Common use of Entirety Clause Clause in Contracts

Entirety Clause. (a) If the Lands shall hereafter be owned in severalty, the premises nevertheless shall be developed and operated as one Lease, and all royalties accruing hereunder shall be treated as an entirety, and shall be divided among and paid to such separate owners in the proportion that the undivided interest owned by such separate owner bears to the entire leased acreage. Any payment required to be made by Lessee pursuant to the foregoing shall be paid in accordance with the provisions in Section 4 hereof.

Entirety Clause. (a) If the Lands shall hereafter be owned in severalty, or in separate tracts, the premises nevertheless shall be developed and operated as one Lease, and all royalties accruing hereunder shall be treated as an entirety, and shall be divided among and paid to such separate owners in the proportion that the undivided interest acreage owned by such separate owner bears to the entire leased acreage. Any payment required to be made by Lessee pursuant to the foregoing shall be paid in accordance with the provisions in Section 4 hereof.

Entirety Clause. (a) If the Lands Property shall hereafter be owned in severalty, or in separate tracts, the premises nevertheless shall be developed and operated as one Leaselease, and all royalties accruing hereunder shall be treated as an entirety, and shall be divided among and paid to such separate owners in the proportion that the undivided interest acreage owned by such separate owner bears to the entire leased acreage. Any payment required to be made by Lessee pursuant to the foregoing shall be paid in accordance with the provisions in Section 4 hereof4, above.

Entirety Clause. (a) If lf the Lands Property shall hereafter be owned in severalty, or in separate tracts, the premises nevertheless shall be developed and operated as one Leaselease, and all royalties accruing hereunder shall be treated as an entirety, and shall be divided among and paid to such separate owners in the proportion that the undivided interest acreage owned by such separate owner bears to the entire leased acreage. Any payment required to be made by Lessee pursuant to the foregoing shall be paid in accordance with the provisions in Section 4 hereofabove.

Entirety Clause. (a) If the Lands Property shall hereafter be owned in severalty, or in separate tracts, the premises nevertheless shall be developed and operated as one Leaselease, and all royalties accruing hereunder shall be treated as an entirety, and shall be divided among and paid to such separate owners in the proportion that the undivided interest acreage owned by such separate owner bears to the entire leased acreage. Any payment required to be made by Lessee pursuant to the foregoing shall be paid in accordance with the provisions in Section 4 hereofabove.

Entirety Clause. (a) If the Lands Property shall hereafter be owned in severalty, or in separate tracts, the premises nevertheless shall be developed and operated as one Leaselease, and all royalties accruing hereunder shall be treated as an entirety, and shall be divided among and paid to such separate owners in the proportion that the undivided interest acreage owned by such separate owner bears hears to the entire leased acreage. Any payment required to be made by Lessee pursuant to the foregoing shall be paid in accordance with the provisions in Section 4 hereofabove.