Common use of Release of Lease Clause in Contracts

Release of Lease. Lessee may, at any time and from time to time, deliver to Lessor or file of record a written release of this lease as to a full or undivided interest in all or any portion of the area covered by this lease or any depths or zones thereunder, and shall thereupon be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases less than all of the interest or area covered hereby, Lessee’s obligation to pay or tender shut-in royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder.

Release of Lease. Lessee may, at any time and from time to time, deliver to Lessor or file of record a written release of this lease as to a full or undivided interest in all or any portion of the area covered by this lease or any depths or zones thereunder, and shall thereupon be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases less than all of the interest or area covered hereby, Lessee’s obligation to pay or tender shut-in royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder. 12.

Release of Lease. Lessee may, at any time and from time to time, time deliver to Lessor or file of record a written release of this lease as to a full or undivided interest in all or any portion of the area covered by this lease or any depths or zones thereunder, and shall thereupon be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases less than all of the interest or area covered hereby, Lessee’s obligation obligations to pay or tender shut-in royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder.

Release of Lease. Lessee may, at any time and from time to time, deliver to Lessor or file of record a written release of this lease as to a full or undivided interest in all or any portion of the area covered by this lease or any depths or zones thereunder, and shall thereupon be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases less than all of the interest or area covered hereby, LesseeXxxxxx’s obligation to pay or tender shut-in minimum royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder.

Release of Lease. Lessee may, at any time and from time to time, deliver to Lessor or file of record a written release of this lease Lease as to a full or undivided interest in all or any portion of the area covered by this lease leased premises or any depths or zones thereunder, and shall thereupon be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases all or an undivided interest in less than all of the interest or area covered hereby, Lessee’s 's obligation to pay or tender shut-in royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder.

Release of Lease. Lessee may, at any time and from time to time, time deliver to Lessor or file of record a written release of this lease as to a full or undivided interest in all or any portion of the area covered by this lease or any depths or zones thereunder, and shall thereupon be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases less than all of the interest or area covered hereby, LesseeLxxxxx’s obligation obligations to pay or tender shut-in royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder.

Release of Lease. Lessee may, at any time and from time to time, deliver to Lessor or file of record a written release of this lease Lease as to a full or undivided interest in all or any portion of the area covered by this lease leased premises or any depths or zones thereunder, and shall thereupon thereafter be relieved of all obligations thereafter arising with respect to the interest so released. If Lessee releases all or an undivided interest in less than all of the interest or area covered hereby, LesseeXxxxxx’s obligation to pay or tender shut-in royalties shall be proportionately reduced in accordance with the net acreage interest retained hereunder.