Examples of Hydrocarbon Products in a sentence
Except for the Loan Parties, no Company is engaged in the sale of Hydrocarbon Products.
None of the Hydrocarbon Products owned or purchased by any Loan Party is subject to a First Purchaser Lien except as any Loan Party may have previously notified the Agent in writing and indicated on each Borrowing Base Certificate provided to the Lenders.
The theoretical MMBtu’s allocable to Supplier from the Commingled Residue Gas shall be determined by subtracting the sum of 1) the MMBtu’s removed from the Plant Inlet Volume as Liquid Hydrocarbon Products (determined as provided Paragraph V of this Exhibit A) and 2) the MMBtu’s allocable to the Plant Inlet Volume as Plant Fuel Gas from the theoretical MMBtu’s delivered to the Receipt Points in the Committed Gas (determined as provided in Paragraph II.C of this Exhibit A) during the Accounting Period.
No Company is engaged in the sale of Hydrocarbon Products other than the Borrower, SCS and its Subsidiaries.
The sales prices of the Liquid Hydrocarbon Products shall be the arithmetic mean of the daily average trading range high and low prices quoted by the Oil Price Information Service (“OPIS”) for the Conway, Kansas, Group 140 Hub, during the Accounting Period, less T&F (as defined below).
The total MMBtu’s removed from the Plant Inlet Volume as Liquid Hydrocarbon Products during each Accounting Period shall equal the sum of the MMBtu’s removed from the Plant Inlet Volume as ethane, propane, butane and natural gasoline, determined as provided in Paragraph V.A of this Exhibit A.
At such time that Processor converts transportation of such Liquid Hydrocarbons to Mt. Belvieu, the quoted prices will be based upon the OPIS Mt. Belvieu, TX-non-TET (E/P Mix) “T&F” shall mean the actual third party transportation and fractionation charges, and marketing charges at and downstream of the Plant attributable to such Liquid Hydrocarbon Products.
The net number of gallons of ethane, propane, butane and natural gasoline allocable to the Plant Inlet Volume shall be determined by multiplying the percentage of to the Liquid Hydrocarbon Products Supplier is to receive (determined as provided in Section 5.1 of the Agreement) by the gross allocation of gallons of ethane, propane, butane and natural gasoline to the Plant Inlet Volume (determined as provided in Paragraph IV.A of this Exhibit A).
If the Residue Gas at the Delivery Point(s) shall fail to meet the Gross Heating Value specifications set forth in Exhibit B, Processor may take whatever steps are required to enable the Residue Gas to meet such specifications including, but not limited to, reducing the recovery of Liquid Hydrocarbon Products, and Processor will notify Supplier within 48 hours of what steps have been taken to meet such specifications.