Sales of Production. The General Partner shall have the right to cause the Partnership to sell any oil or gas produced by or for the account of the Partnership, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be produced from or allocated to the Properties or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the General Partner shall determine to be in the best interest of the Partnership; provided, however, that all such sales shall be upon terms and conditions which are the best terms and conditions available as determined in good faith by the General Partner taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of commitment. Notwithstanding anything to the contrary contained herein, neither the General Partner nor any of its Affiliates shall purchase any oil or gas produced by or for the account of the Partnership.
Sales of Production. The General Partner shall have the right to cause the Partnership to sell any oil or gas produced by or for the account of the Partnership, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be produced from or allocated to the Assets or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the General Partner shall determine to be in the best interest of the Partnership; provided, however, that all such sales shall be upon terms and conditions which are the best terms and conditions available as determined in good faith by the General Partner taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of commitment and, in any event, on terms no less favorable to the Partnership than the General Partner or any Affiliate thereof has recently obtained or is obtaining for arm's length sales, exchanges or dispositions of the General Partner's or such Affiliate's production of similar quantity and quality in the same geographic area where the Partnership's production is located.
Sales of Production. Manager shall have the right and authority to negotiate sales contracts with third party purchasers for any oil, condensate, natural gas liquids, or natural gas produced by or for the account of Company on such terms and conditions as Manager reasonably deems appropriate in the best interests of Company. Manager shall cause the Company to execute and deliver any and all sales contracts, transfer orders, division orders and other instruments that may, at any time, be required by any purchasers of production from the applicable Assets, or by the Manager for the purposes of effectuating the payment of the proceeds from sales of production.
Sales of Production. The Manager shall have the right to cause the Company to sell any oil or gas produced by or for the account of the Company, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be produced from or allocated to the Assets or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the Manager shall determine to be in the best interest of the Company; provided, however, that all such sales shall be upon terms and conditions which are the best terms and conditions available as determined in good faith by the Manager taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of commitment and, in any event, on terms no less favorable to the Company than the Manager or any Affiliate thereof has recently obtained or is obtaining for arm's length sales, exchanges or dispositions of the Manager's or such Affiliate's production of similar quantity and quality in the same geographic area where the Company's production is located.
Sales of Production. Seller has not, within 120 days of the date of this Agreement, sold, assigned, conveyed, or transferred or contracted to sell, assign, convey or transfer any right or title to, or interest in, the Assets, other than (a) production sold in the ordinary course of Seller’s business, and (b) equipment which was worthless, obsolete or replaced by equipment of equal suitability and value.
Sales of Production. All proceeds, including proceeds held in suspense or escrow, from the sale of production actually produced by Seller prior to the Effective Date attributable to the Properties shall belong to Seller. All proceeds from the sale of production actually produced, sold and delivered on and after the Effective Date attributable to the Properties shall belong to Buyer. Seller shall deliver to Buyer a listing of all suspended or escrowed revenues and agrees to hold Buyer harmless against any liabilities which may arise as a result of the suspension or escrowing of such funds prior to the Effective Date. In addition, all oil, condensate and/or liquid hydrocarbons in storage above the pipeline connection shall be gauged and all gas meter charts shall be replaced on the Effective Date with Buyer having the right to have a representative present. Adjustments for oil in tanks as of the Effective Date will be made in accordance with Section 1.7, If either party comes into possession after the Closing Date of proceeds due the other party as allocated hereunder, the party receiving the proceeds shall immediately pay such proceeds to the other party. Buyer hereby consents and agrees to any prices received by Seller for the sale of the production during the period between the Effective Date and the Closing Date.
Sales of Production. The General Partner shall have the right to cause the Partnership to sell any oil or gas produced by or for the account of the Partnership, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be produced from or allocated to the Class A Assets or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the General Partner shall determine to be in the best interest of the Partnership taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of commitment and, in any event, on terms no less favorable to the Partnership than the General Partner or any Affiliate thereof is obtaining for arm's length sales, exchanges or dispositions of the General Partner's or such Affiliate's production of similar quantity and quality in the same geographic area where the Partnership's production is located under agreements entered into at or about the same time as the agreements for the sale of the comparable Partnership production were entered into.
Sales of Production. The General Partner shall have the right to cause the Partnership to sell any oil or gas produced by or for the account of the Partnership, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be produced from or allocated to the Properties or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the General Partner shall determine to be in the best interest of the Partnership, taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of commitment and, in any event, on terms no less favorable to the Partnership than the General Partner or any Affiliate thereof has recently obtained or is obtaining for arm’s length sales, exchanges or dispositions of the General Partner’s or such Affiliate’s production of similar quantity and quality in the same geographic area where the Partnership’s production is located.
Sales of Production. If Closing occurs after the 10th day of the calendar month preceding the calendar month in which the Effective Time occurs, Purchaser shall have the right to elect to have Seller, or a designee of Seller, contract for the sale of all production from the Subject Properties to be produced during the calendar month in which the Effective Time occurs. If Purchaser elects to have Seller contract for such sales, it must notify Seller in writing of such election no later than the 15th day of the calendar month preceding the calendar month in which Effective Time occurs (or the next business day if the 15th is a legal holiday). In such event, Purchaser agrees to cooperate with Seller and operate the daily production of the Subject Properties in conjunction and accordance with the mutually agreeable nominations made by Seller for such production for the applicable sales month. Seller will pay (or cause to be paid) Purchaser 98% of the amount actually received by Seller (or its designee) for the sale of such production, less any and all costs actually incurred by Seller (or its designee) of gathering, transportation and/or transportation penalties not caused directly by the intentional misconduct or gross negligence of Seller or its designee, compression, treating and/or processing of such production and less all costs or in-kind volumes of any fuel and shrinkage associated with such services or operations. Purchaser shall be paid on or before the last day of the month following the month in which such sales are made, or five (5) business days after the receipt by Seller (or its designee) of the proceeds from the sale of Purchaser's production from the Subject Properties, whichever is later. Except for payment to Purchaser of the proceeds from the sale of such production, Seller nor its designee shall have any liability to Purchaser arising from any aspect of the sale thereof, unless arising from the intentional misconduct or gross negligence of Seller or its designee; it being understood that all of such sales are being made strictly as an accommodation to Purchaser. Purchaser acknowledges that after such month of production sales by Seller or its designee, that Purchaser will assume all obligations and take the actions necessary to thereafter sell the production from the Subject Properties.
Sales of Production. The General Partner has the right to cause the Partnership to sell any oil or gas produced by or for the account of the Partnership, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be produced from or allocated to the Property or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the General Partner shall determine to be in the best interest of the Partnership; provided, however, that all such sales shall be upon terms and conditions which are the best terms and conditions available as determined in good faith by the General Partner taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of commitment and, in any event, on terms no less favorable to the Partnership than the General Partner or any Affiliate thereof has recently obtained or is obtaining for arm’s length sales, exchanges or dispositions of the General Partner’s or such Affiliate’s production of similar quantity and quality in the same geographic area where the Partnership’s production is located.
