New Mexico Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor

State:
Multi-State
Control #:
US-OG-572
Format:
Word; 
Rich Text
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Description

The Affidavit states that the Primary Term of a Lease is Not Extended by Additional Bonus Payment.

A New Mexico Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor is a legally binding document that confirms the primary term of a lease agreement will not be extended due to an additional bonus payment made by the lessor. This affidavit is particularly relevant in the energy industry, where lease agreements for oil, gas, and mineral rights often include bonus payments. In New Mexico, there are various types of affidavits related to lease agreements that address this specific issue. Let's explore them briefly: 1. New Mexico Oil and Gas Lease Affidavit: This affidavit specifically pertains to lease agreements in the oil and gas industry. It ensures that the primary term of the lease remains unaffected by any additional bonus payments from the lessor. 2. New Mexico Mineral Lease Affidavit: This type of affidavit is applicable when dealing with lease agreements related to mineral rights. It asserts that any bonus payment made by the lessor does not extend the primary term of the lease. 3. New Mexico Lease Extension Affidavit: Although not directly linked to bonus payments, this affidavit can be associated with the primary term of a lease. It confirms that the lease agreement will not be extended beyond its stipulated duration, regardless of bonus payments or other considerations. 4. New Mexico Lease Amendment Affidavit: This affidavit acknowledges any amendments made to the original lease agreement but reaffirms that the primary term remains unchanged by additional bonus payments. Keywords: New Mexico, Affidavit, Primary Term, Lease, Not Extended, Additional Bonus Payment, Lessor, Oil Industry, Gas Industry, Mineral Rights, Oil and Gas Lease Affidavit, Mineral Lease Affidavit, Lease Extension Affidavit, Lease Amendment Affidavit

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Make confident the form meets all the necessary state requirements. If possible preview it and read the description prior to buying it. Press Buy Now. Select ... Add the Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor for redacting. Click the New Document button above, then drag ...This option may be exercised by Lessee at any time during the original primary term by paying the sum of One Hundred and 00/100 Dollars ($100.00) per net ... 100.14 ANNUAL RENTAL - PRIMARY AND SECONDARY TERM: All leases issued by the commissioner shall provide for an annual rental to be paid by the lessee, whether or ... In New Mexico failure to make timely payment of the rental is not fatal to the lease if the lessee's actions manifest a good faith intent to continue the lease. Affidavit as to Termination of Lease (Lack of Production after Primary Term) ... Subordination of Mtg to Lease (Bonus & Royalty Payments to Lessor). Surface Use ... Dec 1, 2022 — ... rental due by the lessee under the term s of this lease but not less ... This lease shall not expire at the end of the primary term hereof if ... Jul 19, 2014 — primary term, the lease remains in its primary term and the annual rental does not double. b. If payment is made after May 19, 1975, the ... gas well royalty payment shall extend the term of this lease for a period of one (1) year from the end of the primary term or from the first day of the ... CONTINUATION OF TERM: If at the expiration of the primary term oil or gas in paying quantities shall not have been produced from the premises, this lease ...

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New Mexico Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor