keep each other informed of all material developments with respect to such Parent Tax Proceeding to the extent the other party is not otherwise informed thereof). Parent shall otherwise have the right to elect to control any Parent Tax Proceeding relating to Distribution Taxes; provided that Parent shall keep Acquiror informed of all material developments.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Preferred Return A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated. Property or Properties. The Company's partial or entire interest in real property (including leasehold interests) located outside the United States and personal or mixed property connected therewith. An investment which obligates the Company to acquire a Property will be treated as a Property for purposes of this Agreement. Property Management Fee. A fee for property management services rendered by the Advisor or its Affiliates in connection with assets of the Company acquired directly or through foreclosure.

  • Profits and Losses Distributions The Member shall treat all of the profits and losses of the Company as its own. All distributions shall be made to the Member at times and in amounts determined by the Member or the Board of Managers. The Company shall not make distributions to the Member if such distribution would violate Section 18-607 of the Act.

  • Consolidated Returns CAC, the Seller and the Issuer are members of an affiliated group within the meaning of Section 1504 of the Internal Revenue Code which will file a consolidated federal income tax return at all times until the termination of the Basic Documents.

  • Property Cash Flow Allocation (a) During any Cash Management Period, all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority:

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