Common use of Marketing Activities Clause in Contracts

Marketing Activities. The Company will not, and will not permit any of its Subsidiaries to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their Proved Reserves during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves of third parties during the period of such contract associated with the of the Company and its Subsidiaries Oil and Gas Properties that the Company or one of its Subsidiaries has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. The Company Borrower will not, and will not permit any of its Subsidiaries Subsidiary to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their Proved Reserves its proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves proved Oil and Gas Properties of third parties during the period of such contract associated with the of the Company and its Subsidiaries Oil and Gas Properties of the Borrower or any Subsidiary that the Company Borrower or one of its Subsidiaries any Subsidiary has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. The Company Parent, OP LLC and the Borrower will not, and will not permit any of its Subsidiaries to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their Proved Reserves proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves proved Oil and Gas Properties of third parties during the period of such contract associated with the of the Company and its Subsidiaries Oil and Gas Properties of the Borrower and the Subsidiaries that the Company Borrower or one of its the Subsidiaries has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. The Company Borrower will not, and will not permit any of its Subsidiaries to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their Proved Reserves proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves proved Oil and Gas Properties of third parties during the period of such contract associated with the of the Company and its Subsidiaries Oil and Gas Properties of the Borrower and its Subsidiaries that the Company Borrower or one of its Subsidiaries has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (iA) which have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (iiB) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. The Company Borrower will not, and will not permit any of its Subsidiaries Subsidiary to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their Proved Reserves its proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves proved Oil and Gas Properties of third parties during the period of such contract associated with the of the Company and its Subsidiaries Oil and Gas Properties of the Borrower or any Subsidiary that the Company Borrower or one of its Subsidiaries any Subsidiary has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “"position” " is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. The Company will not, and will not permit any of its Subsidiaries to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or CREDIT AGREEMENT reasonably estimated to be produced from their Proved Reserves proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves proved Oil and Gas Properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Company and its Subsidiaries Oil and Gas Properties that the Company or one of its Subsidiaries any Subsidiary has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (iA) which have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (iiB) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

Marketing Activities. The Company Issuer will not, and will not permit any of its Subsidiaries the other Group Members to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (ai) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their Proved Reserves proved Oil and Gas Properties during the period of such contract, (b1) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves proved Oil and Gas Properties of third parties during the period of such contract associated with the of the Company and its Subsidiaries Oil and Gas Properties of the Issuer and the other Group Members that the Company Issuer or one of its Subsidiaries the other Group Members has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (c2) other contracts for the purchase and/or sale of Hydrocarbons of third parties (ia) which have generally offsetting provisions (i.e., i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (iib) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.