Marketing and Trade Product Purchase Agreement
Category: 270 Legal Recent Posts, Marketing Agreements, Purchase Agreement
TARGA LIQUIDS MARKETING AND TRADE
PRODUCT PURCHASE AGREEMENT
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3. TERMS OF SALE AND PURCHASE
3.1. VOLUMES
(a) Seller agrees to sell, and Buyer agrees to purchase, such volumes of Raw Product owned or controlled by Seller as the parties shall from time to time agree.
(b) Seller commits and dedicates to sell, and Buyer agrees to purchase, all volumes of Specification Product owned or controlled by Seller and produced from the Fractionating Facility.
3.2. DELIVERY OF PRODUCT
(a) Raw Product will be delivered to Buyer from Seller at or near the tailgate of the Originating Facility into an existing Pipeline designated by Buyer or such other locations as are mutually agreed to by the Parties.
(b) Specification Product will be delivered to Buyer from Seller (i) at or near the tailgate of the Fractionating Facility into an existing Pipeline designated by Buyer, (ii) at the truck rack of the Fractionating Facility onto tank trucks provided by Buyer, or (iii) at such other locations as are mutually agreed to by the Parties.
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