WebA take-or-pay provision obligating the buyer in a sale of goods contract to either buy and take delivery of a minimum quantity of goods or to pay the seller for any shortfall. This Standard Clause has integrated drafting notes with important explanations and drafting and negotiating tips. Web1 Apr 2013 · A take-or-pay clause is essentially an agreement whereby the buyer agrees to either: (1) take, and pay the contract price for, a minimum contract quantity of …
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Web26 Mar 2012 · This Amended and Restated Limited Liability Company Agreement (this “ Agreement ”) of Crestwood Marcellus Midstream LLC (the “ Company ”), dated as of March 26, 2012, is made and entered into by and among each of the Members (as herein defined) from time to time party hereto. WebMidstream take or pay contracts. Midstream operating and financial models. Energy modeling. Negotiation. International and Domestic Energy … genshin scenery live wallpaper
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WebTake-or-pay contracts are generally used to facilitate project financing since these contracts have guaranteed payments and both protect the buyers from commodity price increases … Web14 Jun 2024 · Midstream contracts often include minimum volume commitments or take-or-pay features to ensure that the midstream provider is paid even if the customer has a … Many midstream agreements entitle the party (or parties) receiving payment under the agreement to demand adequate assurance of performance (i.e., credit support) from the payor to secure future payments. If the payor party fails to deliver “adequate assurance of performance,” the payee party can generally … See more Force majeure provisions, found in most midstream contracts, excuse a party from performing its obligations under the contract, without … See more In the absence of an express force majeure provision, parties in most states, including Texas, can turn to common law affirmative defenses, such as the doctrine of “impossibility,” … See more Midstream contracts also often contain dedications, in which the upstream company commits all production from specified acreage to … See more Minimum volume commitments require an upstream producer/shipper to deliver a specified volume of hydrocarbons (gas, oil, NGLs, or other products) to a midstream system, measured on a quarterly or annual period. If the … See more chris coplen