Common use of Records, Statements and Reports Clause in Contracts

Records, Statements and Reports. Mortgagor will keep proper books of record and account in which complete and correct entries will be made of Mortgagor's transactions in accordance with generally accepted accounting principles and will furnish or cause to be furnished to each Secured Debt Representative such information concerning the business, affairs and financial condition of Mortgagor as required under the Secured Debt Documents. Without limiting the generality of the foregoing, Mortgagor shall furnish to Beneficiary and each Secured Debt Representative, but not more than every six (6) months: (a) reports prepared by a reputable national independent petroleum engineer regularly engaged by Mortgagor for such purposes or other engineering firm acceptable to the Credit Agreement Agent concerning (1) the quantity of Hydrocarbons recoverable from the Mortgaged Property, (2) the projected income and expense attributable to the Mortgaged Property, and (3) the expediency of any change in methods of treatment or operation of all or any xxxxx productive of Hydrocarbons, any new drilling or development, any method of secondary recovery by repressuring or otherwise, or any other action with respect to the Mortgaged Property, the decision as to which may increase or reduce the quantity of Hydrocarbons ultimately recoverable or the rate of production thereof, and (b) reports for the prior period showing the gross proceeds from the sale of Hydrocarbons produced from the lands described in Exhibit A (including any thereof taken by Mortgagor for Mortgagor's own use), the quantity of such Hydrocarbons sold, the severance, gross production, occupation, or gathering taxes deducted from or paid out of such proceeds and the number of xxxxx operated, drilled or abandoned.

Records, Statements and Reports. Mortgagor will keep proper books of record and account in which complete and correct entries will be made of Mortgagor's transactions in accordance with generally accepted accounting principles and will furnish or cause to be furnished to each Secured Debt Representative such information concerning the business, affairs and financial condition of Mortgagor as required under the Secured Debt Documents. Without limiting the generality of the foregoing, Mortgagor shall furnish to Beneficiary and each Secured Debt Representative, but not more than every six (6) months: (a) reports prepared by a reputable national independent petroleum engineer regularly engaged by Mortgagor for such purposes or other engineering firm acceptable to the Credit Agreement Agent concerning (1) the quantity of Hydrocarbons recoverable from the Mortgaged Property, (2) the projected income and expense attributable to the Mortgaged Property, and (3) the expediency of any change in methods of treatment or operation of all or any xxxxx wells productive of Hydrocarbons, any new drilling or development, any method axx xxthod of secondary recovery by repressuring or otherwise, or any other action with respect to the Mortgaged Property, the decision as to which may increase or reduce the quantity of Hydrocarbons ultimately recoverable or the rate of production thereof, and (b) reports for the prior period showing the gross proceeds from the sale of Hydrocarbons produced from the lands described in Exhibit A (including any thereof taken by Mortgagor for Mortgagor's own use), the quantity of such Hydrocarbons sold, the severance, gross production, occupation, or gathering taxes deducted from or paid out of such proceeds and the number of xxxxx wells operated, drilled or abandoned.

Records, Statements and Reports. Mortgagor will keep proper books of record and account in which complete and correct entries will be made of Mortgagor's transactions in accordance with generally accepted accounting principles and will furnish or cause to be furnished to each Secured Debt Representative the Agent such information concerning the business, affairs and financial condition of Mortgagor as required under the Secured Debt DocumentsTrustees or the Agent may from time to time reasonably request. Without limiting the generality of the foregoing, Mortgagor shall furnish to Beneficiary and each Secured Debt Representativethe Agent upon its request, but not more than every six (6) months: (a) reports prepared by a reputable national an independent petroleum engineer regularly engaged by Mortgagor for such purposes or other engineering firm acceptable to the Credit Agreement Agent concerning (1) the quantity of Hydrocarbons recoverable from the Mortgaged Property, (2) the projected income and expense attributable to the Mortgaged Property, and (3) the expediency of any change in methods of treatment or operation of all or any xxxxx wells productive of Hydrocarbons, any new drilling or development, any method xxx xethod of secondary recovery by repressuring or otherwise, or any other action with respect to the Mortgaged Property, the decision as to which may increase or reduce the quantity of Hydrocarbons ultimately recoverable or the rate of production thereof, and (b) reports for the prior period showing the gross proceeds from the sale of Hydrocarbons produced from the lands described in Exhibit A (including any thereof taken by Mortgagor for Mortgagor's own use), the quantity of such Hydrocarbons sold, the severance, gross production, occupation, or gathering taxes deducted from or paid out of such proceeds and proceeds, the number of xxxxx wells operated, drilled or abandoned, and such other information xx xhe Agent may reasonably request (upon request of the Agent, such reports referred to in clauses (a) and (b) above shall set forth such information on a lease or unit basis, and after the occurrence of an Event of Default, and upon the Agent's request, Mortgagor shall deliver the reports described in clause (b) on a monthly basis).

Records, Statements and Reports. The Mortgagor will keep proper books of record and account in which complete and correct entries will be made of the Mortgagor's ’s transactions in accordance with generally accepted accounting principles and and, subject to Section 8.1.5 of the Credit Agreement, will furnish or cause to be furnished to each Secured Debt Representative the Administrative Agent or any Lender Party such information concerning the business, affairs and financial condition of the Mortgagor as required under the Secured Debt DocumentsAdministrative Agent or such Lender Party may from time to time reasonably request. Without limiting the generality of the foregoing, the Mortgagor shall furnish to Beneficiary and each Secured Debt Representativethe Administrative Agent or any Lender Party (a) upon its request, but not more than every six (6) months: (a) , reports prepared by a reputable national independent petroleum an engineer regularly engaged by Mortgagor for such purposes or other engineering firm reasonably acceptable to the Credit Agreement Administrative Agent concerning (1) the quantity of Hydrocarbons recoverable from the Mortgaged Property, (2) the projected income and expense attributable to the Mortgaged Property, and (3) the expediency of any change in methods of treatment or operation of all or any xxxxx productive of Hydrocarbons, any new drilling or development, any method of secondary recovery by repressuring or otherwise, or any other action with respect to the Mortgaged Property, the decision as to which may increase or reduce the quantity of Hydrocarbons ultimately recoverable or the rate of production thereof, and (b) reports for the prior period monthly, a report showing the gross proceeds from the sale of Hydrocarbons produced from the lands described in Exhibit A (including any thereof taken by the Mortgagor for the Mortgagor's ’s own use), the quantity of such Hydrocarbons sold, the severance, gross production, occupation, or gathering taxes deducted from or paid out of such proceeds and proceeds, the number of xxxxx operated, drilled or abandoned, and such other information as the Administrative Agent may reasonably request (upon request of the Administrative Agent or such Lender Party, such reports referred to in clauses (a) and (b) above shall set forth such information on a lease or unit basis), provided that to the extent the items required above are required by the Credit Agreement, delivery pursuant to the Credit Agreement will comply with this provision.

Records, Statements and Reports. The Mortgagor will keep proper books of record and account in which complete and correct entries will be made of the Mortgagor's transactions in accordance with generally accepted accounting principles and will furnish or cause to be furnished to each Secured Debt Representative the Agent such information concerning the business, affairs and financial condition of the Mortgagor as required under the Secured Debt DocumentsAgent may from time to time reasonably request. Without limiting the generality of the foregoing, the Mortgagor shall furnish to Beneficiary and each Secured Debt Representativethe Agent, upon its request, but not more than every six (6) months: , (a) reports prepared by a reputable national an independent petroleum engineer regularly engaged by Mortgagor for such purposes or other engineering firm acceptable to the Credit Agreement Agent concerning (1) the quantity of Hydrocarbons recoverable from the Mortgaged Property, (2) the projected income and expense attributable to the Mortgaged Property, and (3) the expediency of any change in methods of treatment or operation of all or any xxxxx wells productive of Hydrocarbons, any new drilling or developmentdevelopxxxx, any method of secondary recovery by repressuring or otherwise, or any other action with respect to the Mortgaged Property, the decision as to which may increase or reduce the quantity of Hydrocarbons ultimately recoverable or the rate of production thereof, and (b) reports for the prior period showing the gross proceeds from the sale of Hydrocarbons produced from the lands described in Exhibit A (including any thereof taken by the Mortgagor for the Mortgagor's own use), the quantity of such Hydrocarbons sold, the severance, gross production, occupation, or gathering taxes deducted from or paid out of such proceeds and proceeds, the number of xxxxx wells operated, drilled or abandoned, and such other informatiox xx the Agent may reasonably request (upon request of the Agent, such reports referred to in clauses (a) and (b) above shall set forth such information on a lease or unit basis, and after the occurrence of an Event of Default, and upon the Agent's request, Mortgagor shall deliver the reports described in clause (b) on a monthly basis).

Records, Statements and Reports. Mortgagor will keep proper books of record and account in which complete and correct entries will be made of Mortgagor's transactions in accordance with generally accepted accounting principles and will furnish or cause to be furnished to each Secured Debt Representative such information concerning the business, affairs and financial condition of Mortgagor as required under the Secured Debt Documents. Without limiting the generality of the foregoing, Mortgagor shall furnish to Beneficiary Mortgagee and each Secured Debt Representative, but not more than every six (6) months: (a) reports prepared by a reputable national independent petroleum engineer regularly engaged by Mortgagor for such purposes or other engineering firm acceptable to the Credit Agreement Agent concerning (1) the quantity of Hydrocarbons recoverable from the Mortgaged Property, (2) the projected income and expense attributable to the Mortgaged Property, and (3) the expediency of any change in methods of treatment or operation of all or any xxxxx wells productive of Hydrocarbons, any new drilling or development, any method axx xxthod of secondary recovery by repressuring or otherwise, or any other action with respect to the Mortgaged Property, the decision as to which may increase or reduce the quantity of Hydrocarbons ultimately recoverable or the rate of production thereof, and (b) reports for the prior period showing the gross proceeds from the sale of Hydrocarbons produced from the lands described in Exhibit A (including any thereof taken by Mortgagor for Mortgagor's own use), the quantity of such Hydrocarbons sold, the severance, gross production, occupation, or gathering taxes deducted from or paid out of such proceeds and the number of xxxxx wells operated, drilled or abandoned.