Common use of Primary Term Clause in Contracts

Primary Term. Subject to the other provisions herein contained, this Lease shall be for a term of 18 months from the date of the notarial acknowledgement of Lessor’s execution of this instrument (hereinafter called “primary term”) and so long thereafter as oil or gas is produced from the leased premises or lands pooled therewith in paying quantities, or drilling operations are in progress thereon as hereinafter provided.

Appears in 5 contracts

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

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Primary Term. Subject to the other provisions herein contained, this Lease shall be for a term of 18 months Six (6) Months from the date of the notarial acknowledgement of Lessor’s execution of this instrument (hereinafter called “primary term”) and so long thereafter as oil or gas is produced from the leased premises or lands pooled therewith in paying quantities, or drilling operations are in progress thereon as hereinafter provided, or this Lease is held by other provisions contained herein.

Appears in 1 contract

Samples: Oil and Gas Lease

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Primary Term. Subject to the other provisions herein contained, this Lease shall be for a term of 18 months three years (3) from the date of the notarial acknowledgement of Lessor’s execution of this instrument (hereinafter called “primary term”) and so long thereafter as oil or gas is produced from the leased premises or lands pooled therewith in paying quantities, or drilling operations are in progress thereon as hereinafter provided.

Appears in 1 contract

Samples: Oil and Gas Lease

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