Common use of Extension Payment Clause in Contracts

Extension Payment. The Lessee shall pay to the Lessor the sum of one-third of the original bonus.

Appears in 57 contracts

Sources: Oil and Gas Lease, Oil and Gas Lease, Oil and Gas Lease

Extension Payment. The Lessee shall pay to the Lessor the sum of one-third (1/3) of the original bonus.bonus amount

Appears in 3 contracts

Sources: Oil and Gas Lease, Oil and Gas Lease, Oil and Gas Lease