Laserfiche WebLink
~, <br />2.6 Finn ncin ,. InCorr. ation.: <br />a. At the time each production royalty pa}•ment here- <br />under is paid and delivered to Energy Capital, <br />Arness shall deliver to Energy Capital an accounting <br />reflecting its total coal sales from the Ccal <br />Interests for the prec cding quarter, its computation <br />of the Cross Proceeds of Pli ning for the prrcefi ing <br />quarter with respect to which production royalties <br />are payable hereunder, and summarizing its compu- <br />tation of the payment then due to Er.e rgy Capital. <br />b. Arness shall ma Y.e available to Energy Capital at <br />the time the same are delivered to local., state or <br />federal authorities, any and all reports required <br />to be filed by it with respect to production on <br />which production royalties are payable to Energy <br />Capital hereunder. <br />c. With-respect to any period when production ro}~a lties <br />are earned by or are payable to Energy Capital <br />hereunder, if requested by Energy Capital, Arness <br />shall deliver to Energy Capital once each year a <br />certificate signed by Arness, by a financial <br />officer of Arness, or Arness' independent certified <br />public accountants showing its computation of <br />Gross Proceeds of Ffining for federal income tax <br />purposes for its preceding tax year. <br />ARTICLE III <br />TITLE <br />The provisions of Article III as set Forth in the <br />Exploration and Development Agreement dat:cd October G, 1976 <br />arc hereby incorporated herein bl• this reference. In tl~e <br />event that a Citle defect is discover erl prior to tlic execution <br />of this Sublease the provisions of such Article III shall <br />apply. <br />-7- <br />