Common use of Cash Calls Clause in Contracts

Cash Calls. Cash calls or funds advances will be placed by the Operator to each of the Parties on the basis of obligations assumed by the Joint Operation for the month immediately following the cash call, consulting the Budget approved by the last Executive Committee and the projected cash flow. Cash calls under this Clause will be deposited in a bank account opened by the Operator for such purpose to be exclusively used by the Joint Operation. Cash calls preparation and submittal shall be subject to the following requirements:

Cash Calls. Cash calls or funds advances will be placed by the Operator to Operatorto each of the Parties on the basis of obligations assumed by the Joint Operation for the month immediately following the cash call, consulting the Budget approved by the last Executive Committee and the projected cash flow. Cash calls under this Clause will be deposited in a bank account opened by the Operator for such purpose to be exclusively used by the Joint Operation. Cash calls preparation and submittal shall be subject to the following requirements:

Cash Calls. Cash calls or funds advances fundx xxvances will be placed by the Operator to each of the Parties on the basis of obligations assumed by the Joint Operation for the month immediately following the cash call, consulting the Budget approved by the last Executive Committee and the projected cash flow. Cash calls under this txxx Clause will be deposited in a bank account opened by the Operator for such purpose to be exclusively used by the Joint Operation. Cash calls preparation and submittal shall be subject to the following requirements:

Cash Calls. Cash The requests for advances of funds or cash calls or funds advances will shall be placed made by the Operator to each of the Parties Parties, based on the basis of obligations assumed entered into by the Joint Operation for the month immediately following the cash callone of the request, consulting referring to the quarterly Budget approved by the last latest Executive Committee and the projected forecast cash flowflows. Cash The management of the advances or cash calls under that this Clause will refers to shall be deposited in made through a bank account opened by that the Operator shall establish for such purpose to be exclusively used purpose, for the exclusive use by the Joint Operation. Cash calls In the preparation and submittal shall be subject to of the requests for advances or cash calls, the following requirementsrequirements are to be followed: