Common use of Intangible Drilling Costs Clause in Contracts

Intangible Drilling Costs. Not less than 94% of the Partnership’s subscription proceeds received from the Participants shall be used by the Partnership to pay 100% of the Intangible Drilling Costs of the Partnership’s ▇▇▇▇▇ as provided in §5.01(a)(5), including cost overruns, if any, for Intangible Drilling Costs.

Intangible Drilling Costs. Not less than 94% eighty-five percent (85%) of the Partnership’s subscription proceeds received from the Participants shall be used by the Partnership to pay 100% of the Intangible Drilling Costs of the Partnership’s ▇▇▇▇▇ as provided in §Section 5.01(a)(5), including cost overruns, if any, for Intangible Drilling Costs.