- 18 -
basis thereafter, unless and until
terminated by either party upon 30 days
written notice prior to the end of the
primary term or any monthly extension
(the "Release Period"), all gas otherwise
deliverable by Seller each day from any well
or wells committed to the performance of the
Contracts which is (i) gas that is priced
pursuant to the applicable Contract above
the replacement cost of gas deliverability
estimated by Buyer to be available on its
system at the time of this release; (ii)
gas that was not committed or dedicated to
interstate commerce as of November 8, 1978
(within the meaning of Section 2(18) of the
Natural Gas Policy Act), or if so committed
or dedicated gas that qualifies under Sec-
tions 102(c), 103(c), or 107(c)(1-4) of
the Natural Gas Policy Act; and (iii) gas
deliverability that is in excess of the
quantities of gas requested by Buyer, from
time to time, from Seller's interest in such
well or wells under the subject Contracts;
and Seller shall have the right to sell such
excess gas deliverability to third parties
on such day during the Release Period.
2. Buyer further agrees to release from
commitment to the Contracts during the
Release Period, subject to the prior receipt
of any necessary governmental authorizations
on terms and conditions acceptable to both
parties, any other supplies of natural gas
deliverable by Seller each day from any well
or wells committed to the performance of the
Contracts, provided that the gas released
shall be limited to (i) gas from wells,
priced at the lower of the contract price
or maximum lawful price for such gas, which
when combined with the deliverability and
contract price of the gas released under
Paragraph 1 hereof, exceeds the current
replacement cost of gas deliverability
estimated by Buyer to be available on its
system; and (ii) deliverability from such
wells which is in excess of the quantities
of gas requested by Buyer, from time to
time, during the Release Period from
Seller's interest in such wells under the
subject Contracts; and Seller shall have the
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