Common use of Full Development Clause in Contracts

Full Development. (1) That the A.O. may either require the drilling and production of such xxxxx as, in his opinion, are necessary to insure reasonable diligence in the development and operation of the property, or in lieu thereof require the payment of an amount as determined by the A.O. to compensate the Lessor in full each month for the estimated loss of royalty.

Full Development. (1) That the A.O. may either require the drilling and production of such xxxxx as, in his opinion, are necessary to insure reasonable diligence in the development and operation of the property, or in lieu thereof require the payment of an amount as determined by the A.O. to compensate the Lessor Lessors in full each month for the estimated loss of royalty.