Deposits into and Withdrawals from the Escrow Account. 3.1 The Contractor shall deposit all the Revenues received by it from or in relation to Petroleum Produced and Saved into the Escrow Account under the terms of the Contract. All Revenue shall be deposited and withdrawn forthwith to and from the Account at the time and in the manner required by this Agreement.Subject in all respects to Section 3.2, until the delivery by the Government to the Escrow Bank of written notice of the occurrence of an Event of Default in the payment of the Government’s Revenue Share by the Contractorunder the Contract (with a copy to the Contractor), the Escrow Agent shall, on each Business Day that funds and monies become available in the Escrow Account, withdraw from the Escrow Account all funds and monies then on deposit therein and transfer all such amounts to an account of the Contractor as designated, in writing, by the Contractor to the Escrow Agent (with a copy to the Government). The monthly account statement of the Escrow Account shall be provided to the Government and the Contractor by the Escrow Bank.
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Samples: Model Revenue, Model Revenue, Model Revenue
