Common use of Advance Billings Clause in Contracts

Advance Billings. OPERATOR shall have the xxxxx xx require each PARTY to advance its respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation attributable thereto.

Appears in 1 contract

Samples: Joint Operating Agreement (Ridgewood Energy L Fund LLC)

AutoNDA by SimpleDocs

Advance Billings. OPERATOR shall have the xxxxx xx right to require each PARTY to advance its axxxxxx xts respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation attributable thereto.

Appears in 1 contract

Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC)

Advance Billings. OPERATOR shall have the xxxxx xx right to require each PARTY to advance its advaxxx xxx respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation well attributable thereto.

Appears in 1 contract

Samples: Limited Partnership Agreement (Primeenergy Corp)

Advance Billings. OPERATOR shall have the xxxxx xx right to require each PARTY to advance its axxxxxx xts respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation well attributable thereto.

Appears in 1 contract

Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC)

AutoNDA by SimpleDocs

Advance Billings. OPERATOR shall have the xxxxx xx right to require each PARTY to advance its adxxxxx xxs respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation attributable thereto.

Appears in 1 contract

Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC)

Advance Billings. OPERATOR shall have the xxxxx xx right to require each PARTY to advance its adxxxxx xxs respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation well attributable thereto.

Appears in 1 contract

Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!