Home >  Term: take-and-pay
take-and-pay

A clause that requires a minimum quantity to be physically taken and paid for, usually gas in association with oil, or wells that will be damaged by failure to produce.

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  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Energy
  • Category: Natural gas
  • Company: AGA

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