Common use of Expiring Options Clause in Contracts

Expiring Options. If any lease options covered hereby will expire prior to completion of the Seismic Operations contemplated herein, Operator shall use its best efforts to renew and/or extend such option for a sufficient period of time to complete the proposed 3-D Seismic Operations thereon and exercise the lease option thereunder. Payment for extensions and/or renewals shall be due within fifteen (15) days after receipt of an invoice therefore.

Expiring Options. If any lease options covered hereby will expire prior to completion of the Seismic Operations contemplated herein, Operator shall use its best efforts to renew and/or extend such option for a sufficient period of time to complete the proposed 3-D Seismic Operations thereon and exercise the lease option thereunder. Payment for extensions and/or renewals The acquisition of such renewal shall be due within fifteen (15) days after receipt handled under the acquisition, notice and election provisions of an invoice thereforeArticle 2.4.