Sale and Purchase of Natural Gas Sample Clauses

Sale and Purchase of Natural Gas. (a) Beginning on the Delivery Start Date, and thereafter throughout the Term of this Agreement, except during a Scheduled Maintenance Outage or an Unscheduled Maintenance Outage or to the extent excused under the provisions of Article XIII, Seller agrees to sell and deliver at the Delivery Point, and Purchaser agrees to purchase and receive at the Delivery Point, all Scheduled Gas in accordance with the terms of this Agreement. Sales and purchases of the Baseload Gas and Make-Up Gas will be on a Firm basis and sales and purchases of the Additional Gas will be on an Interruptible basis unless and until the Additional Gas is nominated for delivery as provided in Section 6.4 at which time, the Additional Quantity will become Scheduled Gas deliverable on a Firm basis. (b) If in respect of any Contract Year there is Make-Up Gas, Seller shall sell and deliver at the Delivery Point, and Purchaser shall purchase and receive at the Delivery Point, such Make-Up Gas during the remainder of the Delivery Term; provided that, (i) on any Day during the Delivery Term, the sum of the quantity of Make-Up Gas and Baseload Gas that Purchaser shall be obligated to purchase and receive on such Day shall not exceed the Baseload Quantity, and (ii) for any such Day, (A) Seller may make available an additional quantity of up to 3,000 MMBtu of Make-Up Gas, such that the sum of the quantity of Baseload Gas and Make-Up Gas made available for such Day is greater than the Baseload Quantity but not greater than the Maximum Daily Quantity, (B) Purchaser shall have the option, exercisable at Purchaser’s sole election, upon notice as provided in Section 6.2 or Section 6.3, as applicable, to purchase and receive on such Day all or any portion of such additional quantity of Make-Up Gas, and (C) to the extent Purchaser elects not to purchase and receive on such Day all of such additional quantity of Make-Up Gas made available by Seller for such Day, the amount of the outstanding quantity of Make-Up Gas shall be reduced by the positive difference between (x) the additional quantity of Make-Up Gas made available by Seller for such Day (not to exceed 3,000 MMBtu) and (y) the portion of such additional quantity of Make-Up Gas (which may be none) that Purchaser elected to purchase and receive on such Day. If at the end of the Delivery Term there is Make-Up Gas, the Delivery Term shall, automatically and without further action, be deemed extended beyond the end of the Term for a period of up to an a...
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Sale and Purchase of Natural Gas. On or before June 29 December ___, 2000, the Purchaser and the Seller shall agree upon and execute a Confirmation Letter and agree upon the schedule to the Initial Surety Bond providing for the periodic reductions to the maximum penal sum thereunder. The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $650,000,000) $500,000,000), the date on which the Prepaid Price shall be paid (which shall not be later than June 29 December __, 2000), and for each Delivery Month, the Delivery Points, the Required Delivery Quantity, and the amount thereof to be delivered and received at each such Delivery Point, each as mutually agreed by the Purchaser and the Seller. On the date specified for such purpose in the Confirmation Letter, the Purchaser shall pay to the Seller the Prepaid Price by wire transfer of immediately available funds to the Seller's account No. 3750494727 at Bank of America - Dallas, A.B.A. No. 000000000, provided that the conditions precedent set out in Annex 1 have been satisfied by the Seller and no Event of Default or Event of Change shall have occurred. Prior to the execution and delivery of the Confirmation Letter, the Purchaser shall cause the condition precedent set out on Annex 2 to be satisfied. In consideration of the payment to the Seller of the Prepaid Price, the Seller hereby agrees to sell and deliver, or cause to be delivered to the Purchaser or to the account of the Purchaser, in each Delivery Month, at the Delivery Points, the Required Delivery Quantity of Natural Gas (in the amounts set forth in the Confirma­tion Letter) on the terms and conditions set forth in this Agreement, and the Purchaser hereby agrees to accept delivery of such Natural Gas. Payment of the Prepaid Price shall constitute payment in full of the purchase price of the Natural Gas to be delivered hereunder.
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Sale and Purchase of Natural Gas. Seller hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Seller the Required Delivery Quantity of Natural Gas for each Delivery Month during the term of this Agreement at the price designated herein. On or before December 17, 1999, Purchaser and Seller shall agree upon and execute a Confirmation Letter. The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $105,000,000 in the aggregate for A-1 Volumes), the date on which the Prepaid Price shall be paid (which date shall not be later than December 17, 1999), and for each Delivery Month, the Delivery Points, the Required Delivery Quantity, and the amount thereof to be delivered and received at the Delivery Points, each as mutually agreed by Purchaser and Seller. On the date specified for such purpose in the Confirmation Letter, Purchaser shall pay to Seller the Prepaid Price by wire transfer of immediately available funds to an account designated by Seller, provided that the conditions precedent set out in Annex I have been satisfied by Seller and no Event of Default shall have occurred. In consideration of the payment to Seller of the Prepaid Price, Seller hereby agrees to sell and deliver, or cause to be delivered to the Purchaser or to the account of Purchaser, in each Delivery Month, at the Delivery Points, the Required Delivery Quantity of Natural Gas (in the amounts set forth in the Confirmation Letter) on and subject to the terms and conditions set forth in this Agreement, and the Purchaser hereby agrees to accept delivery of such Natural Gas and to fulfill the conditions precedent set forth on Annex II. Payment of the Prepaid Price shall constitute payment in full of the purchase price of the Natural Gas to be delivered hereunder.
Sample 1
Sale and Purchase of Natural Gas. Gas South will provide natural gas service to Locations on a monthly variable rate at Gas South’s then-current Residential published Variable Price Option. You agree to purchase and pay for all of Your natural gas requirements for all Location(s) in accordance with the Terms and Conditions. Please check your preferred billing method below:
Sample 1
Sale and Purchase of Natural Gas. (a) On or before September 30, 1997, Purchaser and Seller shall agree upon and execute a letter described in this Section 2.01 (such letter being the "Confirmation Letter"). The Confirmation Letter shall specify a mutually acceptable Prepaid Price (which shall be approximately U.S. $35,000,000), the date or dates on which the Prepaid Price shall be paid, and for each Delivery Month, the Required Delivery Quantity, and the proportion thereof to be delivered and received at each
Sample 1
Sale and Purchase of Natural Gas 
Sample 1

Related to Sale and Purchase of Natural Gas

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Sale and Purchase of the Assets 1.1 Acquired Assets Subject to the terms and conditions of this Agreement, Seller agrees to sell, convey and deliver to Xxxxx and Xxxxx agrees to purchase and acquire from Seller the assets set forth below (the “Assets”) owned by Seller as of 7:00 a.m., Central Daylight Time, on the Closing Date set forth below: (a) All of Seller’s right, title and interest in all oil and gas leases, including but not limited to those described in Exhibit A-1 attached hereto (the “Leases”), covering the land and depths described in Exhibit A-1 (the “Land”), together with all the property and rights incident thereto, including without limitation Seller’s rights in, to and under all operating agreements, pooling, communitization and unitization agreements, farmout agreements, joint venture agreements, product purchase and sale contracts, transportation, processing, treatment or gathering agreements, leases, permits, rights-of-way, surface interests easements, licenses, options, declarations, orders, contracts, and instruments in any way relating to Seller’s interest in and in the vicinity of the Leases and Land; (b) All of Seller’s right, title and interest in and to the xxxxx situated on the Leases and Land or otherwise pooled, communitized or unitized therewith, including without limitation the xxxxx described in Exhibit A-1 attached hereto (all such xxxxx, the “Xxxxx”); (c) All of Seller’s overriding royalty interests, net profits interests, operating interests, reversionary interests and other interests or benefits or credits owned by Seller in and to the Land, the Leases or attributable to production therefrom; (d) All of the oil and gas and associated hydrocarbons (“Oil and Gas”) in and under or otherwise attributable to the Leases, Land or produced from the Xxxxx (subject to Buyer’s obligation to pay for marketable Oil and Gas in storage on the Leases as of the Closing Date as provided in Section 2.1); (e) All of Seller’s interests in and to all of the assets described in Exhibit A-2 (collectively, the “Equipment”), including, without limitation, producing and non-producing xxxxx, injection xxxxx, disposal xxxxx, well equipment, casing, tubing, tanks, generators, boilers, buildings, pumps, motors, machinery, pipelines, gathering systems, power lines, telephone and telegraph lines, field processing plants, field offices and other furnishings related thereto, equipment leases, trailers, inventory in storage, storage yards, and all other improvements or appurtenances thereunto belonging; and (f) All of the files, records, and data of Seller relating to the items described in subsections (A), (B), (C), (D), and (E) above (the “Records”), including, without limitation, lease records, well records, and division order records; well files; title records (including title opinions and title curative documents); contracts and contract files; correspondence; computer software and data files; geological, geophysical and seismic records, interpretations, data, maps and information; production records, electric logs, core data, pressure data, decline curves and graphical production curves; reserve reports; and accounting records, but excluding files and information relating to internal or external valuations of the Assets and privileged information.

  • Sale and Purchase Upon the basis of the warranties and representations and subject to the terms and conditions herein set forth, the Fund agrees to sell to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase from the Fund the aggregate number of Firm Shares set forth opposite the name of such Underwriter in Schedule A attached hereto in each case at a purchase price of $14.325 per Share. The Fund is advised that the Underwriters intend (i) to make a public offering of their respective portions of the Firm Shares as soon after the effective date of the Registration Statement as is advisable and (ii) initially to offer the Firm Shares upon the terms set forth in the Prospectus. The Underwriters may from time to time increase or decrease the public offering price after the initial public offering to such extent as they may determine. In addition, the Fund hereby grants to the several Underwriters the option to purchase, and upon the basis of the warranties and representations and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Fund, ratably in accordance with the number of Firm Shares to be purchased by each of them, all or a portion of the Additional Shares as may be necessary to cover over-allotments made in connection with the offering of the Firm Shares, at the same purchase price per share to be paid by the Underwriters to the Fund for the Firm Shares. This option may be exercised by you on behalf of the several Underwriters at any time and from time to time on or before the forty-fifth day following the date hereof, by written notice to the Fund. Such notice shall set forth the aggregate number of Additional Shares as to which the option is being exercised, and the date and time when the Additional Shares are to be delivered (such date and time being herein referred to as the "Additional Time of Purchase"); provided, however, that the Additional Time of Purchase shall not be earlier than the Time of Purchase (as defined below) nor earlier than the second business day after the date on which the option shall have been exercised nor later than the tenth business day after the date on which the option shall have been exercised. The number of Additional Shares to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Shares being purchased as the number of Firm Shares set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm Shares (subject, in each case, to such adjustment as you may determine to eliminate fractional shares). The Fund also agrees, subject to the terms and conditions set forth herein, to sell to the Investment Manager, and, upon the basis of the representations, warranties and agreements of the Fund contained herein, the Investment Manager shall have the right to purchase from the Fund, at the same purchase price per share as the Underwriters shall pay for the Additional Shares, up to an aggregate of 1,000 Shares (the "Investment Manager Shares").

  • Sale and Purchase of Stock 10 2.1. Sale and Purchase of Stock, Etc.......................................................10 2.2. Deposit...............................................................................10 2.3.

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement: (a) The Company agrees to sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a price of $_____ per share (the "Initial Price"), the number of Firm Shares set forth opposite the name of such Underwriter under the column "Number of Firm Shares to be Purchased from the Company" on Schedule I to this Agreement, subject to adjustment in accordance with Section 10 hereof. (b) The Company grants to the several Underwriters an option to purchase, severally and not jointly, all or any part of the Option Shares at the Initial Price. The number of Option Shares to be purchased by each Underwriter shall be the same percentage (adjusted by the Representatives to eliminate fractions) of the total number of Option Shares to be purchased by the Underwriters as such Underwriter is purchasing of the Firm Shares. Such option may be exercised only to cover over-allotments in the sales of the Firm Shares by the Underwriters and may be exercised in whole or in part at any time on or before 12:00 noon, New York City time, on the business day before the Firm Shares Closing Date (as defined below), and from time to time thereafter within 30 days after the date of this Agreement, in each case upon written, facsimile or telegraphic notice, or verbal or telephonic notice confirmed by written, facsimile or telegraphic notice, by the Representatives to the Company no later than 12:00 noon, New York City time, on the business day before the Firm Shares Closing Date or at least two business days before the Option Shares Closing Date (as defined below), as the case may be, setting forth the number of Option Shares to be purchased and the time and date (if other than the Firm Shares Closing Date) of such purchase.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 Subject to and upon the terms and conditions of this Agreement, the Vendors shall sell and the Purchaser shall purchase the Sale Shares with effect from Completion free from all Encumbrances together with all rights now or hereafter attaching thereto including but not limited to all dividends paid, declared or made in respect thereof on or after the date of Completion. 2.2 The Purchaser shall not be obliged to purchase any of the Sale Shares unless the purchase of all the Sale Shares is completed simultaneously.

  • Sale and Purchase of Assets (a) The Manager shall, in accordance with instructions from the Board, supervise the sale and purchase of assets on the Company’s behalf including the completion of such transactions. (b) In respect of any sale or purchase of an asset, the Manager shall provide assistance which shall include, but not be limited to, arranging the financing in the case of a purchase and, if necessary, renegotiating existing financing, and in the case of a sale or purchase, arranging other contractual agreements required by the transaction and the general completion of the specific transaction. (c) The Manager shall assist the Board in reviewing the market for sale and purchase of assets and providing the Company with recommendations in this respect. Any contracts related to a sale or purchase of an asset shall always be subject to the final approval of the Board.

  • Sale and Purchase of Securities Subject to the terms and conditions hereof, the Company agrees to sell, and Purchaser irrevocably subscribes for and agrees to purchase, the number of Units set forth on the signature page of this Agreement at a purchase price of $15.00

  • Sale and Purchase of Equity Interest 1.1 授予权利 Option Granted

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