Discharge of Joint Account Obligations Sample Clauses

Discharge of Joint Account Obligations. Except as herein otherwise specifically provided, Operator shall promptly pay and discharge expenses incurred in the development and operation of the Contract Area pursuant to this Agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit “C”. Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.
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Discharge of Joint Account Obligations. Except as herein otherwise specifically provided, Operator shall promptly pay and discharge expenses incurred in the development and operation of the Contract Area pursuant to this agreement, and shall charge each of the parties hereto with their respective share of the expenses as provided hereto in Exhibit "B". Operator shall keep an accurate record of the Joint Account hereunder, showing expenses incurred and charges and credits made and received. NON-OPERATORS ARE REQUIRED TO PAY THEIR PROPORTIONATE SHARE OF ALL OPERATING EXPENSES WITHIN 10 DAYS OF RECEIPT OF THE J.I.B. (JOINT INTEREST BILLING).
Discharge of Joint Account Obligations. Except as herein otherwise specifically provided, the Manager of Operations shall cause to be promptly paid and discharge expenses incurred in the development and operation of the Area of Mutual Interest pursuant to this agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit "C." MontCrest Energy, Inc. shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.

Related to Discharge of Joint Account Obligations

  • Client Obligations 3.1 The Client shall:

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

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