CHK Agreement definition
Examples of CHK Agreement in a sentence
The giving of Notice as contemplated by this Section 2.2(b) shall constitute the giving of the First ▇▇▇▇▇▇▇ Redetermination Notice or Second ▇▇▇▇▇▇▇ Redetermination Notice, as applicable, provided that such Notice is given within the six month notice period for the First ▇▇▇▇▇▇▇ Redetermination Notice or two year notice period for the Second ▇▇▇▇▇▇▇ Redetermination Notice, as applicable, set forth in the CHK Agreement.
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.
For purposes of the definition of “Annual ▇▇▇▇▇▇▇ 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.
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 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 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.
If Gatherer gives the First ▇▇▇▇▇▇▇ Redetermination Notice or Second ▇▇▇▇▇▇▇ 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.
It is acknowledged that any capital expenditures made by Gatherer to connect Producer Non-Operated ▇▇▇▇▇ to the ▇▇▇▇▇▇▇ Gathering Systems shall not be included in the ▇▇▇▇▇▇▇ Cap Ex, Actual ▇▇▇▇▇▇▇ Cap Ex or Projected ▇▇▇▇▇▇▇ 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).
If Gatherer’s right to operate the DFW Gathering System terminates under the CHK Agreement, then Gatherer shall have no further obligation to receive Producers’ Gas and MV Mitigation Gas under this Agreement on the DFW Gathering System from and after the date of such termination.
Upon the cessation of the Force Majeure Event, Provider shall use commercially reasonable efforts to resume its performance of any affected Service in accordance with the standards set forth in Section 2.4(a) with the least possible delay.