SHUT-IN XXXXX Sample Clauses

SHUT-IN XXXXX. If Lessee shall complete a well on the leased land productive of gas and Xxxxxx is unable to produce such gas due to a lack of suitable market therefore, Lessor may grant Lessee suspension of his obligations to produce hereunder until a suitable market for such gas can be found, and during any such suspension period, it shall be deemed that gas is being produced hereunder in paying quantities. Except, however, that beginning on the anniversary date next, of the year of an extension of the lease by reason of a shut-in well, Lessee shall pay to Lessor a shut- in royalty equal to $2.50 per acre of the lease per annum in addition to the annual rental. The minimum amount of such shut-in royalty payment shall be $240. Each year's shut-in royalty shall be forfeited to Lessor except for the shut-in royalty paid for the year during which the well begins production. The maximum extension of the lease, due to the existence of a shut-in well, shall be five (5) years beyond the extension term as described in the EXTENSION paragraph herein. The granting of any further extensions shall be at the sole option of Lessor.

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SHUT-IN XXXXX. 8.1 After September 1, 2005, any interests earned by Xxxxxx hereunder in any Section of UPRC Lands which are held by production by virtue of a shut-in gas well shall terminate when and if such well remains shut in for a period of nine (9) consecutive months. Should Xxxxxx'x interest terminate pursuant to this Article 8, then Xxxxxx shall, within thirty (30) days of such termination, reassign to Amoco all of its right title and interest in and to such Section of UPRC Lands free and clear of any burden or encumbrance created by, through or under Xxxxxx.

SHUT-IN XXXXX. Subject to the provisions hereinbefore set forth, if all xxxxx on the said lands are shut-in, suspended or otherwise not produced during any year ending on an anniversary date, the Lessee shall pay to the Lessor at the expiration of each such year, a sum of One Hundred Fifty Thousand Dollars ($150,000.00) ("the delay rental") and each such well shall be deemed to be a producing well hereunder, provided that this clause shall not impose an obligation upon the Lessee to make the payment of the delay rental unless all xxxxx on the said lands are shut-in, suspended or otherwise not produced for a period of ninety (90) consecutive days in any such year.

SHUT-IN XXXXX. If at any time, either before or after the expiration of the primary term of this lease, there is any gas well capable of producing gas in paying quantities but which is shut-in (i.e. temporarily halted), either before or after production therefrom and the production therefrom is not sold or used off the leased premises for a period of 90 consecutive days, and this lease is not being maintained by production of leased substances, operations, or otherwise, Lessee shall pay or tender as shut-in gas royalty ten dollars ($10.00) per acre per year for the number of acres then covered by this lease. If the shut-in well is in a pooled or proration unit then this fee shall be measured by the acreage only in the pooled or proration unit for said well. This payment shall be in addition to the minimum annual rental and not in lieu of or as a deduction toward said annual rental. Such payment shall be due on the last day of the next succeeding month following the calendar month in which said 90 day period so expires which last day of the month is hereinafter referred as the "shut-in royalty date." In like manner on or before each annual succeeding shut-in royalty date, which such gas well remains shut-in, Lessee shall make payment of shut-in gas royalty in the same amount and manner. A shut-in gas well for which such shut-in gas royalty is being paid shall be considered under this lease as a well producing gas in paying quantities for the purpose of continuing this lease. However, no such payment shall serve, in lieu of actual production, to continue this lease for a period in excess of five (5) years after oil and/or gas is discovered in paying quantities upon the Land. No payment of shut-in royalty shall relieve Lessee of the duty to use due diligence to obtain a market for such gas. As used in this Lease, production in "paying quantities" means that the market value of oil or gas, less royalties, exceeds out-of-pocket operational expenses, not including capital expenses or non-cash items such as depreciation, for the immediately preceding six (6) month period.

SHUT-IN XXXXX. If, during any lease year after the expiration of the primary term, there is a well on the said lands from which any of the leased substances is capable of being produced in paying quantities from the demised estate and no well on the said lands has produced leased substances from the demised estate for at least 4,000 hours during such lease year, the Lessee shall pay to the Lessor the shut-in well payment within thirty (30) days after the end of such lease year, unless during such lease year the Lessee surrendered this Lease to the Lessor as to the whole of the demised estate in accordance with clause 15. The making of such payment shall result in deemed production. For greater certainty, if the Lessee is relying on a well capable of being produced in paying quantities for continuation pursuant to clause 2, and no well has produced leased substances from the demised estate for at least 4,000 hours, then the shut-in well payment must be made. The failure to make such payment within thirty (30) days after the end of such lease year is an act of default under clause 14.

Related to SHUT-IN XXXXX

Xxxx Xxxxx Where the parties cannot agree on an arbitrator, one of the above named will be chosen at random.
Xxxxx Xxxxx Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.
Xxxx Xxxxxx Purchase Order and Sales Contact Email Please enter a valid email address that will definitely reach the Purchase Order and Sales Contact. xxxxxx@xxxxxxxxxxxxxxxx.xxx Purchase Order and Sales Contact Phone Numbers only, no symbols or spaces (Ex. 8668398477). The system will auto-populate your entry with commas once submitted which is appropriate and expected (Ex. 8,668,398,477). 2 3 8003839362 Company Website Company Website (Format - xxx.xxxxxxx.xxx) 4 xxx.xxxxxxxxxxxxxxxx.xxx Entity D/B/A's and Assumed Names You must confirm that you are responding to this solicitation under your legal entity name. Go now to your Supplier Profile in this eBid System and confirm that your profile reflects your "Legal Name" as it is listed on your W9. In this question, please identify all of your entity's assumed names and D/B/A's. Please note that you will be identified publicly by the Legal Name under which you respond to this solicitation unless you organize otherwise with TIPS after award. 5 N/A Primary Address Primary Address 2 0000 X Xxxxx Xxxxx Primary Address City Primary Address City 7 West Jordan Primary Address State Primary Address State (2 Digit Abbreviation) 2 8 UT Primary Address Zip Primary Address Zip 9 84081 Search Words Identifying Vendor Please list all search words and phrases to be included in the TIPS database related to your entity. Do not list words which are not associated with the bid category/scope (See bid title for general scope). This will help users find you through the TIPS website search function. You may include product names, manufacturers, specialized services, and other words associated with the scope of this solicitation.
Xxxx-Xxxxx-Xxxxxx Notwithstanding any other provision in this Agreement, in the event the Xxxx Xxxxx Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), is applicable to any Member by reason of the fact that any assets of the Company will be distributed to such Member in connection with the dissolution of the Company, the distribution of any assets of the Company shall not be consummated until such time as the applicable waiting periods (and extensions thereof) under the HSR Act have expired or otherwise been terminated with respect to each such Member.
Xxxxx Xxxxxx Purchase Order and Sales Contact Email Please enter a valid email address that will definitely reach the Purchase Order and Sales Contact. 2 2 xxxxx@xxxxxxxxxxxxxxxxx.xxx Purchase Order and Sales Contact Phone Numbers only, no symbols or spaces (Ex. 8668398477). The system will auto-populate your entry with commas once submitted which is appropriate and expected (Ex. 8,668,398,477). 2 3 7139838819 Company Website Company Website (Format - xxx.xxxxxxx.xxx) 4 xxx.xxxxxxxxxxxxxxxxx.xxx Entity D/B/A's and Assumed Names You must confirm that you are responding to this solicitation under your legal entity name. Go now to your Supplier Profile in this eBid System and confirm that your profile reflects your "Legal Name" as it is listed on your W9. In this question, please identify all of your entity's assumed names and D/B/A's. Please note that you will be identified publicly by the Legal Name under which you respond to this solicitation unless you organize otherwise with TIPS after award. 5 Xxxxxxx Builders Primary Address Primary Address 2 00000 XX Xxxx Xx Primary Address City Primary Address City 7 Houston Primary Address State Primary Address State (2 Digit Abbreviation) 2 8 TX Primary Address Zip Primary Address Zip 77095 Search Words Identifying Vendor Please list all search words and phrases to be included in the TIPS database related to your entity. Do not list words which are not associated with the bid category/scope (See bid title for general scope). This will help users find you through the TIPS website search function. You may include product names, manufacturers, specialized services, and other words associated with the scope of this solicitation. 0 General Contractor, GC, Preconstruction Services, XXXX, Design Build, Concrete, Keystone Certification of Vendor Residency (Required by the State of Texas) Does Vendor's parent company or majority owner:
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