11 AAC 25.290 - Request to amend lease, unit agreement, or royalty settlement agreement under AS 43.90.310 (b)
(a) A qualified
person that has elected a royalty inducement under
AS
43.90.310 and
11 AAC 25.040 may request, on a
request form provided by the commissioner , that the commissioner contractually
amend an existing lease. The request form must be signed by a representative of
the applicant that is authorized to enter into an agreement to amend the
lease.
(b) A request to amend a
lease must be submitted at the same time that the qualified person submits the
election form for a resource inducement under
11 AAC 25.040. The commissioner
will not approve a request to amend a lease until after the commissioner has
approved the qualified person's election of resource inducement under
11 AAC 25.040.
(c) An amendment to a lease under
AS
43.90.310(b) and this
chapter affects only the provisions or parts of a provision of the lease that
are amended and shall not be construed as an amendment to any other provision
of the lease , unit agreement, or royalty settlement agreement.
Notes
Authority:AS 38.05.020
AS 38.05.180
AS 43.90.310
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