COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall: (a) upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement; (b) keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Farmout Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive of the Second Program; and (c) upon ▇▇▇▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇▇▇▇.
Appears in 2 contracts
Sources: Participation Agreement (Patch Energy Inc), Participation Agreement (Fairchild International Corp)
COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall:
(a) : upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement;
(b) ; keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Farmout Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive of the Second ProgramTest ▇▇▇▇▇; and
(c) and upon ▇▇▇▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇▇▇▇.
Appears in 1 contract
Sources: Participation Agreement (Fairchild International Corp)
COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall:
(a) upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement;
(b) keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Farmout Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive of the Second ProgramTest ▇▇▇▇▇; and
(c) upon ▇▇▇▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇▇▇▇.
Appears in 1 contract
COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall:
(a) : upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement;
(b) ; keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Farmout Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive of the Second Program; and
(c) and upon ▇▇▇▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇▇▇▇.
Appears in 1 contract
Sources: Participation Agreement (Fairchild International Corp)