Common use of REDUCTION AND SUSPENSION Clause in Contracts

REDUCTION AND SUSPENSION. In accordance with Section 39 of the Mineral Leasing Act, 30 U.S.C. 209, the lessor reserves the authority to waive, suspend or reduce rental or minimum royalty, or to reduce royalty and reserves the authority to assent to or order the suspension of this lease.

REDUCTION AND SUSPENSION. In accordance with Section 39 of the Mineral Leasing Act, 30 U.S.C. 209, the lessor reserves the authority to waive, suspend or reduce rental or minimum royalty, or to reduce royalty royality and reserves the authority to assent to or order the suspension of this lease.