Common use of Production Proceeds Clause in Contracts

Production Proceeds. Subject to the terms and conditions of the Mortgage, the Borrower will cause all production proceeds and revenues attributable to the Mortgaged Properties to be paid and deposited in the Borrower's accounts maintained with Lender, and shall not redirect initial deposit of such proceeds to any other accounts.

Appears in 2 contracts

Samples: Credit Agreement (Carrizo Oil & Gas Inc), Credit Agreement (Carrizo Oil & Gas Inc)

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Production Proceeds. Subject to the terms and conditions of the Mortgage, the Borrower will cause all production proceeds and revenues attributable to the Mortgaged Properties to be paid and deposited in the Borrower's ’s accounts maintained with Lender, and shall not redirect initial deposit of such proceeds to any other accounts.

Appears in 1 contract

Samples: Credit Agreement (Black Ridge Oil & Gas, Inc.)

Production Proceeds. Subject to the terms and conditions of the Mortgage, the The Borrower will cause all production proceeds and revenues attributable to the Mortgaged Properties to be paid and deposited in the Borrower's accounts maintained with LenderBank, and shall not redirect initial deposit the payment of such proceeds to any other accounts.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

Production Proceeds. Subject to the terms and conditions of the Mortgage, the The Borrower will cause all production proceeds and revenues attributable to the Mortgaged Properties to be paid and deposited in the Borrower's accounts maintained with LenderAdministrative Agent, and shall not redirect initial deposit the payment of such proceeds to any other accounts.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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Production Proceeds. Subject to the terms and conditions of the Mortgage, the Borrower will cause all production proceeds and revenues attributable to the Mortgaged Properties to be paid and deposited in the Borrower's accounts maintained with a Lender, and shall not redirect initial deposit of such proceeds to any other accounts.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

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