Common use of MULTIPLE MINERAL DEVELOPMENT Clause in Contracts

MULTIPLE MINERAL DEVELOPMENT. The Utah School and Institutional Trust Lands Administration may designate any lands under its authority as a Multiple Mineral Development Area (MMD). In designated MMDs the Lessor may require in addition to the terms and conditions of this lease such stipulations or restrictions as may be necessary in the determination of the Director to integrate and coordinate the operations of lessees having an interest in the lands in order to conserve natural resource and optimize revenues to the trust-land beneficiaries.

Appears in 8 contracts

Samples: Mining Lease and Agreement, Mining Lease and Agreement (Epm Mining Ventures Inc.), Energy Lease (Raser Technologies Inc)

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MULTIPLE MINERAL DEVELOPMENT. The Utah School and Institutional Trust Lands Administration may designate any lands under its authority as a Multiple Mineral Development Area (MMD). In designated MMDs the Lessor may require in addition to the terms and conditions of this lease such stipulations or restrictions as may be necessary in the determination discretion of the Director to integrate and coordinate the operations of lessees having an interest in the lands in order to conserve natural resource resources and optimize revenues to the trust-land beneficiaries.

Appears in 1 contract

Samples: Mining Lease and Agreement

MULTIPLE MINERAL DEVELOPMENT. The Utah School and Institutional Trust Lands Administration may designate any lands under its authority as a Multiple Mineral Development Area (MMD). In designated MMDs the Lessor may require in addition to the terms and conditions of this lease such stipulations or restrictions as may be necessary in the determination discretion of the Director to integrate and coordinate the operations of lessees having an interest in the lands in order to conserve natural resource resources and optimize revenues to the trust-land beneficiaries.. ML 53806

Appears in 1 contract

Samples: Mining Lease and Agreement (Petroteq Energy Inc.)

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MULTIPLE MINERAL DEVELOPMENT. The Utah School and Institutional Trust Lands Administration may designate any lands under its authority as a Multiple Mineral Development Area (MMD). In designated MMDs the Lessor may require in addition to the terms and conditions of this lease such stipulations or restrictions as may be necessary in the determination discretion of the Director to integrate and coordinate the operations of lessees having an interest in the lands in order to conserve natural resource resources and optimize revenues to the trust-land beneficiaries.. ML 53807Page No. 11

Appears in 1 contract

Samples: Mining Lease and Agreement (Petroteq Energy Inc.)

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