Common use of Payments and Advances Clause in Contracts

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.

Appears in 3 contracts

Samples: Association Contract, Association Contract, Association Contract

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Payments and Advances. (A) If 1.6.1 Upon approval of any Work Program and Budget, if Operator so requests, each Non-Operator must shall advance its share of estimated cash requirements for the succeeding month’s Operationsoperations. Each such Cash Call will cash call shall 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.the

Appears in 2 contracts

Samples: Joint Operating Agreement, Operating Agreement (Kosmos Energy Ltd.)

Payments and Advances. (A) If 1.6.1 Upon approval of any Work Program and Budget, if Operator so requests, each Non-Operator must shall advance its share of estimated cash requirements for the succeeding month’s Operations's operations. Each such Cash Call will cash call shall be equal to the Operator’s '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, purposes the Cash Call will cash call shall 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.months. Alliance Operating Agreement - 20F

Appears in 1 contract

Samples: Operating Agreement (Transatlantic Petroleum Corp)

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Payments and Advances. (A) If 3.1 Upon approval of any Work Program and Budget and any AFE, if Operator so requests, each Non-Operator must shall advance its share of estimated cash requirements for the succeeding month’s Operations's operations. Each such Cash Call will cash call shall be equal to the Operator’s '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 Budget, and the approved AFE, 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.

Appears in 1 contract

Samples: Farmout Agreement (Ivanhoe Energy Inc)

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