Common use of Proceeds of Production Clause in Contracts

Proceeds of Production. Shipper shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived from Shipper’s Gas delivered under this Agreement, including royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to proceeds. In no event will Gatherer have any obligation to those Persons due any of those proceeds of production attributable to Shipper’s Gas under this Agreement.

Appears in 1 contract

Sources: Gas Gathering Agreement (Summit Midstream Partners, LP)

Proceeds of Production. Shipper shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived from Shipper’s the Gas delivered under this Agreement, including royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to proceeds. In no event will Gatherer have any obligation to those Persons due any of those proceeds of production attributable to Shipper’s the Gas under this Agreement.

Appears in 1 contract

Sources: Gas Gathering Agreement (Summit Midstream Partners, LP)

Proceeds of Production. Shipper shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived by Shipper from Shipper’s Gas (including all constituents and products thereof) delivered under this Agreement, including including, without limitation, royalties, overriding royalties, and similar interests, in accordance with the provisions of the leases or agreements creating those rights to such proceeds. In no event will Gatherer have any obligation to those Persons due any of those proceeds of production attributable to Shipper’s Gas under this Agreement.

Appears in 1 contract

Sources: Gas Gathering Agreement (Sandridge Energy Inc)