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 PB in accordance with the terms of the Participation Agreement; (b) keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Participation Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive pursuant to the Participation Agreement; 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: Assignment Agreement (Micron Enviro Systems Inc), Sub Participation Agreement (Fairchild International Corp)