delay rental

delay rental Oil & gas. A periodic payment made by an oil-and-gas lessee to postpone exploration during the primary lease term. See DRILLING-DELAY RENTAL CLAUSE. [Cases: Mines and Minerals 78.1(3). C.J.S. Mines and Minerals ¡ì¡ì 269¨C270.] How many ways are there to translate delay rental in Chinese?

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. How do Chinese lawyers translate the term DELAY RENTAL?