This form is used by the Lessee to give notice that Lessee's obligations to conduct operations on the Lease, which would have the effect of perpetuating or extending the term of the Lease, are suspended or delayed until the cause for the suspension of Lessee's obligations have ceased or are removed.
New Mexico Notice by Lessee of Force Mature with Events Preventing Ability to Perform Operations on A Lease Introduction: Lease agreements often include force majeure clauses that allow either party to suspend or terminate their contractual obligations due to unforeseeable events beyond their control. In the context of New Mexico, lessees may need to provide a Notice of Force Mature when certain events hinder their ability to perform operations on a lease. This article will provide a detailed description of New Mexico's Notice by Lessee of Force Mature, including the definition of force majeure events, the process for notifying the lessor, and the potential consequences of invoking force majeure. Keywords: New Mexico, Notice by Lessee, Force Mature, Events, Preventing, Ability, Perform Operations, Lease, Lessee, Lessor, Agreement, Unforeseeable, Terminate, Contractual Obligations, Definition, Notifying, Consequences, Invoking. Different Types of New Mexico Notice by Lessee of Force Mature with Events Preventing Ability to Perform Operations on A Lease: 1. Natural Disasters: A lessee may encounter force majeure events such as hurricanes, earthquakes, floods, or wildfires that prevent them from conducting operations on the leased property. By providing a Notice of Force Mature to the lessor, the lessee can legally seek relief from their obligations until the situation is resolved. 2. Pandemics or Epidemics: Events like the COVID-19 pandemic may qualify as force majeure in which the lessee experiences operational difficulties, including government-imposed lockdowns or travel restrictions. By notifying the lessor appropriately, lessees can potentially suspend their operations until such restrictions are lifted. 3. Acts of Terrorism or Civil Unrest: Instances of terrorism or civil unrest that pose a significant threat to the safety and security of the leased property can be considered force majeure events. Lessees can provide a Notice of Force Mature to temporarily halt their operations until stability is restored or security concerns are adequately addressed. 4. Governmental Actions: Certain government actions, such as changes in regulations or permits, may hinder the lessee's ability to perform operations on a lease. Lessees can invoke force majeure by notifying the lessor when they are unable to comply with newly implemented requirements, seeking relief from their obligations until compliance is feasible. 5. Acts of God: Force majeure events like severe weather conditions (e.g., storms, tornadoes, blizzards) or geological events (e.g., earthquakes, volcanic eruptions) that impede the lessee's ability to carry out operations on a lease can be addressed through a Notice of Force Mature. This notifies the lessor about the circumstances and allows the lessee to suspend operations until it becomes safe and feasible to proceed. Conclusion: New Mexico's Notice by Lessee of Force Mature with Events Preventing Ability to Perform Operations on A Lease provides lessees the opportunity to temporarily suspend or terminate their obligations under force majeure circumstances. By understanding the different types of force majeure events and properly notifying the lessor, lessees can navigate through unforeseeable challenges while protecting their rights and interests. It is essential for both parties to consult legal professionals experienced in New Mexico lease agreements to ensure compliance with relevant laws and provisions.
