Common use of Operations Report Clause in Contracts

Operations Report. The Borrower must provide to the Agent within fifteen (15) calendar days of the last Business Day of every month (and in respect of such month), updates, in a form and substance satisfactory to the Agent in respect of each Borrowing Base Asset to include all material technical and other information in relation to each of the Borrowing Base Assets, including (for the avoidance of doubt and without limitation): (a) information in respect of any delay in achieving first gas/oil in respect of each Borrowing Base Asset for the month in question; (b) the production performance and Petroleum sales figures in respect of each Borrowing Base Asset for the month in question; (c) information in respect of all maintenance work and operational activities carried out in connection with each Borrowing Base Asset during the month in question; and (d) all forward activities anticipated in respect of the Borrowing Base Assets during the forthcoming calendar months.

Operations Report. The Borrower must provide to the Agent within fifteen (15) 15 calendar days of the last Business Day of every month (and in respect of such month), updates, in a form and substance satisfactory to the Agent in respect of each Borrowing Base Asset to include all material technical and other information in relation to each of the Borrowing Base Assets, including (for the avoidance of doubt and without limitation): (a) information in respect of any delay in achieving first gas/oil in respect of each Borrowing Base Asset for the month in question; (b) the production performance and Petroleum sales figures in respect of each Borrowing Base Asset for the month in question; (c) information in respect of all maintenance work and operational activities carried out in connection with each Borrowing Base Asset during the month in question; andand UK-2463515-v12 - 79 - 70-40474932 (d) all forward activities anticipated in respect of the Borrowing Base Assets during the forthcoming calendar months.