Common use of Take or Pay Clause in Contracts

Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its net revenue interest in the Hydrocarbons attributable to any Lease or Well described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 and 13.6, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

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Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangementarrangement to which Seller is a party, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its the net revenue interest in the Hydrocarbons attributable to any Well, unit or Lease or Well described in Exhibits Exhibit “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 13.4 and 13.613.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its the net revenue interest in the Hydrocarbons attributable to any Well, unit or Lease or Well described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 13.4 and 13.613.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Holdings, Inc.)

Take or Pay. To the best of Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of the Hydrocarbons to be soldsold or to deliver Hydrocarbons, without receiving full payments at the time of delivery in an amount that corresponds to its net revenue interest the Net Revenue Interest in the Hydrocarbons attributable to any Lease Well or Well described in Exhibits “A” or “B” Interest (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 13.4 and 13.613.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)

Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangementarrangement to which Seller is a party, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its the net revenue interest in the Hydrocarbons attributable to any Well, unit or Lease or Well described in Exhibits Exhibit “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 12.4 and 13.612.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangementarrangement to which Seller is a party, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its the net revenue interest in the Hydrocarbons attributable to any Well, unit or Lease or Well described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 12.4 and 13.612.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

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Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its the net revenue interest in the Hydrocarbons attributable to any Lease or Well described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 13.4 and 13.613.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of Hydrocarbons attributable to the Hydrocarbons Interests or Xxxxx to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its the net revenue interest in the Hydrocarbons attributable to any Lease or Well described in Exhibits “A” or Exhibit “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 13.4 and 13.613.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Midstates Petroleum Company, Inc.)

Take or Pay. To Seller’s knowledge, Seller is not obligated, under a take-or-pay or similar arrangement, to allow its share of the Hydrocarbons to be sold, without receiving full payments at the time of delivery in an amount that corresponds to its net revenue interest the Net Revenue Interest in the Hydrocarbons attributable to any Well, unit or Lease or Well described in Exhibits “A” or “B” (other than with regard to certain obligations relative to Assumed Imbalances or Pipeline Imbalances, as contemplated under Sections 13.5 13.4 and 13.613.5, respectively).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

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