SURFACE LEASE Clause Samples
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SURFACE LEASE. If the Landowner is part of a production unit and thereby is to receive production royalties, the Landowner grants to the Lessee the right to lease that portion of the Surface of the Property as is required for the Lessee's production and/or transmission facilities at a surface lease rate of $600/acre per year for productive crop land, $300/acre per year for pasture land and $150/acre per year for hillside or otherwise non-productive land. If the landowner not part of the production unit and therefore will not receive production royalties, but the lease is in good standing as to the rental payments and work commitments, then the Landowner grants the Lessee the right to lease that portion of the Surface of the Property as may be required for the Lessee's production and/or transmission facilities at surface lease rate of $1200/acre for productive crop land, $600/acre for pasture land and $300/acre for hillside or otherwise non-productive land. The location of such surface facilities and surface leases will be determined in consultation with the Landowner.
SURFACE LEASE. Lessee shall pay a separate surface rental on all surface property owned by Lessee within the Mining Area of one dollar and 0/100 cents ($1.00) per acre per year.
SURFACE LEASE. It is not clear what constitutes “production and/or transmission facilities” for which surface rents must be paid. Are roads included? Only new roads? Overhead transmission lines? How much area do they occupy?
SURFACE LEASE. Upon the termination of this Lease, Coalhunter shall have the option to acquire a surface lease for the continued use of the surface of the Lands for Coal processing activities for a term not exceeding twenty (20) years, on payment of an annual surface lease rental payable on the anniversary date of the termination of this Lease of a sum that is the equivalent to the payment on June 15, 2010 of one hundred thousand dollars ($100,000) adjusted for inflation using the Canadian Consumer Price Index or any successor index generally used in Canada from and after June 15, 2010. Unless otherwise agreed by the parties, such surface lease shall be on the terms of this Lease, provided that Coalhunter shall not be entitled to carry on exploration, development or mining operations on the Lands during the term of such surface lease.
SURFACE LEASE. Surface Lease Agreement SL-20040002, dated March 6, 2013, between the State of Texas and Texas Rare Earth Resources Corp.