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.
- Del af tale: noun
- Branche/domæne: Energy
- Category: Natural gas
- Company: AGA
0
Ophavsmand
- JJD
- 100% positive feedback