Contributions to the Reserve. The Grantor shall pay into the Reserve such amounts as the Grantor, acting reasonably and in accordance with prudent oil and gas industry practices, designates from time to time, as being required to fund the Reserve and which shall be paid to the Reserve prior to the fifteenth (15th) day of the second Month following the end of the Quarter in which the Grantor makes such a designation.
Appears in 4 contracts
Samples: Royalty Agreement, Royalty Agreement (Paramount Energy Trust), Royalty Agreement (Paramount Energy Trust)
