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Existing Sales Contracts definition

Existing Sales Contracts means all contracts and agreements in effect as of the Effective Date between or among Assignor and any Affiliate of Assignor, or between or among any Affiliates of Assignor, for the Sale, Processing, treatment, compression, gathering or transportation of Subject Hydrocarbons.
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Existing Sales Contracts means the Sub-Provider's existing contracts with Buying Organisations and/or other third parties for the supply of systems, products or services which compete with the whole or a substantial part of the Zanzibar System, which contracts are as set out in Schedule 30;
Sample 1

Examples of Existing Sales Contracts in a sentence

  • Assignor may amend such Existing Sales Contracts and may enter into one or more Sales Contracts in the future at the prices and on the terms Assignor shall deem proper in Assignor's sole and absolute discretion, which may include sales to Affiliates of Assignor.

  • For such purpose, Sales of Subject Hydrocarbons may continue to be made pursuant to Existing Sales Contracts.

  • Grantee shall have the right, but not the obligation, to take in kind all Overriding Royalty Hydrocarbons which it is not obligated to take in kind pursuant to the terms of the preceding sentence; provided, however, Grantee shall not have the right to take in kind Overriding Royalty Hydrocarbons which are sold pursuant to the Existing Sales Contracts.

  • With respect to all Hydrocarbons attributable to the Subject Properties that are not sold under Existing Sales Contracts, Grantor shall sell, or cause to be sold, such Hydrocarbons pursuant to arm's length contracts with Approved Purchasers, containing provisions negotiated by Grantor as a prudent marketer.

  • Grantor shall perform and administer each Existing Sales Contract, but shall not amend, extend or renew any of the Existing Sales Contracts without Grantee's prior written consent, and upon Grantee's written request, Grantor shall take such actions as may be necessary to cause the Existing Sales Contracts to expire at the end of their respective terms, or if permitted under the terms thereof, to terminate prior to the expiration of their respective terms.

  • Upon Buyer giving Seller notice of Buyer's intention to take all or any portion of the Production Payment Hydrocarbons in kind or enter separate product sales contracts therefor pursuant to paragraph (b) of this Section 2, Seller shall give such notices and take other actions, if any, as may be required or appropriate to cause the relevant Existing Sales Contracts not to be extended or renewed, but to expire at the end of their then respective current terms.

  • The section further states that[XTO] may amend such Existing Sales Contracts and may enter into one or more Sales Contracts in the future at the prices and on the terms [XTO] shall deem proper in [XTO’s] sole and absolute discretion, which may include sales to affiliates of [XTO].

  • Buyer shall purchase a volume of crude oil equal to all crude oil produced from the Properties and attributable to Sellers’ interest in such Properties other than (a) Overriding Royalty Oil, (b) Overriding Royalty Oil attributable to Grantor-Marketed Properties from which Star VPP, LP has not elected to take production in kind, and (c) Overriding Royalty Oil subject to Existing Sales Contracts (as defined in the Conveyance and so used herein).

  • If any of the Hydrocarbons attributable to the Subject Properties are subject to existing production sales agreements which cannot or will not be terminated at Closing (the "Existing Sales Contracts"), then during the remaining term of each Existing Sales Contract, the Hydrocarbons which are subject to such Existing Sales Contracts shall continue to be sold and delivered at the contract price and terms applicable thereto.

  • Notwithstanding the foregoing, upon prior written notice by Grantee to Grantors, Grantee shall have the right to take in kind and separately dispose of all or any portion of the Grantor-Marketed Hydrocarbons, subject to the terms and restrictions of any such arm's length contracts or Existing Sales Contracts then in effect.

Related to Existing Sales Contracts

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Applicable Contracts has the meaning set forth in Section 2.1(d).

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Terminated Contracts has the meaning set forth in Section 5.6(a).

  • Customer Contracts means any and all Contracts with customers of the Company, including professional services agreements, supply agreements, service agreements, license agreements, maintenance and development agreements and consulting agreements.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Closing Sales Price means, for any security as of any date, the last sales price of such security on the principal trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Corporation if Bloomberg Financial Markets is not then reporting closing sales prices of such security) (collectively, “Bloomberg”), or if the foregoing does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no such price is reported for such security by Bloomberg, the average of the bid prices of all market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a trading day for such security, on the next preceding date that was a trading day. If the Closing Sales Price cannot be calculated for such security on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Corporation, with the costs of such appraisal to be borne by the Corporation.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “Floating Interest Period”, timing and frequency of determining Three-Month Term SOFR with respect to each Floating Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Company decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Company decides that adoption of any portion of such market practice is not administratively feasible or if the Company determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Company determines is reasonably necessary).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Fixed Asset Supplies means items included within “Property and Equipment” under the Uniform System of Accounts including, but not limited to, linen, china, glassware, tableware, uniforms, and similar items, whether used in connection with public space or Guest Rooms.

  • ex-works price means the price paid for the product ex works to the manufacturer in the EU or in a SADC EPA State in whose undertaking the last working or processing is carried out, provided the price includes the value of all the materials used, minus any internal taxes paid which are, or may be, repaid when the product obtained is exported;

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

Most Referenced Clauses

Most Referenced Definitions