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PERMFILE124726
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PERMFILE124726
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Entry Properties
Last modified
8/24/2016 10:22:15 PM
Creation date
11/25/2007 12:56:55 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1977057
IBM Index Class Name
Permit File
Doc Date
4/29/1977
Doc Name
FEDINEC PIT 77-57
Media Type
D
Archive
No
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C: <br /> <br /> <br />Lessee may be entitled under the provisions hereof. <br />6. Adjustment Of Royalties: After the first five years of the lease <br />term, the annual minimum rov~alty specified in Paragraph 5 above <br />shall be adjusted, based upon the Consumer Price Index maintained <br />~ by the United States Bureau o£ Labor Statistics and the royalty shall <br />be changed based upon the percentage of change announced by the <br />most recent such index compared by the amount of the most recent <br />such index at the inception of this lease. On the anniversary date <br />of this lease, the production royalty specified in Paragraph 5 above <br />shall be adjusted based upon the Consumer Price Index maintained by <br />the United States Bureau of Labor Statistics, and the rental shall <br />be changed based upon the percentage of change announced by the most <br />recent such index compared to the amount of the most recent such <br />index at the inception of this lease. <br />7. Total royalties durino the term of this lease shall be equal <br />to or greater than the total of all minimum royalties required to <br />be paid under Paragraph SA above, as adjusted under the provisions <br />of Paragraph 6 above. At the beginning of each year of the lease <br />term, if the total royalties paid to date are equal to the total <br />-d- <br />
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