Common use of Reporting to Third Parties Clause in Contracts

Reporting to Third Parties. NEG shall prepare and submit to the Board of Directors of TransTexas for approval, for review, comment and execution, such reports and information to third parties (including regulatory authority, joint interest owners and institutional investors) as may be required by applicable law or TransTexas's contracts with such third parties.

Appears in 2 contracts

Sources: Management Agreement (National Energy Group Inc), Management Agreement (National Energy Group Inc)