Wind energy lease #IN

Development Rent. In each year of the Development Period, an annual payment equal to the greater of: (i) $10.00 per acre of the Property; or (ii) $500.00. Operating Rent. For the first year of the Operations Period, an annual payment equal to the greater of: (i) $50.00 per acre of the Property; or (ii) $1,000.00. For each subsequent year of the Operations Period, this payment amount shall be adjusted upward for inflation in accordance with Section 5.14. Annual Turbine Host Payment. If one or . . .
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