Amounts Received. (a) In the event the Trustee and Paying Agent receives any amount from any person which amount is not designated for the Etame Revenue Account or for any other account established or to be established hereunder, or an amount in relation to which it has not received a notification from the Operator, the Trustee and Paying Agent shall request instructions from the Operator as to the proper account designation of the amount received and shall deposit such amount in the account or accounts specified in the designation given by the Operator. (b) If the Operator receives any sum which, pursuant to this Agreement, should have been paid to the Trustee and Paying Agent, that sum shall be held by the Operator on trust for the Beneficiaries and shall promptly be paid to the Trustee and Paying Agent in accordance with this Agreement.
Appears in 2 contracts
Sources: Deed of Novation (Vaalco Energy Inc /De/), Trustee and Paying Agent Agreement (Vaalco Energy Inc /De/)