Common use of Rights to Production Clause in Contracts

Rights to Production. Except with respect to Imbalances, or as set forth in Schedule 5.1(l), or to the extent arising under a Contract identified in Schedule 1.1(a)(vi), no person has any call upon, right to purchase, option to purchase or similar rights with respect to any portion of the Sale Hydrocarbons from and after the Closing that is not terminable on 30 days’ or less notice, without penalty or liability to Seller (or Buyer, after Closing) in connection therewith.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Rosetta Resources Inc.), Purchase and Sale Agreement (Comstock Resources Inc)

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Rights to Production. Except with respect to Imbalances, or as set forth in Schedule 5.1(l5.1(i), or to the extent arising under a Contract identified in Schedule 1.1(a)(vi), no person has any call upon, right to purchase, option to purchase or similar rights with respect to any portion of the Sale Hydrocarbons from and after as of the Closing Effective Date that is not terminable on 30 days’ days or less notice, without penalty or liability to Seller (or Buyer, after Closing) in connection therewith.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Dune Energy Inc)

Rights to Production. Except with respect to Imbalances, or as set forth in Schedule 5.1(l5.1(j), or to the extent arising under a Contract identified in Schedule 1.1(a)(vi), no person has any call upon, right to purchase, option to purchase or similar rights with respect to any portion of the Sale Hydrocarbons from and after the Closing that is not terminable on 30 days’ days or less notice, without penalty or liability to Seller (or Buyer, after Closing) in connection therewith.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Constellation Energy Partners LLC), Purchase and Sale Agreement (Constellation Energy Partners LLC)

Rights to Production. Except with respect to Imbalances, or as set forth in Schedule 5.1(l)6.16, or except with respect to the extent arising under a Contract identified in Schedule 1.1(a)(vi)imbalances, to Seller’s Knowledge, no person Person has any call upon, right to purchase, option to purchase or similar rights with respect to any portion of the Sale Hydrocarbons produced from the Assets from and after the Closing Effective Time that is not terminable on 30 days’ or less notice, without penalty or liability to Seller upon ninety (90) days (or Buyer, after Closingless) in connection therewithnotice.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

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Rights to Production. Except with respect to Imbalances, or as set forth in Schedule 5.1(l)6.16, or except with respect to the extent arising under a Contract identified in Schedule 1.1(a)(vi)imbalances, no person Person has any call upon, right to purchase, option to purchase or similar rights with respect to any portion of the Sale Hydrocarbons produced from the Assets from and after the Closing Effective Time that is not terminable on 30 days’ or less notice, without penalty or liability to Seller upon thirty (30) days (or Buyer, after Closingless) in connection therewithnotice.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

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