Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Paltar so requests, Nation shall advance its share of estimated cash requirements for the succeeding month's operations. Each such Cash Call shall be equal to Paltar's estimate of the money to be spent in the currencies required to perform its duties under the Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the succeeding two months detailed by the categories designated in the Work Program and Budget.
Payments and Advances. 1.6.1 Upon approval of any Work Program and Budget, if Operator so requests, each Non-Operator shall Advance its share of estimated cash requirements for the succeeding month's operations ("Cash Call"). Each such Cash Call shall be equal to the Operator's estimate of the money to be spent in the currencies required to perform its duties under the approved Work Program and Budget during the month concerned. For informational purposes the Cash Call shall contain an estimate of the funds required for the next succeeding two (2) months detailed by the categories designated in the approved Work Program and Budget submitted by Operator in accordance with Article 6.4 of the Agreement.
Payments and Advances. (A) If Operator so requests, each Non-Operator must advance its share of estimated cash requirements for the succeeding month’s Operations. Each such Cash Call will be equal to the Operator’s estimate of the money to be spent on approved work in the currencies required to perform its duties under the associated approved Work Program and Budget during the month concerned. For informational purposes, the Cash Call will contain an estimate of the funds by currency required for the succeeding two (2) Months detailed by the categories designated in the approved Work Program and Budget submitted by Operator.
Payments and Advances. Seller has not, and to the best of Seller’s knowledge no Person has, advanced funds, or induced, solicited or received any advance of funds by a Person other than the Mortgagor, directly or indirectly, for the payment of any amount required under or to obtain the Mortgage Loan, or any tax, insurance, special assessment, sewer, utility or similar payments with respect to the Mortgaged Property. The Mortgagor has made any down payment required in connection with the Mortgage Loan, and has received no concession from Seller, the seller of the Mortgaged Property or any other third Person, except as clearly disclosed in the Mortgage File and in writing to Buyer. No subordinate financing was used in the Mortgagor’s acquisition of the property securing the Mortgage Loan other than subordinate financing acceptable to Buyer, Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx, HUD, VA or applicable Takeout Investor pursuant to their requirements in effect at the time of purchase of the Mortgage Loan by the Buyer.
Payments and Advances. Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a Person other than the Borrower, directly or indirectly, for the payment of any amount required under or to obtain the Loan. The Borrower has made any down payment required in connection with the Loan, and has received no concession from Seller, the seller of the Mortgaged Property or any other third Person, except as clearly disclosed in writing to Purchaser and as permitted under Applicable Requirements.
Payments and Advances. 2.1 Grantee must submit requests for reimbursement on a state of Texas Purchase Voucher or any other form designated by HHSC.
Payments and Advances. 1.6.1 Upon approval of any Work Program, Budget and AFE, if Operator so requests, each Party shall advance its share of estimated cash requirements or pledge its share from the succeeding month’s operations. Each such cash call shall be equal to the Operator’s estimate of the money to be spent in the currencies required to perform its duties under the approved Work Program and Budget during the quarter concerned. The Operator may determine that the cash to be called for a month may be paid in separate amounts within the month, if applicable. For information purposes the cash call shall contain an estimate of the funds required for the succeeding one (1) month.
Payments and Advances. The Borrowers may, at their discretion, make payments to the FLAIR Account, which payments shall represent and be deemed to be prepayments of Floor Plan Loans for the pro rata benefit of the Floor Plan Lenders. So long as there is no continuing Default or Event of Default under this Agreement, amounts in the FLAIR Account may be readvanced to the Borrowers upon submission by the Borrowers of a written request pursuant to procedures established by the Administrative Agent. Such advances shall be subject to all the terms and conditions of this Section 2.04. Payments into the FLAIR Account are limited to two per day and advances from the FLAIR Account are limited to three per day, each transaction to be in an amount of at least $50,000; provided, the Borrowers may request an advance of less than $50,000 if such amount constitutes the entire balance in the FLAIR Account at the time of such request.
Payments and Advances. 1.7.1 Not less than ten (10) days prior to the beginning of each month, except pursuant to Turnkey contracts, Operator shall furnish the Parties with a Cash Call, requesting an Advance or Advances for such month and showing estimated Cash Calls for the two (2) months immediately following that month. The amount requested in a Cash Call shall be Operator's estimate of the amount required from the Parties to enable Operator to defray the net cash payments, being cash payments less cash receipts as adjusted for cash on hand, due in the relevant month under obligations properly incurred by Operator in connection with the Joint Operations and in accordance with the Agreement.
Payments and Advances. Upon approval of any work programme and budget, the Operator will have the right on a current basis only, to make monthly advance cash calls to all Working Interest Owners for the period covered by such work programmes and budgets. In the event of a Commercial Discovery, a monthly or other suitable time frame for cash calls and the procedures for such calls will be as adopted or determined by the Operating Committee. Each such month cash call shall be equal to Operator's estimate of the actual money required by it to perform its duties under the approved work programme and budget therefor during the month concerned. Each such call shall be made in writing detailing the payments the Operator anticipates to be required during the period covered thereby, and shall be delivered or sent by telex / fax delivered personally to all Working Interest Owners not later than 20 Days prior to the beginning of the month preceding the month when such Expenditures are to be made, and each Working Interest Owner hereto shall pay its Working Interest share of the full amount of each such cash call in cash, to the Operator not later than the first working Day of the month for which the funds are required, and if not so paid, the Working Interest Owner in default will pay an additional sum calculated on the unpaid balance at the rate of one an half percent (1.5%) per month or any fraction of a month, until paid. If a Working Interest Owner is in default of payments due by it under the Joint Operating Agreement, the applicable provisions of the Joint Operating Agreement shall apply. Cash calls shall be increased or decreased, as required by the Operator, in order to adjust for payments made on behalf of the Joint Venture for services and materials furnished by the Operator or to replace any deficit or eliminate any surplus as the case may be, of the cash funds available in the Joint Account. Funds made available to the Operator on trust are for the account of the Non-Operators and shall not be subjected to any prior lien in favor of a third party. Subject to Article XII of the Concession Agreement, all payments by Pakistani Working Interest Owners may be made in Pakistan Rupees irrespective of the currencies in which such costs and expenses are to be incurred and by foreign Working Interest Owners in United States Dollars or any other currency in which Expenditures are incurred. Subject to the provisions of the Concession Agreement, the Operator shall have the right, at any tim...
