Common use of Rights and Obligations of Sellers Clause in Contracts

Rights and Obligations of Sellers. (a) The rights of each Seller under this Agreement shall be several (and not joint or joint and several). Sellers’ rights to receive payment in respect of Gas delivered to Buyer and in respect of Buyer’s obligations to pay for Gas not taken (including payment of the Quarterly Deficiency Payment) shall be in accordance with their respective Participating Interests. (b) The obligations, responsibilities and liabilities of each Seller under this Agreement shall be several (and not joint or joint and several). Such obligations and liabilities in respect of Gas delivered under this Agreement (including in respect of Gas not meeting the specifications) shall be in accordance with their respective Participating Interests.

Appears in 8 contracts

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

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Rights and Obligations of Sellers. (a) The rights of each Seller under this Agreement shall be several (and not joint or joint and several). Sellers’ rights to receive payment in respect of Gas delivered to Buyer and in respect of Buyer’s obligations to pay for Gas not taken (including payment of the Quarterly Monthly Deficiency Payment) shall be in accordance with their respective Participating Interests. (b) The obligations, responsibilities and liabilities of each Seller under this Agreement shall be several (and not joint or joint and several). Such obligations and liabilities in respect of Gas delivered under this Agreement (including in respect of Gas not meeting the specifications) shall be in accordance with their respective Participating Interests.

Appears in 1 contract

Samples: Gas Sale and Purchase Agreement

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Rights and Obligations of Sellers. (a) The rights of each Seller under this Agreement shall be several (and not joint or joint and several). Sellers’ rights to receive payment in respect of Gas delivered to Buyer and in respect of BuyerXxxxx’s obligations to pay for Gas not taken (including payment of the Quarterly Deficiency Payment) shall be in accordance with their respective Participating Interests. (b) The obligations, responsibilities and liabilities of each Seller under this Agreement shall be several (and not joint or joint and several). Such obligations and liabilities in respect of Gas delivered under this Agreement (including in respect of Gas not meeting the specifications) shall be in accordance with their respective Participating Interests.

Appears in 1 contract

Samples: Gas Sale and Purchase Agreement

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