Common use of Monthly Production Reports Clause in Contracts

Monthly Production Reports. Within sixty (60) days after -------------------------- the end of each month, a monthly report, in form and substance satisfactory to the Agent, indicating the month's sales volume, sales revenues, production taxes, operating expense and net operating income from the Oil and Gas Properties, with detailed calculations and worksheets, all in form and substance satisfactory to Agent;

Monthly Production Reports. Within sixty forty-five (6045) days after -------------------------- the end of each month, a monthly report, in form and substance satisfactory to the Agent, indicating the immediately preceding month's sales volume, sales revenues, production taxes, operating expense and net operating income from or attributable to the Oil and Gas Properties, and any material gas balance liabilities of either Borrower, with detailed calculations and worksheets, and, in the case of take or pay or prepayment agreements during such month, provide copies of the same, all in form and substance satisfactory to Agent;