Production Project Operating Report Clause Samples

Production Project Operating Report. Within sixty (60) days after the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2025, the Borrower shall deliver an operating report with respect to the Production Project and production at LRWV, setting forth a statement of gross and net production from the Production Project, LRWV and any third party sales proceeds of all Hydrocarbons produced from the Hydrocarbon Interests during such Fiscal Quarter (and, in the case of the first such report, the period between the Effective Date and the end of such Fiscal Quarter, if any) substantially in the form of Exhibit O-2 (the “Production Project Operating Report”), together with a comparison against the gross and net production and third party sales proceeds projected for such period in the then-current Production Project Operating Report and such other information as the Administrative Agent may reasonably request in respect of the development, construction, operation and/or maintenance of the Production Project and the Hydrocarbon Interests.