Common use of Covenants by Owner Clause in Contracts

Covenants by Owner. Owner represents and warrants to the ▇▇▇▇▇▇▇ Parties that at all times during the term of this Agreement: a. It has, and will continue to have, the right to convey good and merchantable title to all of Owner’s Proportionate Share of and in the raw natural gas production stream from the ▇▇▇▇▇ or to all of Owner’s Residue Gas, whichever is applicable, free and clear of all liens, encumbrances and claims other than any customary liens arising under any joint operating agreement; and b. Except as provided herein or pursuant to any Commitment Agreements, its gross working interest is undedicated to or fully released from any marketing agreement(s) related to the ▇▇▇▇▇ and/or Owner’s Residue Gas, and the ▇▇▇▇▇▇▇ Parties shall have the sole right to purchase and resell Owner’s Residue Gas.

Covenants by Owner. Owner represents and warrants to the ▇▇▇▇▇▇▇ Parties that at all times during the term of this Agreement: a. It has, and will continue to have, the right to convey good and merchantable title to all of Owner’s Proportionate Share of and in the raw natural gas production stream from the ▇▇▇▇▇ or to all of Owner’s Residue GasNGLs, whichever is applicable, free and clear of all liens, encumbrances and claims other than any customary liens arising under any joint operating agreement; and b. Except as provided herein or pursuant to any Commitment Agreements, its gross working interest is undedicated to or fully released from any marketing agreement(s) related to the ▇▇▇▇▇ and/or Owner’s Residue GasNGLs, and the ▇▇▇▇▇▇▇ Parties shall have the sole right to purchase and resell Owner’s Residue GasNGLs.