Common use of Power Generation Clause in Contracts

Power Generation. If Lessee utilizes Geothermal Resources to generate and sell electric power, a royalty of [***] of the gross proceeds of the sale of said electric power for the first [***] years from the first sale of electricity and [***] thereafter, in each case less Deductible Costs (as defined in Section 3(b) (vi));

Appears in 3 contracts

Sources: Geothermal Resources Lease (Raser Technologies Inc), Geothermal Resources Lease, Geothermal Resources Lease (Raser Technologies Inc)