Unpaid Charges. If any PARTY fails to pay the charges due hereunder, including xxxxxxxx under Section 8.3, within thirty (30) days after payment is due, the PARTICIPATING PARTIES shall have the obligation, upon OPERATOR'S request, to pay the unpaid amount in proportion to their interest. Each PARTY so paying its share of the unpaid amount shall be subrogated to OPERATOR'S security rights to the extent of such payment.
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Samples: Oil and Gas Lease Agreement (Beta Oil & Gas Inc), Undivided Interest Agreement (Beta Oil & Gas Inc)
Unpaid Charges. If any PARTY fails to pay the charges due hereunder, including xxxxxxxx billings under Section 8.3, within thirty (30) days after payment is duexx xxx, the PARTICIPATING PARTIES shall have the obligation, upon OPERATOR'S request, to pay the unpaid amount in proportion to their interest. Each PARTY so paying its share of the unpaid amount shall be subrogated to OPERATOR'S security rights to the extent of such payment.
Appears in 1 contract
Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC)
Unpaid Charges. If any PARTY fails to pay the charges due hereunder, including xxxxxxxx billings under Section 8.3, within thirty (30) days after payment is dueix xxx, the PARTICIPATING PARTIES shall have the obligation, upon OPERATOR'S request, to pay the unpaid amount in proportion to their interest. Each PARTY so paying its share of the unpaid amount shall be subrogated to OPERATOR'S security rights to the extent of such payment.
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Samples: Joint Operating Agreement (Ridgewood Enengy K Fund LLC)
Unpaid Charges. If any PARTY fails to pay the charges due hereunder, including xxxxxxxx billings under Section 8.3, within thirty xxxxxx (30) days after payment is due, the PARTICIPATING PARTIES shall have the obligation, upon OPERATOR'S request, to pay the unpaid amount in proportion to their interest. Each PARTY so paying its share of the unpaid amount shall be subrogated to OPERATOR'S security rights to the extent of such payment.
Appears in 1 contract
Samples: Joint Operating Agreement (Ridgewood Energy L Fund LLC)
Unpaid Charges. If any PARTY fails to pay the charges due hereunder, including xxxxxxxx billings under Section 8.3, within thirty (30) days after payment is duexxx, the xxx PARTICIPATING PARTIES shall have the obligation, upon OPERATOR'S request, to pay the unpaid amount in proportion to their interest. Each PARTY so paying its share of the unpaid amount shall be subrogated to OPERATOR'S security rights to the extent of such payment.
Appears in 1 contract
