Common use of Findings for Recovery Clause in Contracts

Findings for Recovery. If the potential compensation to Lessee under this Lease exceeds Twenty Five Thousand Dollars ($25,000.00), Lessee warrants that it is not subject to an “unresolved” finding for recovery under Revised Code Section 9.24. If this warranty is found to be false, this Lease is void ab initio.

Appears in 5 contracts

Samples: Oil and Gas Lease, Oil and Gas Lease, Oil and Gas Lease

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Findings for Recovery. If the potential compensation to Lessee under this Lease exceeds Twenty Five Thousand Dollars ($25,000.00), Lessee warrants that it is not subject to an “unresolved” finding for recovery under Revised Code Section 9.24. If this warranty is found to be false, this Lease is void ab initio, and Lessee shall immediately repay to the Lessor any funds paid under this Lease.

Appears in 1 contract

Samples: Developmental Oil & Gas Lease

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