POGM definition
Examples of POGM in a sentence
Each of the Borrower and each Guarantor shall use its best efforts to cause all other Hydrocarbon Purchasers and POGM to execute the payment notifications to confirm their agreement to remit all proceeds from sales of all production from or allocable to the Mortgaged Properties into the applicable deposit account within thirty (30) days after the Effective Date.
Each of the Borrower and each Guarantor shall use its best efforts to cause all Hydrocarbon Purchasers and POGM (and any successor thereto acceptable to the Administrative Agent in its reasonable discretion) to execute the payment notifications to confirm their agreement to remit all proceeds from sales of all production from or allocable to the Mortgaged Properties into the applicable deposit account within thirty (30) days after the Effective Date.
Each of the Borrower and each Designated Borrower shall use its best efforts to cause all other Hydrocarbon Purchasers, as well as POGM, to execute the assignment notifications to confirm their agreement to remit all proceeds from sales of all production from or allocable to the Mortgaged Properties of the Borrower and such Designated Borrowers into the applicable deposit account within thirty (30) days after the Effective Date.
No Person other than an officer of a Loan Party shall be permitted to be a signatory on any Deposit Account or Securities Account; provided, that THG and HOG shall be permitted to allow POGM to share joint signatory authority on any POGM Deposit Account for so long as such POGM Deposit Account is subject to a Deposit Account Control Agreement.