Common use of ROYALTY IN KIND Clause in Contracts

ROYALTY IN KIND. To pay royalty in kind upon receiving 30 days written notice from the Lessor. Royalty oil shall be delivered in tanks provided by the Lessee on the premises where produced without cost to the Lessor unless otherwise agreed to by the parties hereto, at such times as may be required by the Lessor. However, Lessee shall not be required to hold such royalty oil in storage for a period of more than thirty (30) days. In addition, Lessee shall be in no manner responsible or held liable for loss or destruction of such oil in storage caused by acts of nature. Accounting for royalty taken in kind shall be the responsibility of the MMS. Royalty gas shall be delivered by the Lessee to a mutually acceptable place in the Lessee's pipeline at no cost to the Lessor.

ROYALTY IN KIND. To pay royalty in kind upon receiving 30 days written notice from the LessorLessors. Royalty oil shall be delivered in tanks provided by the Lessee on the premises where produced without cost to the Lessor Lessors unless otherwise agreed to by the parties hereto, at such times as may be required by the LessorLessors. However, Lessee shall not be required to hold such royalty oil in storage for a period of more than thirty (30) days. In addition, Lessee shall be in no manner responsible or held liable for loss or destruction of such oil in storage caused by acts of nature. Accounting for royalty taken in kind shall be the responsibility of the Minerals Management Service (MMS). Royalty gas shall be delivered by the Lessee to a mutually acceptable place in the Lessee's pipeline at no cost to the LessorLessors.