Leasehold costs definition
Leasehold costs means payments for bonus, delay rentals, and all other costs of acquiring from the landowners (or, in the case of an acquisition by Company (but not any assignee of Company), from predecessors in title to such leases) and maintaining in force the leases allocated to the well. Leases "allocated" to a well shall mean the leases or portions thereof or undivided interests therein to which production from a well is attributed, whether on a lease or unit basis. With respect to each such well, "common costs" shall mean capital costs that are attributable to (a) such Prospect as a whole or (b) such well and one or more other well▇ (▇▇t not all well▇) ▇▇ such Prospect and shall include, without limitation, costs of drilling, plugging and abandoning non-productive well▇ ▇▇ such Prospect. Each such well's allocable share of common costs shall be determined by Company in any manner it deems appropriate from time to time.
Leasehold costs means those direct charges incurred for acquisition ----------------- of Properties, including, without limitation, records examination and title costs, mineral and leasehold ownership reports, broker fees and expenses, travel costs, the purchase price, option costs, rentals, recording costs and any other costs associated with the acquisition of Properties.
Leasehold costs has the meaning set forth in Section 5.10(b).
Examples of Leasehold costs in a sentence
Leasehold costs are set at a prearranged per acre cost to ReoStar of Eight Hundred Fifty Dollars ($850).
Leasehold costs are amortized using the straight-line method over the terms of the related leasehold agreement.