Hydrocarbon Sales Agreement definition

Hydrocarbon Sales Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which the Company is a seller of Hydrocarbons (other than “spot” sales agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days` notice or less, and which provide for a price not less than the market value price that would be received pursuant to an arm’s- length contract for the same term with an unaffiliated third party purchaser).
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Hydrocarbon Sales Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Chaparral or any Subsidiary is a seller of Hydrocarbons.
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Hydrocarbon Sales Agreement means any material sales agreement, purchase contract, or marketing agreement that is currently in effect and under which Midland or any of its Subsidiaries (or Vista or Vista Sub, as applicable) is a seller of Hydrocarbons (other than "spot" sales agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, and which provide for a price not less than the market value price that would be received pursuant to an arm's-length contract for the same term with an unaffiliated third party purchaser). "Hydrocarbon Support Agreement" means any gathering, transportation, treatment, compression, processing, or similar agreement that is currently in effect and to which Midland or any of its Subsidiaries (or Vista or Vista Sub, as applicable) is a party (other than gathering, transportation, treatment, compression, processing, and similar agreements that have been entered into in the ordinary course of business and which contain market value prices and terms of the type found in gathering, transportation, treatment, compression, processing, and similar agreements entered into between unaffiliated parties in arm's length transactions). "Hydrocarbons" means oil, condensate, gas, casinghead gas, and other liquid or gaseous hydrocarbons. "Indemnification Agreement" has the meaning specified in Section 4.14. "IRS" means the Internal Revenue Service. "Lien" means any lien, trust, mortgage, security interest, pledge, deposit, production payment, restriction, burden, claim, charge, detriment, option, encumbrance, voting agreement, preemptive right, shareholder agreement, rights of a vendor under any title retention or conditional sale agreement, or lease or other arrangement substantially equivalent to any of the foregoing. "Material Adverse Change" has the meaning specified in Section 3.1(a). "Material Adverse Effect" has the meaning specified in Section 3.1(a).
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Examples of Hydrocarbon Sales Agreement in a sentence

  • Refinery Buyer shall have executed and delivered to CUSA the Remediation Hydrocarbon Sales Agreement in the form of Exhibit T attached to this Agreement for sale of recovered products from CUSA to Refinery Buyer.

  • Effective on the Closing Date, CUSA and Pipeline Buyer shall enter into a Remediation Hydrocarbon Sales Agreement in the form of Exhibit T attached hereto for sale and purchase of recovered products generated from Sellers’ remediation activities.

  • CUSA shall have executed and delivered to Refinery Buyer the Remediation Hydrocarbon Sales Agreement in the form of Exhibit T attached to this Agreement for sale of recovered products from CUSA to Refinery Buyer.


More Definitions of Hydrocarbon Sales Agreement

Hydrocarbon Sales Agreement means any sales agreement, purchase contract or marketing agreement that is currently in effect and under which any of the Tide West Companies is a seller of Hydrocarbons (other than "spot" sales agreements entered into in the ordinary course of business with a term of three months or less, terminable without penalty on 30 days' notice or less, and which provide for a price not less than the market value price that would be received pursuant to an arms'-length contract for the same term with an unaffiliated third party purchaser).
Sample 1

Related to Hydrocarbon Sales Agreement

  • Sales Agreement means the agreement between the Client and the Partner for the sale of Goods in accordance with the Order.

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • Gas Balancing Agreement means any agreement or arrangement whereby any Loan Party, or any other party having an interest in any hydrocarbons to be produced from Mineral Interests in which any Loan Party owns an interest, has a right to take more than its proportionate share of production therefrom.

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • Supply Agreements has the meaning set forth in Section 7.1.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

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

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • 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;

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Carbon dioxide or “CO2” means the most common of the six primary greenhouse gases, consisting on a molecular level of a single carbon atom and two oxygen atoms.

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against oil and gas price fluctuations.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Multimodal transport operator means the person on whose behalf the bill of lading/multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

  • Transportation Agreement means an agreement pursuant to the Tariff under which Transporter provides Transportation or other contract services to a Shipper.

  • Supply Agreement has the meaning set forth in Section 7.1.

  • Petroleum refinery means each facility engaged in producing gasoline, kerosene, distillate fuel oils, residual fuel oils, lubricants, or other products through distillation of petroleum or through redistillation, cracking, extracting, or reforming of unfinished petroleum derivatives.

  • 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

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Interconnection Agreements means, collectively, (a) an agreement by and among Owner, TransÉnergie and ISO-NE that sets forth such parties’ respective rights and obligations following the interconnection at the U.S. Border of the NECEC Transmission Line with the Québec Line and (b) an agreement by and between Owner and ISO-NE that sets forth such parties’ respective rights and obligations following the interconnection at the Delivery Point of the NECEC Transmission Line with certain transmission facilities operated by ISO-NE. The Interconnection Agreements shall address cost responsibilities among entities other than the Distribution Company and the other RFP Sponsors and shall include provisions, both technical and otherwise, for safe and reliable interconnected operations of the HVDC Transmission Project following Commercial Operation (including use of the HVDC Transmission Project for the delivery of electric power in emergency circumstances).

  • Non-Methane Hydrocarbons (NMHC means the sum of all hydrocarbon air pollutants except methane.