REDUCTION OF ROYALTY. Lessee may request a reduction of royalty in accordance with the applicable statutes and regulations in effect on the date of application for the reduction. No reduction of royalty payable to ASRC shall be effected without ASRC's approval; and, likewise, no reduction of royalty payable to the State shall be effected without the State's approval.
Appears in 8 contracts
Samples: dog.dnr.alaska.gov, dog.dnr.alaska.gov, dog.dnr.alaska.gov
