Proceeds of Production. Borrowers shall not redirect the payment of the proceeds of production from the Oil and Gas Properties to anyone or any place other than to the Operating Accounts at the Agent.
Appears in 2 contracts
Sources: Credit Agreement (3tec Energy Corp), Credit Agreement (3tec Energy Corp)
Proceeds of Production. Borrowers shall not redirect the payment ---------------------- of the proceeds of production from the Oil and Gas Properties to anyone or any place other than to the Operating Accounts at the Agent.
Appears in 1 contract
Sources: Credit Agreement (3tec Energy Corp)