Common use of Payments and Advances Clause in Contracts

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. 1.7.1 Not less than ten (10) days prior to the beginning of each month, except pursuant to Turnkey contractsMonth, Operator shall furnish the Parties with a Cash Call, requesting an Advance or Advances for such month Month and showing estimated Cash Calls for the two (2) months Months immediately following that monthMonth. 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 Month under obligations properly incurred by Operator in connection with the Joint Operations and in accordance with the Agreement.