Common use of Execution Payment Clause in Contracts

Execution Payment. Upon execution of this Lease, Lessee shall pay, as consideration for the use of the Premises, a one-time Execution Payment of Five Thousand Dollars and NO/100 ($5,000.00), which shall be credited toward the first Production Payment.

Appears in 1 contract

Sources: Contribution Agreement (USA Rare Earth, LLC)

Execution Payment. Upon execution of this Lease, Lessee shall pay, as consideration for the use of the Premises, a one-time Execution Payment of Five Thousand Dollars and NO/100 NO /l 00 ($5,000.00), which shall be credited toward the first Production PaymentPayment .

Appears in 1 contract

Sources: Groundwater Lease (USA Rare Earth, LLC)