Examples of Gathering Agreements in a sentence
The Parties acknowledge that in the interest of efficiency, the Parties desire to establish a fee, term, and portion of the Capacity (the “Intramonth Terms”) which may be utilized by ECT as Commerical Manager to provide Gathering Services under Third Party Gathering Agreements or their associated individual transactions which have a duration of one Month or less (“Intramonth Agreements”).
Except for the Existing Vantage Gathering Agreements, the Vantage Oil and Gas Properties are not subject to any Conflicting Dedication Agreement (as defined in the Existing Gas Gathering Agreement) and are not otherwise dedicated to, or burdened by, any purchase and sale, exchange, compression, gathering, transportation, processing, refining, or oil, gas, or other Hydrocarbon marketing agreement.
For each Year during the Minimum Volume Period, the aggregate volume of MV Mitigation Gas (in Mcf’s) delivered under both Gathering Agreements during such Year shall be used to determine the Annual Xxxxxxx Gathered Volumes under each Gathering Agreement as follows (as to each Year, the “Aggregate MV Mitigation Gas”).
Rice shall (i) cause the Existing Vantage Gathering Agreements to be terminated and (ii) satisfy any and all obligations, costs and penalties, if any, as a result of such termination.
From and after the Closing Date, Purchaser shall take all actions reasonably requested by Seller to permit Seller to resolve the gas imbalances existing under the Firm Gas Gathering Agreements as of the Closing Date.