Common use of Discharge of Joint Account Obligations Clause in Contracts

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.

Appears in 4 contracts

Samples: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)

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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 agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit “C”. C.” Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.

Appears in 3 contracts

Samples: Purchase and Sales Agreement, Operating Agreement (American Standard Energy Corp.), Purchase and Sales Agreement (Imperial Petroleum Inc)

Discharge of Joint Account Obligations. Except as herein otherwise specifically providedprovided in this agreement, Operator shall promptly pay and discharge expenses incurred in the development and operation of the Contract Area pursuant to this Agreement agreement and shall charge each of the parties hereto with their respective proportionate shares upon on the expense basis provided in Exhibit “C”. C.” Operator shall keep an accurate record of the joint account hereunderunder this agreement, showing expenses incurred and charges and credits made and received.

Appears in 2 contracts

Samples: Joint Operating Agreement, Operating Agreement (New Source Energy Corp)

Discharge of Joint Account Obligations. Except as herein otherwise specifically providedprovided in this Agreement, 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 on the expense basis provided in Exhibit “C”. C.” Operator shall keep an accurate record of the joint account hereunderunder this Agreement, showing expenses incurred and charges and credits made and received.

Appears in 2 contracts

Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Golden Lane Participation Agreement (New Source Energy Corp)

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 agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit “C”. "C." Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received. Attached to and made a part of Exhibit C hereto shall be Addenda indicating the direct charges and overhead for specified regions within the Contract Area.

Appears in 2 contracts

Samples: Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)

Discharge of Joint Account Obligations. Except as herein otherwise specifically providedprovided in this Agreement, 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 Parties with their respective proportionate shares upon on the expense basis provided in Exhibit “C”. B. Operator shall keep an accurate record of the joint account hereunderunder this Agreement, showing expenses incurred and charges and credits made and received.

Appears in 2 contracts

Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)

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 agreement and shall charge each of the parties hereto Parties with their respective proportionate shares upon the expense basis provided in Exhibit "C" and as allocated by Project Area and each Party’s interest in such Project Areas of the date such expense was incurred. Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.

Appears in 1 contract

Samples: Operating Agreement (Megawest Energy Corp.)

Discharge of Joint Account Obligations. Except as herein Unless specifically provided otherwise specifically providedin this Agreement, Operator shall promptly pay and discharge expenses incurred in the development and operation operations of the Contract Area pursuant to this Agreement Agreement, and shall charge each of the parties hereto Parties with their respective proportionate shares upon on the expense basis provided in Exhibit “C”. C.” Operator shall keep an accurate record of the joint account hereunderaccount, showing expenses incurred and charges and credits made and received.

Appears in 1 contract

Samples: Operating Agreement (West Texas Resources, Inc.)

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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 agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit “C”. C.” Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received. Attached to and made a part of Exhibit C hereto shall be Addenda indicating the direct charges and overhead for specified regions within the Contract Area.

Appears in 1 contract

Samples: Operating Agreement (EV Energy Partners, LP)

Discharge of Joint Account Obligations. Except as herein otherwise specifically provided, Operator shall promptly pay and discharge expenses incurred in the development and operation operations of the Contract Area pursuant to this Agreement agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit “C”. C.” Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.

Appears in 1 contract

Samples: Farmout Agreement (PetroSouth Energy Corp.)

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 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.. Attached to and made a part of Exhibit C hereto shall be Addenda indicating the direct charges and overhead for specific regions within the **

Appears in 1 contract

Samples: Operating Agreement (Belden & Blake Corp /Oh/)

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 agreement and shall charge each of the parties hereto with their respective proportionate shares upon the expense basis provided in Exhibit “C”. "C." Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.

Appears in 1 contract

Samples: Operating Agreement (Explortex Energy Inc.)

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 “CB”. Operator shall keep an accurate record of the joint account hereunder, showing expenses incurred and charges and credits made and received.

Appears in 1 contract

Samples: Operating Agreement (Egpi Firecreek, Inc.)

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