Paying Quantities Sample Clauses

Paying Quantities. For purposes of this Lease “produced in paying quantities” shall mean the production of Leased Substances sufficient to yield royalties in an amount at least equal to twice the highest annual delay rental provided for in paragraph 3 of this lease during a lease year. In the event that the Lease is in production, but production royalties generated and paid to the Lessor during the lease year do not total an amount equal to at last twice the highest annual delay rental provided for in paragraph 3 of this lease during such lease year, Lessee may maintain this lease in force by tendering the difference in cash to Lessor before the end of the second month after the end of such lease year, or the lease will terminate by its own terms.
Sample 1
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Related to Paying Quantities

  • Dedicated Transport A DS0-, DS1-, or DS3-capacity transmission facility between Verizon switches (as identified in the LERG) or UNE Wire Centers, within a LATA, that is dedicated to a particular end user or carrier. Dedicated Transport is sometimes referred to as dedicated interoffice facilities ("IOF"). Dedicated Transport does not include any facility that does not connect a pair of Verizon UNE Wire Centers.

  • Minerals All minerals, crops, timber, trees, shrubs, flowers and landscaping features now or hereafter located on, under or above Land;

  • Delivery Point (a) All Energy shall be Delivered hereunder by Seller to Buyer at the Delivery Point. Seller shall be responsible for the costs of delivering its Energy to the Delivery Point consistent with all standards and requirements set forth by the FERC, ISO-NE, the Interconnecting Utility and any other applicable Governmental Entity and any applicable tariff.

  • Production Lessee shall, subject to applicable laws, regulations and orders, operate and produce all xxxxx upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of xxxxx on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties.

  • Biological Samples If so specified in the Protocol, Institution and Principal Investigator may collect and provide to Sponsor or its designee Biological Samples (“Biological Samples”). 12.2.

  • Receipt Points The Points of Receipt are listed in Appendix 2.

  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.

  • Project Area The Project Area is the incorporated area of the City of San Xxxx.

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Transporting Students Teachers shall not be required to transport a student in a private vehicle on behalf of the school.

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