Lease Costs. The Leases shall be contributed to the Partnership by the Managing General Partner as set forth in §4.01(a)(4). 5.01(b). Revenues. Revenues shall be credited as set forth below.
Lease Costs. The Lessee shall pay all lease costs including stamp duty as determined by SARS, in terms of this Agreement and any replacement Agreement. The lease costs are R2,000.00 (Two Thousand Rand) (excluding Vat)
Lease Costs. 13.1 The Lease costs are R2,000.00 (Two Thousand Rand) (Excluding vat).
Lease Costs. 31.1 The costs and charges of this Lease shall be borne by the Lessee.
Lease Costs. The Lessor shall at its own expense pay for all costs for the preparation stamping and registration of this Lease.
Lease Costs. The Parties acknowledge that certain costs payable by Transco to Con Edison under the Lease may be invoiced by O&R pursuant to the O&M Agreement. In such event, payment by Transco of such invoices shall be deemed to satisfy Transco’s payment obligations under the Lease. Capitalized terms used in this Section 11 and not otherwise defined in this Agreement have the meanings given thereto in the Lease.
Lease Costs. The Leases shall be contributed to the Partnership by the Managing General Partner as set forth in Section 4.01(a)(4).
Lease Costs. The Tenant must pay the registration of this Lease and any renewal.
Lease Costs. The Lessee shall pay all lease costs in terms of this Agreement or any replacement Agreement, which are R2,000.00 (Two Thousand Rand) (Excluding Vat or any equivalent Tax), which shall be paid in local currency at the prevailing exchange rate.
Lease Costs. Farmee shall pay 100% of the costs to maintain Farmor’s existing leases, as shown on Exhibit B-2 to this Agreement, from the effective date of this agreement, and to acquire an additional 1,000 leasehold acres in the Eel River Basin Area of Mutual Interest (“Eel River Basin AMI”), as defined in Article XVI.E. of the Operating Agreement, within the Grizzly Bear AMI or other defined prospects, as shown on Exhibit D to this Agreement (collectively, “Lease Maintenance and Acquisition Costs”). Farmee shall be entitled to recover, from 75% of oil and gas revenues resulting from the working interest production allocable to Farmor from the Phase I Earning Xxxxx and any xxxxx drilled subsequent to the Phase I Earning Xxxxx, 125% of the portion attributable to Farmor’s working interest of the Lease Maintenance and Acquisition Costs, the 2D Seismic Costs and the EIR and Permit Costs, provided that any such recoveries that would otherwise be allocated to the recovery of the 3D Seismic Costs, pursuant to Section 3.2(a), shall not be allocated to the recovery of the Lease Maintenance and Acquisition Costs and the EIR and Permit Costs, but shall instead be allocated entirely to the recovery of the 3D Seismic Costs. After Farmee bas recovered 125% of the portion attributable to Farmor’s working interest of the Lease Maintenance and Acquisition Costs, the 2D Seismic Costs and the EIR and Permit Costs, Farmee shall assign to Xxxxxx (i) an undivided 25% of its working interest in all leases acquired by Fannies within the Grizzly Bear AMI or (ii) an undivided 30% of its working interest in all leases acquired by Farmee outside the Grizzly Bear AMI, pursuant to this Section 2.2(c). The burdens on the leases included in such assignment shall be no greater than the lessor royalties specified in such leases plus an overriding royalty interest to Xxxxxx on such leases equal to the Retained ORRI as defined in Section 5.3. If the leasehold acreage is not acquired, the rights to the defined prospects outside the Grizzly Bear AMI shall revert to Xxxxxx, unless the failure to acquire such acreage is the result of an event of force majeure, defined as a condition beyond a party’s control such as, but not limited to, war, strikes, fires, floods, acts of God, governmental restrictions, and/or any other cause beyond the reasonable control of a party. In the event that Farmee either (i) fails to fulfill its obligations under Section 2.1 and 2.2 or (ii) elects not to drill or fails to drill ...
