Common use of No Duty to Administer or Advance Funds Clause in Contracts

No Duty to Administer or Advance Funds. Beneficiary shall not be required to supervise or administer, and Beneficiary agrees to not interfere with, Producer’s or Completion Guarantor’s use of the proceeds of any Production Advances. A RTICLE 5 - PRODUCTION AND DELIVERY

Appears in 3 contracts

Samples: Completion Guaranty, Completion Guaranty, Completion Guaranty

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No Duty to Administer or Advance Funds. Beneficiary shall not be required to supervise or administer, and Beneficiary Xxxxxxxxxxx agrees to not interfere with, Producer’s or Completion Guarantor’s use of the proceeds of any Production Advances. A RTICLE 5 - PRODUCTION AND DELIVERY.

Appears in 2 contracts

Samples: Completion Guaranty, Completion Guaranty

No Duty to Administer or Advance Funds. No Beneficiary shall not be required to supervise or administer, and each Beneficiary agrees to not interfere with, Producer’s or Completion Guarantor’s use of the proceeds of any Production Advances. A RTICLE 5 - PRODUCTION AND DELIVERY

Appears in 1 contract

Samples: Completion Guaranty

No Duty to Administer or Advance Funds. Beneficiary shall not be required to supervise or administer, and Beneficiary agrees to not interfere with, Producer’s or Completion Guarantor’s use of the proceeds of any Production Advances. A RTICLE 5 - PRODUCTION AND DELIVERYAdvance.

Appears in 1 contract

Samples: Completion Guaranty

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No Duty to Administer or Advance Funds. Beneficiary shall not be required to supervise or administer, and Beneficiary agrees to not interfere with, Producer’s or Completion Guarantor’s use of the proceeds of any Production AdvancesAdvance. A RTICLE 5 - PRODUCTION AND DELIVERY

Appears in 1 contract

Samples: Completion Guaranty

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