Offset Obligations. In the event a well or xxxxx producing oil or gas in paying quantities should be brought in on land within 500 feet from any boundary of the leased premises. Lessee agrees within sixty (60) days from commencement of production from such well or xxxxx to commence the actual drilling of an offset well or xxxxx on the leased premises, or Lessee shall release to Lessor free of this Lease the offsetting tract of at least one hundred twenty (120) acres.
Offset Obligations to Vendor's knowledge, there are no offset obligations arising under any of the Leases, including any unsatisfied obligation to drill a well or surrender rights or an obligation to pay compensatory royalties;
Offset Obligations. As at the Agreement Date, Pengrowth is not aware of any outstanding offset obligations, and has not received any offset notices nor default notices under the terms of any lease to which it is a party which is has not fully satisfied or has been waived.
Offset Obligations. Orders issued by Dell pursuant to this Agreement are placed with the expectation of potential acquisition of credit for current and/or anticipated future offset obligations of Dell or Dell Computer Corporation, or their designated assignees to various governments around the world. Supplier agrees to reasonably assist Dell or Dell Computer Corporation, or their designated assignees in their efforts to secure offset credit from these governments in an amount equal to the value of the applicable in-country content of the orders placed under this Agreement.
Offset Obligations. None of the Lands have been or are now subject to any offset obligation (including obligations to drill wellx, xxrrender rights, or pay compensatory royalty) which has not been satisfied.
Offset Obligations. In the event a well or xxxxx producing oil or gas in paying quantities should be brought in on land within 500 feet from any boundary of the leased premises, Lessee agrees within ninety (90) days from commencement of production from such well or xxxxx to commence the actual drilling of an offset well or xxxxx on the leased premises, as would a reasonably prudent operator under similar circumstances, or Lessee shall release to Lessor free of this Lease the offsetting tract of at least forty (40) acres, if possible and reasonably practical and not at the economic disadvantage of Lessor, that is subject to being drained by the offsetting well and is not part of a producing unit.
Offset Obligations. To the knowledge of the Vendor, and except as set forth in Schedule "H", it has not received any notice from or on behalf of, any lessor that a Lease is subject to an offset obligation, including an unsatisfied obligation to drill a well or surrender rights or an obligation to pay compensatory royalties, nor is the Vendor aware or any such existing obligation;
Offset Obligations. Lessee shall conduct its operations with the intent to fully exploit the Leased Substances under the Leased Lands with respect to the highest standard of industry practice for the duration of the Primary Term, and from the Primary Term to termination of the Lease. Lessee shall use the most prudent exploitation technology to ensure that the Leased Lands are developed and optimized in a similar manner as laterally or diagonally adjoining sections of land.
Offset Obligations. Those obligations of Intel to offset depletion effects to the Rio Grande under RG-57125 that are being assumed by ISC pursuant to Paragraph 3.C.
Offset Obligations. As of the date hereof, Vendor has not received any notice from, or on behalf of the applicable lessor that a Lease is subject to an offset obligation, including an unsatisfied obligation to drill a well or surrender rights or an obligation to pay compensatory royalties;
