DELAY RENTAL

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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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.