Liens and Security Interest. Wilon hereby grants R & D, as operator, a first lien and security interest in said ▇▇▇▇▇ for any unpaid charges, fees or expenditures due R & D, which remain unpaid for a period of sixty (60) days.
Appears in 2 contracts
Sources: Gas Well Operating Agreement (Wilon Resources Inc), Gas Well Operating Agreement (Wilon Resources Inc)