Common use of No Obligation to Develop Clause in Contracts

No Obligation to Develop. Nothing contained in this Agreement shall impose any obligation, expressed or implied, upon the Grantor to explore or develop the Royalty Lands.

Appears in 4 contracts

Sources: Royalty Agreement, Royalty Agreement (Paramount Energy Trust), Royalty Agreement (Paramount Energy Trust)

No Obligation to Develop. Nothing contained in this Agreement shall impose any obligation, expressed or implied, upon on the Grantor to explore or develop the Royalty Lands.

Appears in 2 contracts

Sources: Royalty Agreement (Primewest Energy Trust), Royalty Agreement (Primewest Energy Trust)