delay rental

delay rental. Oil & gas. A payment from the lessee to the lessor made to maintain the mineral lease from period to period during the primary term without an obligation to drill. See DRILLING-DELAY RENTAL CLAUSE; “or”lease, “unless”lease under LEASE; PAID-UP LEASE.

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词条贡献者

译员雪梅，国际知名法学院劳动法专业，专注翻译各种与劳动雇佣有关的法律文件。