Application of Production Proceeds. All Production Proceeds received by Mortgagee shall be applied or held by Mortgagee in accordance with the provisions of the Credit Agreement.
Appears in 2 contracts
Sources: Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.), Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.)
Application of Production Proceeds. All Production Proceeds received by Mortgagee shall be applied or held by Mortgagee in accordance with the provisions of the Credit Trust Agreement and Loan Agreement.
Appears in 1 contract
Sources: Loan Agreement