Examples of Power Potential in a sentence
For the second five (5) year period of the lease, Lessee shall, on or before each succeeding anniversary date during the primary term hereunder, pay or tender to Lessor an annual rental in the amount of SEVEN DOLLARS AND FIFTY CENTS ($7.50) per acre, until such time as from the drilling of a well or xxxxx on the leased land, or lands pooled, unitized or combined therewith, there has been established to the satisfaction of the Lessee the existence of Sufficient Power Potential in Commercial quantities.
For the second five (5) year period of the lease, Lessee shall, on or before each succeeding anniversary date during the primary term hereunder, pay or tender to Lessor an annual rental in the amount of FIFTEEN DOLLARS ($15.00) per acre , until such time as from the drilling of a well or xxxxx on the leased land, or lands pooled, unitized or combined therewith, there has been established to the satisfaction of the Lessee the existence of Sufficient Power Potential in Commercial quantities.
The excitation transformer is more commonly referred to as the input Power Potential Transformer (PPT).
As a further condition of this lease, Lessee must develop the Pooled Lands with due diligence, taking into consideration good geothermal exploration and development practices, and in connection therewith Lessee shall furnish to Lessor's designated consultant, as reasonably requested by Lessor, evidence of Lessee's diligence and basis of determination of the capability of production of Sufficient Power Potential and/or Extractable Minerals in Commercial quantities.
For the second five (5) year period of the lease, Lessee shall, on or before each succeeding anniversary date during the primary term hereunder, pay or tender to Lessor an annual rental in the amount of FIVE DOLLARS ($5.00) per acre, until such time as from the drilling of a well or xxxxx on the leased land, or lands pooled, unitized or combined therewith, there has been established to the satisfaction of the Lessee the existence of Sufficient Power Potential in Commercial quantities.