DELAY RENTAL. To pay Lessor as Delay Rental, after the first year, at the rate of five dollars ($5.00) per net acre per year payable in advance. The parties hereto agree that this is a Paid-Up Lease with no further Delay Rental and/or Delay in Marketing payments due to Lessor during the primary term hereof.
DELAY RENTAL. If production in paying quantities of the named material has not been obtained on or before one (1) year after the date of this lease, then this lease shall terminate unless LESSEE, on or before that date, pays in the manner prescribed in Section 27 of this lease the following sum: Per Acre Amount Total Amount $ 50.00 $ 4,500.00 In a like manner and upon payment of the amounts set out below on or before the corresponding anniversary dates of this lease, LESSEE may defer the commencement of said production for successive periods of one (1) year each during the primary term hereof: Per Acre Amount Total Amount Anniversary Date 2013 -2014 $ 50.00 $ 4 500.00 Anniversary Date 2015 - 2019 $ 75.00 $ 6 750.00 Anniversary Date 2020 - 2024 $ 150.00 $ 13 500.00 Anniversary Date 2025 - 2029 $ 200.00 $ 18 000.00 Payments under this section shall act as a rental and shall cover the privilege of deferring commencement of production in paying quantities of the named material for one (1) year from the corresponding anniversary date.
DELAY RENTAL. To pay Lessor as Delay Rental at the rate of Two and 00/100ths dollars ($2.00) per net mineral acre per year payable annually in advance, beginning on PAID-UP, 2006, and continuing thereafter until the commencement of Royalty payments. Delay Rental paid for time beyond the commencement date of Royalty payment shall be credited upon the Royalty payment. Upon conversion to Storage, Delay Rental payment shall be reestablished.
DELAY RENTAL. If, at any time during the Extended Term, all activities are continuously suspended for sixty (60) days or more upon and with respect to the Property, Lessee shall pay Lessor a delay rental of Fifteen Hundred ($1,500.00) commencing sixty (60) days following the first day of such suspension and a like sum every twelve (12) months thereafter so long as the suspension continues. The extended Term of this Agreement shall remain in effect provided the delay rental payments are made. Nothing herein shall relieve Lessee of the duty to make Minimum Payments as provided in Section 4.
DELAY RENTAL. 3.01. Beginning on the first day of August, 2008, and thereafter on the first day of each November, February and May until Lessee has begun marketing coalbed methane and paying Lessors production royalty therefor pursuant to Paragraph 2.01, Lessee shall pay unto Lessors a delay rental in the amount of $180.00 each calendar quarter. Lessee shall not be entitled to take as a credit against production royalties due when Lessee markets coalbed methane any delay rentals paid pursuant to this paragraph. Payment shall be made by checks directed to Lessors at the addresses set forth in Paragraph 8.03.
DELAY RENTAL. If production in paying quantities of the named material has not been obtained on or before one (1) year after the date of this lease, then this lease shall terminate unless LESSEE, on or before that date, pays in the manner prescribed in Section 27 of this lease the following sum: Per Acre Amount Total Amount $ $ In a like manner and upon payment of the amounts set out below on or before the corresponding anniversary dates of this lease, LESSEE may defer the commencement of said production for successive periods of one (1) year each during the primary term hereof: Per Acre Amount Total Amount Anniversary Date $ $ Payments under this section shall act as a rental and shall cover the privilege of deferring commencement of production in paying quantities of the named material for one (1) year from the corresponding anniversary date. LESSEE is expressly placed on notice of the National Historical Preservation Act of 1966, (PB-89-66, 80 Statute 915; 16 U.S.C.A. §470) and the Antiquities Code of Texas, Chapter 191, Tex. Nat. Res. Code Xxx. (Xxxxxx 1996 Supp.). Before breaking ground at a project location, lessee shall notify the Texas Historical Commission, P.O. Box 12276, Austin, Texas 78711. An archaeological survey might be required by the commission before construction of the project can commence. Further, in the event that any site, object, location, artifact or other feature of archaeological, scientific, educational, cultural or historic interest is encountered during the activities authorized by this lease, lessee will immediately notify lessor and the Texas Historical Commission so that adequate measures may be undertaken to protect or recover such discoveries or findings, as appropriate.
DELAY RENTAL. If production in paying quantities of the named material has not been obtained on or before one (1) year after the date of this lease, then this lease shall terminate unless LESSEE, on or before that date, pays in the manner prescribed in Section 32 of this lease the following sum: Per Acre Amount Total Amount $ $ In a like manner and upon payment of the amounts set out below on or before the corresponding anniversary dates of this lease, LESSEE may defer the commencement of said production for successive periods of one (1) year each during the primary term hereof: Per Acre Amount Total Amount Anniversary Date $ $ Anniversary Date $ $ (Add more if necessary) Payments under this section shall act as a rental and shall cover the privilege of deferring commencement of production in paying quantities of the named material for one (1) year from the corresponding anniversary date.
DELAY RENTAL. To pay Lessor a Paid-Up Delay Rental and Signing Bonus at the rate of Dollars ($ .00) per net mineral acre. (B.)
DELAY RENTAL. The parties hereto agree that this is a Paid-Up Lease with no further Delay Rental and/or Delay in Marketing payments due to Lessor during the primary term hereof.
DELAY RENTAL. In the event that Lessee fails after the first year or subsequent years of the Lease to drill a well on the Leased Premises or property pooled with the Leased Premises, Lessee shall pay a non-refundable Delay Rental at the rate of ten (10) percent of the initial signing bonus and increasing ten (10) percent per acre or portion of an acre per year thereafter until drilling has commenced. Payment will be made by Lessee within thirty (30) days of the one year anniversary or subsequent year anniversaries of this Lease. If no well is drilled on the Leased Premises or property pooled with the Leased Premises within five years of the execution of the Lease by Lessor, the Lease will automatically expire and Lessee will take the steps set forth in Paragraph 6 above, which are incorporated herein as if fully rewritten, to transfer the oil, gas, condensate and/or liquid hydrocarbon rights to Lessor and to vacate the Leased Premises. Lessor reserves the right to seek any and all remedies set forth in Paragraph 6 and any other legal remedy if the Lease is terminated under this paragraph.
