Common use of NON-CONCURRENCE IN PAYMENTS Clause in Contracts

NON-CONCURRENCE IN PAYMENTS. Should any PARTY(S) not concur in the payment of any rental, minimum royalty or similar payment, such PARTY(S) shall notify OPERATOR and all other owners in writing at least sixty (60) days prior to the date on which such payment is due or accrues; and, in this event OPERATOR shall make such payment for the benefit of all concurring

Appears in 2 contracts

Sources: Undivided Interest Agreement (Beta Oil & Gas Inc), Oil and Gas Lease Agreement (Beta Oil & Gas Inc)