Examples of Production Payment Gas in a sentence
It is recognized that as the owner of the Production Payment Grantee owns the Production Payment Gas in its natural state, including, without limitation, all liquefiable Hydrocarbons contained therein.
If as a result of any existing or future processing agreement Grantor elects to process Production Payment Gas, Grantee will have an interest in all plant products and liquids extracted (the "Liquids") and all residue gas remaining ("Plant Residue Gas") attributable or allocable to the Production Payment and the Production Payment Gas under the terms of the Processing Agreements.
All Production Payment Gas delivered to Grantee, or to Grantee's credit, shall satisfy the quality requirements and specifications as set forth in the First Transporter's transportation agreements and/or published tariffs filed with the FERC for acceptance and transportation of Gas at the Delivery Points without penalty or deduction for nonconformity, as the same may be modified from time to time.
Positive fair values of unrealized forward exchange contracts, amounting to nil, $68,392 and $6,323 respectively, are included in other current assets as at December 31, 2008, 2007 and 2006 (Note 15).Other current and non-current assets as at December 31, 2006 included short-term and long-term loans provided by the subsidiary bank (Note 18(b)) totaled $241,030 (net of allowance) and $80,435, respectively.
Grantor shall deliver, or cause to be delivered, the Production Payment Gas at a pressure sufficient to deliver the same into the First Transporter's pipeline at each Delivery Point -3- against the operating pressure of First Transporter's pipeline in existence from time to time; provided that Grantor shall not be required to install compression equipment or other equipment in circumstances in which such installation is not economically feasible without regard to the burden of the Production Payment.
Grantee agrees that Grantor may commit Production Payment Gas to other processing agreements to unaffiliated third parties on the same terms as it commits Gas from its interests in the Subject Interests as long as such agreements would not have an adverse affect on Grantee's or Grantor's interest in the Production Payment.
Not less than fifteen (15) days prior to the first day of each Month, Grantor will notify Grantee of the daily quantities of (i) Gas which Grantor estimates will be produced from each Subject Well during such Month and (ii) the quantity of Gas which Grantor estimates will be available for delivery to the credit of Grantee as Production Payment Gas at each Delivery Point during such Month.
Grantor shall inform Grantee, as often as may be necessary, of the delivery rate and pressure of the Production Payment Gas delivered to Grantee or to Grantee's credit.
Grantor shall deliver, or cause to be delivered, the Production Payment Gas at a pressure sufficient to deliver the same into the First Purchaser's or First Transporter's pipeline, as applicable, at each Delivery Point against the operating pressure in existence from time to time; provided that Grantor shall not be required to install compression equipment or other equipment in circumstances in which such installation is not economically feasible without regard to the burden of the Production Payment.
After seeing some of the world, he returned, disappointed, not to ‘a home fit for heroes’ but to a country lurching towards the General Strike and the Great Depression.