Common use of Sale of royalty volumes Clause in Contracts

Sale of royalty volumes. When XXX considers it convenient and provided that regulations allow it, THE CONTRACTOR will market the portion of Hydrocarbon production corresponding to royalties and will deliver the proceeds of said sale to XXX. To this end, the Parties will agree on the specific details of the sale. At any rate, THE CONTRACTOR will make its best effort to sell said production at the highest price in available markets. XXX will pay THE CONTRACTOR the direct cost and a reasonable selling margin to be agreed by the Parties. If no agreement has been made, the expert mechanism included in Clause 74 will apply.

Sale of royalty volumes. When If XXX considers it convenient and provided that regulations allow itso permit, THE CONTRACTOR will market sell the portion of Hydrocarbon production corresponding to royalties royalty Hydrocarbons and will deliver the cash proceeds of said sale to XXX. To For this end, purpose the Parties will agree on the specific details of the sale. At any rate, sale but THE CONTRACTOR will at all events make its best effort efforts to sell said that production at the highest price available in available marketsthe market. XXX will pay THE CONTRACTOR the direct cost and a reasonable selling margin to be agreed by the Parties. If no agreement has been made, the expert mechanism included in Clause 74 will applymargin.