Common use of Annual Rental Clause in Contracts

Annual Rental. For each lease year prior to the commencement of production of geothermal resources in commercial quantities on the leased lands, the Lessee shall pay the Lessor on or before the anniversary date of the lease a rental of *** Dollars ($***) per acre or a fraction thereof. If no production of electrical energy has been achieved on the leased property by the end of the third year of the lease term, and the parties have not entered into a written agreement to extend the lease term, this Lease shall automatically terminate as to both parties.

Annual Rental. For each lease year prior to the commencement of production of geothermal resources in commercial quantities on the leased lands, the Lessee shall pay the Lessor on or before the anniversary date of the lease a rental of *** Dollars ($***) per 2.00 for each acre or a fraction thereof. If no production of electrical energy has been achieved on the leased property by the end of the third year of the lease term, and the parties have not entered into a written agreement to extend the lease term, this Lease shall automatically terminate as to both parties.

Annual Rental. For each lease year prior to the commencement of production of geothermal resources in commercial quantities on the leased lands, the Lessee shall pay the Lessor on or before the anniversary date of the lease a rental of *** Dollars ($***) 2.00 for each acre or fraction thereof in excess of $2.00 per acre or a ---- ---- fraction thereofthereof due the Lessor for that or any future year. If no production of electrical energy has been achieved on the leased property by the end of the third year of the lease term, and the parties have not entered into a written agreement to extend the lease term, this Lease shall automatically terminate as to both parties.(c)