Examples of CHK Agreement in a sentence
If Gatherer gives the First Xxxxxxx Redetermination Notice or Second Xxxxxxx Redetermination Notice under the CHK Agreement, then Gatherer shall provide a copy of such notice to the Total Parties simultaneous with the giving of such Notice to the CHK Parties.
Gatherer agrees to continue to operate the DFW Gathering System in accordance with the terms and conditions of Section 12.14 of the CHK Agreement.
The giving of Notice as contemplated by this Section 2.2(b) shall constitute the giving of the First Xxxxxxx Redetermination Notice or Second Xxxxxxx Redetermination Notice, as applicable, provided that such Notice is given within the six month notice period for the First Xxxxxxx Redetermination Notice or two year notice period for the Second Xxxxxxx Redetermination Notice, as applicable, set forth in the CHK Agreement.
For clarification purposes, the CHK Parties (and not the Total Parties) shall continue to be liable for the payment in its entirety of the above referenced termination payment and the performance of the indemnity and other obligations under such Section 12.14 of the CHK Agreement.
For purposes of the definition of “Annual Xxxxxxx Gathered Volumes” in the CHK Agreement, **% of the Aggregate MV Mitigation Gas for the applicable Year shall be used in clause (ii) of such definition in lieu of the volume of MV Mitigation Gas delivered under the CHK Agreement during such Year.
The Parties agree that the Economic Value of the Total Agreement shall be deemed to be equal to the Economic Value of the CHK Agreement.
The Total Parties shall have no obligation to make any payments in respect of any amounts due and payable as of the Effective Date pursuant to Section 10.2 of the Total Agreement, it being understood that all such amounts have been paid or will be payable by the CHK Parties under the CHK Agreement.
For the period that commences as of July 1, 2009 and ends on June 30, 2019, the Parties acknowledge and agree (i) that the Xxxxxxx Fees are subject to being redetermined at the times and in accordance with terms set forth in Section 3 of Exhibit A of the CHK Agreement and the Additional Agreement (each such redetermination, a “Redetermination”).
It is acknowledged that any capital expenditures made by Gatherer to connect Producer Non-Operated Xxxxx to the Xxxxxxx Gathering Systems shall not be included in the Xxxxxxx Cap Ex, Actual Xxxxxxx Cap Ex or Projected Xxxxxxx Cap Ex under Section 3 of Exhibit A to the CHK Agreement (with the three preceding defined terms to have the meanings ascribed to such terms in the CHK Agreement).
Gatherer represents that, as of the Effective Date, other than the Priority 1 Service currently being provided to the CHK Parties under the CHK Agreement, Gatherer has not agreed to provide Priority 1 Service on any Xxxxxxx Gathering System to any other Person.