Cash Call. Notwithstanding the provisions of the Loss Notices and Settlements Article, upon the request of the Company, the Reinsurer shall pay any amount with regard to a loss settlement or settlements that are scheduled to be made (including any payments projected to be made) within the next 20 days by the Company, subject to receipt by the Reinsurer of a satisfactory proof of loss. Such agreed payment shall be made within 10 days from the date the demand for payment was transmitted to the Reinsurer.
Cash Call. Not less than ten (10) days prior to the beginning of any Month in respect of which the Operator requires funds, the Operator shall furnish the Parties with a Cash Call requesting an Advance or Advances for such Month. The amount requested in a Cash Call shall be the Operator's estimate of the amount required from the Parties to enable the Operator to defray the net cash payments, being cash payments less cash receipts, due in the relevant Month under obligations properly incurred by the Operator in connection with the Joint Operations.
Cash Call. As defined in Section 4.2.
Cash Call. In the event incurred Losses from Section 2 (Crop Hail) exceed 68.75% of Net Written Premium after 8/31/99, the Reinsurer will remit to the Company any balance due within 30 days of the Company's request for payment.
Cash Call. At any time after an Initial Public Offering of equity stock by the Corporation, and from time to time thereafter, the Corporation shall have the right (the “Cash Call Right”) to call for the exercise of some or all of the Lower Capped Warrants and the Upper Capped Warrants and to purchase, in the aggregate, (i) the shares of TRC Common Stock issuable upon exercise of the Lower Capped Warrants (the “Lower Capped Shares”) pursuant to the Cash Call Right at a price per Lower Capped Share that is equal to the Exercise Price Per Warrant plus the Lower Cap Premium (the “Lower Capped Share Price”) and (ii) the shares of TRC Common Stock issuable upon exercise of the Upper Capped Warrants (the “Upper Capped Shares”) pursuant to the Cash Call Right at a price per Upper Capped Share that is equal to the Exercise Price Per Warrant plus the Upper Cap Premium (the “Upper Capped Share Price”). The Lower Capped Shares and Upper Capped Shares shall be purchased by the Corporation from all the Holders on a pro rata basis as determined based on each Holder’s ownership of Warrants on the date set for such exercise (the “Call Exercise Date”) in accordance with the provisions set out in Section 5.3.
Cash Call. In addition to the rights granted Operator under Article VII.C., Operator shall have the right to issue a Cash Call in any well proposed under the terms of Article VLB. The Cash Call shall be in the form of an invoice, due and payable upon receipt by Non-Operator, and shall include a copy of the Cost Estimate from which said Cash Call is being made. The amount of the Cash Call shall be determined by the "dry hole" cost set forth in the Cost Estimate and each Non-Operator shall be invoiced for his proportionate working interest shall of that cost. All Cash Call monies must be received prior to the commencement of drilling operations for the well. Failure to pay the Cash Call prior to commencement of drilling operations may be considered, at the sold discretion of the Operator, as an election not to participate in the drilling of the well, notwithstanding any previous consent received pursuant to Article VLB., and the Non-Operator's interest shall be governed by the terms of Article XV.G and Article VI.B.2.
Cash Call. A. Article XI notwithstanding, in the event of a settlement of an individual specific or aggregate claim, including commutation of a Policy, exceeding two hundred thousand dollars ($200,000) for the Reinsurer's share thereof, the Company may submit a demand for immediate funding by the Reinsurer.
B. The Reinsurer shall remit payment of demands for cash funding within five (5) days of its receipt of the Company's demand.
Cash Call. Regardless of anything contained herein to the contrary, Mesa is not required to begin any operation unless and until Payson’s invoice(s) therefore have been paid in full and the funds have been received by Mesa. Although an exception may be made at Mesa’s sole discretion, payment must be received at least five (5) days before any drilling or pre-drilling operation begins and three (3) days before any completion or other subsequent operation begins. Mesa will deposit all funds received from Payson in a separate account with Sovereign Bank in Dallas, Texas or at another bank upon mutual agreement of the parties. All Payson funds will remain in this segregated account until required by Mesa to pay expenses authorized and approved by Payson in accordance with this Agreement. If Payson approves the commencement of operations, Mesa may elect to proceed prior to the receipt of funds, provided, however, Payson shall remain fully liable to provide such funding.
Cash Call. Invasion shall be allowed to cash call the Farmee for its proportionate share of the estimated AFE costs associated with drilling the Earning Well.
Cash Call. Tothe extent a Member is unable to meet a cash call, the other Members can contribute the unmet call on a pro rata basis based on the Members’ percentage interests at that time, and the percentage interest of LLC of each Member will be adjusted accordingly. After the first incidence of unmet contribution, each subsequent incidence will result in a 5 percentage reduction in the interest of the LLC for the default Member. If the other members cannot contribute the additional cash required, the member unable to contribute will have no choice but to give personal guarantee for his/her portion of cash and arrange it from other sources including disposition of other assets he owns/has a share in including personal assets. Each member personally guarantees that he/she will meet his/her share of all the LLC obligations including debt; this includes in the period in which a member might be looking to sell his/her interest.
